Cash flow Grand River Commerce, Inc.

Stocks

GNRV

US3864411091

Banks

Market Closed - OTC Markets 23:06:09 03/09/2026 +04			5-day change	1st Jan Change
5.350 ^USD	+2.88%		+2.88%	+40.42%

08-04	Grand River Commerce, Inc. Reports Earnings Results for the Half Year Ended June 30, 2026	CI
06-12	Isabella Bank Corporation entered into an Agreement and Plan of Merger to acquire Grand River Commerce, Inc. for $50.4 million.	CI

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Published financial data: GRAND RIVER COMMERCE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Interest Income On Loans	15.68M	17.6M	24.05M	26.67M	24.79M
Interest Income On Investments	408K	1.47M	1.69M	1.74M	2.07M
Interest Income, Total	16.08M	19.07M	25.74M	28.42M	26.85M
Interest On Deposits	1.91M	3.45M	11.57M	13.75M	11.84M
Total Interest On Borrowings	620K	633K	1.84M	2.45M	2.42M
Interest Expense, Total	2.53M	4.08M	13.41M	16.2M	14.26M
Net Interest Income	13.56M	14.99M	12.33M	12.22M	12.59M
Gain (Loss) on Sale of Loans	2.91M	696K	546K	552K	297K
Total Other Non Interest Income	267K	438K	331K	429K	330K
Non Interest Income, Total	3.18M	1.13M	877K	981K	627K
Revenues Before Provison For Loan Losses	16.74M	16.12M	13.2M	13.2M	13.22M
Provision For Loan Losses	160K	1.06M	-49K	-377K	-273K
Total Revenues	16.58M	15.06M	13.25M	13.58M	13.49M
Salaries And Other Employee Benefits	8.42M	11.55M	9.88M	9.13M	8.08M
Stock-Based Compensation (IS)	-	-	-	-	-
Occupancy Expense	401K	748K	620K	586K	555K
Federal Deposit Insurance	355K	416K	604K	648K	654K
Selling General & Admin Expenses, Total	1.98M	3.13M	2.42M	2.8M	2.46M
Total Other Non Interest Expense	1.18M	2.02M	1.23M	964K	922K
Non Interest Expense, Total	12.33M	17.87M	14.75M	14.13M	12.67M
EBT, Excl. Unusual Items	4.24M	-2.81M	-1.5M	-551K	818K
EBT, Incl. Unusual Items	4.24M	-2.81M	-1.5M	-551K	818K
Income Tax Expense	926K	-633K	-287K	-113K	173K
Earnings From Continuing Operations	3.32M	-2.17M	-1.21M	-438K	645K
Earnings Of Discontinued Operations	-	-	-6.09M	-85K	-9K
Net Income to Company	3.32M	-2.17M	-7.3M	-523K	636K
Net Income - (IS)	3.32M	-2.17M	-7.3M	-523K	636K
Net Income to Common Incl Extra Items	3.32M	-2.17M	-7.3M	-523K	636K
Net Income to Common Excl. Extra Items	3.32M	-2.17M	-1.21M	-438K	645K
Per Share Items
Net EPS - Basic	0.49	-0.31	-1.04	-0.07	0.09
Basic EPS - Continuing Operations	0.49	-0.31	-0.17	-0.06	0.09
Basic Weighted Average Shares Outstanding	6.75M	6.96M	7.04M	7.04M	7.04M
Net EPS - Diluted	0.47	-0.31	-1.04	-0.07	0.09
Diluted EPS - Continuing Operations	0.47	-0.31	-0.17	-0.06	0.09
Diluted Weighted Average Shares Outstanding	7.07M	7.02M	7.04M	7.47M	7.04M
Normalized Basic EPS	0.39	-0.25	-0.13	-0.05	0.07
Normalized Diluted EPS	0.37	-0.25	-0.13	-0.05	0.07
Supplemental Items
Effective Tax Rate - (Ratio)	21.82	22.55	19.13	20.51	21.15
Current Domestic Taxes	674K	-	-	-6K	79K
Total Current Taxes	674K	-	-	-6K	79K
Deferred Domestic Taxes	252K	-633K	-287K	-107K	94K
Total Deferred Taxes	252K	-633K	-287K	-107K	94K
Normalized Net Income	2.65M	-1.75M	-938K	-344K	511K
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	114K	378K	-164K	35K	1K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	114K	378K	-164K	35K	1K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	84.32M	48.38M	21.98M	23.51M	46.62M
Investment Securities, Total	5.87M	5.99M	5.66M	5.3M	6.9M
Mortgage Backed Securities	12.23M	9.05M	8.22M	7.13M	9.95M
Total investments	18.1M	15.04M	13.88M	12.43M	16.84M
Gross Loans	382M	461M	501M	480M	446M
Allowance For Loan Losses	-4.87M	-5.93M	-5.41M	-5.14M	-5M
Net Loans	377M	455M	495M	475M	441M
Gross Property Plant And Equipment	4.12M	7.09M	6.42M	5.82M	5.29M
Accumulated Depreciation	-1.79M	-2.32M	-2.62M	-2.76M	-2.91M
Net Property Plant And Equipment	2.34M	4.77M	3.81M	3.05M	2.38M
Investment in FHLB	473K	652K	1.84M	2.25M	2.66M
Loans Held For Sale	1.01M	433K	1.26M	497K	734K
Accrued Interest Receivable	875K	1.27M	1.55M	1.49M	1.52M
Other Current Assets, Total	-	-	3.35M	17K	5K
Deferred Tax Assets Long-Term (Collected)	1M	2.19M	4.05M	4.18M	3.9M
Other Long-Term Assets, Total	3.99M	2.15M	2.23M	2.26M	2.14M
Total Assets	489M	530M	549M	525M	517M
Liabilities
Interest Bearing Deposits	270M	293M	323M	310M	324M
Institutional Deposits	50M	44.74M	39.56M	35.72M	32.72M
Non-Interest Bearing Deposits	108M	124M	96M	89.83M	88.03M
Total Deposits	428M	462M	458M	435M	445M
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	17M	18M	10M
Current Portion of Leases	-	330K	464K	443K	278K
Long-Term Debt	8.02M	8.04M	15.37M	15.52M	15.68M
Federal Home Loan Bank Debt - Long-Term	4.5M	14.5M	17.5M	17.5M	7.5M
Long-Term Leases	-	2.12M	1.72M	1.31M	1.06M
Accrued Interest Payable	59K	259K	953K	691K	725K
Other Current Liabilities - (Bank / Utility Template)	-	-	977K	339K	339K
Other Non Current Liabilities	3.58M	485K	1.2M	577K	768K
Total Liabilities	444M	487M	513M	490M	481M
Common Stock, Total	68K	70K	70K	70K	70K
Additional Paid In Capital	39.49M	41.16M	40.99M	40.99M	40.99M
Retained Earnings	6M	3.82M	-3.48M	-4M	-3.36M
Comprehensive Income and Other	-119K	-2.21M	-1.96M	-2.06M	-1.37M
Total Common Equity	45.44M	42.84M	35.63M	35M	36.32M
Total Equity	45.44M	42.84M	35.63M	35M	36.32M
Total Liabilities And Equity	489M	530M	549M	525M	517M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.73M	7.03M	7.04M	7.04M	7.04M
ECS Total Common Shares Outstanding	6.73M	7.03M	7.04M	7.04M	7.04M
Book Value / Share	6.75	6.1	5.06	4.97	5.16
Tangible Book Value	45.44M	42.84M	35.63M	35M	36.32M
Tangible Book Value Per Share	6.75	6.1	5.06	4.97	5.16
Total Debt	12.52M	24.99M	52.05M	52.78M	34.52M
Federal Funds Sold	737K	648K	-	-	-
Net Debt	-71.8M	-23.39M	30.06M	29.27M	-12.1M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	3.32M	-2.17M	-7.3M	-523K	636K
Depreciation, Depletion & Amortization	270K	529K	473K	832K	766K
Total Depreciation, Depletion & Amortization	270K	529K	473K	832K	766K
Amortization of Deferred Charges, Total	-	26K	70K	159K	158K
Gain (Loss) on Sale of Loans & Receivables - (CF)	-2.91M	-696K	-3.08M	-605K	-297K
(Gain) Loss on Sale of Investments - (CF)	42K	40K	38K	40K	32K
Provision for Credit Losses	160K	1.06M	-49K	-377K	-273K
Stock-Based Compensation (CF)	114K	378K	-164K	35K	1K
Net (Increase) Decrease in Loans Originated / Sold - Operating	9.29M	1.28M	-913K	4.53M	60K
Changes in Accrued Interest Receivable	-2.23M	-742K	-426K	68K	60K
Changes in Accrued Interest Payable	2.25M	-448K	1.28M	-2.16M	-465K
Change In Deferred Taxes	173K	-633K	-	-	-
Change in Other Net Operating Assets (Collected)	-	-	450K	426K	416K
Other Operating Activities	-	-	-1.51M	-107K	94K
Net Cash From Discontinued Operations	-	-	257K	18K	-
Cash from Operations	10.47M	-1.38M	-10.88M	2.34M	1.19M
Capital Expenditure	-1.46M	-666K	-3K	-28K	-79K
Sale of Property, Plant, and Equipment	-	-	-	-	4K
Investment in Marketable and Equity Securities, Total	-11.04M	378K	1.44M	1.28M	-3.58M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-19M	-79.08M	-39.36M	20.54M	34.3M
Other Investing Activities, Total	-	-300K	-1.37M	-500K	-412K
Cash from Investing	-31.5M	-79.67M	-39.3M	21.29M	30.23M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	10M	37.25M	18M	102M
Total Debt Issued	-	10M	37.25M	18M	102M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-12.83M	-	-10M	-17M	-120M
Total Debt Repaid	-12.83M	-	-10M	-17M	-120M
Issuance of Common Stock	57K	1.29M	-	-	-
Net Increase (Decrease) in Deposit Accounts - (CF)	45M	33.82M	-3.36M	-23.19M	9.68M
Cash from Financing	32.22M	45.11M	23.89M	-22.19M	-8.32M
Net Change in Cash	11.19M	-35.94M	-26.29M	1.43M	23.1M
Supplemental Items
Cash Interest Paid	2.58M	3.88M	12.72M	16.46M	14.23M
Net Debt Issued / Repaid	-12.83M	10M	27.25M	1M	-18M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	0.7	-0.43	-0.22	-0.08	0.12
Return On Equity %	7.57	-4.93	-3.09	-1.24	1.81
Return on Common Equity	7.57	-4.93	-3.09	-1.24	1.81
Shareholders Value Added	-1.94M	-7.47M	-12.01M	-4.76M	-3.64M
Margin Analysis
SG&A Margin	65.17	102.45	97.49	92.19	82.25
Net Interest Income / Total Revenues %	81.77	99.52	93.01	90	93.33
EBT Excl. Non-Recurring Items Margin %	25.6	-18.64	-11.32	-4.06	6.06
Income From Continuing Operations Margin %	20.01	-14.43	-9.15	-3.23	4.78
Net Income Margin %	20.01	-14.43	-55.08	-3.85	4.71
Net Avail. For Common Margin %	20.01	-14.43	-9.15	-3.23	4.78
Normalized Net Income Margin	16	-11.65	-7.07	-2.54	3.79
Asset quality
Nonperforming Loans / Total Loans %	-	-	0.09	0.1	0.2
Nonperforming Loans / Total Assets %	-	-	0.09	0.09	0.18
Nonperforming Assets / Total Assets %	-	-	0.09	0.09	0.18
NPAs / Loans and OREO	-	-	0.09	0.1	0.2
NPAs / Equity	-	-	1.31	1.31	2.51
Allowance for Credit Losses / Net Charge-offs %	-	-	4.71K	11.68K	55.58K
Allowance for Credit Losses / Nonperforming Loans %	-	-	1.16K	1.12K	547.86
Allowance for Credit Losses / Total Loans %	1.27	1.28	1.08	1.07	1.12
Provision for Loan Losses / Net Charge-offs %	-	-	-42.61	-856.82	-3.03K
Capital And Funding
Total Average Common Equity / Total Average Assets %	9.31	8.66	7.27	6.58	6.84
Total Average Equity / Total Average Assets %	9.31	8.66	7.27	6.58	6.84
Total Equity + Allowance for Loan Losses / Total Loans %	13.16	10.57	8.2	8.36	9.27
Gross Loans / Total Deposits %	89.33	99.92	109.22	110.31	100.19
Net Loans / Total Deposits %	88.19	98.63	108.04	109.12	99.07
Tier 1 Capital Ratio %	11.14	9.84	9.35	10.9	11.98
Total Capital Ratio %	12.36	11.08	10.55	12.09	13.21
Core Tier 1 Capital Ratio	11.14	9.84	9.35	10.9	11.98
Coverage Ratio	374.31	494	338.25	342.67	185.26
Leverage Ratio %	8.87	8.86	8.15	9.19	9.43
Fixed Charges Coverage
EBT + Interest on Borrowings / Interest on Borrowings	7.84	-3.43	0.19	0.77	1.34
EBT + Interest Expense / Interest Expense	2.68	0.31	0.89	0.97	1.06
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	20.75	10.59	-17.73	-0.88	3.02
Non Interest Income, 1 Yr. Growth %	-26.26	-64.35	-5.09	11.86	-36.09
Provision For Loan Losses, 1 Yr. Growth %	-89.55	563.75	-104.61	669.39	-27.59
Total Revenues, 1 Yr. Growth %	18.32	-9.13	-10.72	2.44	-0.66
Earnings From Cont. Operations, 1 Yr. Growth %	9.44	-165.54	-185.85	-63.89	-247.26
Net Income, 1 Yr. Growth %	9.44	-165.54	235.79	-92.84	-221.61
Normalized Net Income, 1 Yr. Growth %	9.55	-166.16	-186.46	-63.27	-248.46
Diluted EPS Before Extra, 1 Yr. Growth %	9.3	-166.44	-186.17	-63.9	-247.27
Gross Loans, 1 Yr. Growth %	5.23	20.69	8.51	-4.11	-7.15
Allowance For Loan Losses, 1 Yr. Growth %	3.4	21.82	-8.7	-5.03	-2.68
Net Loans, 1 Yr. Growth %	5.26	20.68	8.73	-4.1	-7.2
Non Performing Loans, 1 Yr. Growth %	-	-	-	-1.71	98.48
Non Performing Assets, 1 Yr. Growth %	-	-	-	-1.71	98.48
Total Assets, 1 Yr. Growth %	8.31	8.34	3.55	-4.47	-1.34
Total Deposits, 1 Yr Growth %	11.75	7.9	-0.74	-5.05	2.22
Tangible Book Value, 1 Yr. Growth %	7.56	-5.72	-16.83	-1.76	3.77
Common Equity, 1 Yr. Growth %	7.56	-5.72	-16.83	-1.76	3.77
Total Equity, 1 Yr. Growth %	7.56	-5.72	-16.83	-1.76	3.77
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	23.49	15.55	-4.63	-9.69	1.05
Non Interest Income, 2 Yr. CAGR %	33.34	-48.73	-47.49	3.04	-15.45
Provision For Loan Losses, 2 Yr. CAGR %	-45.36	-16.71	-44.66	-40.42	136.04
Total Revenues, 2 Yr. CAGR %	27.84	3.69	-10.58	-4.37	0.88
Earnings From Cont. Operations, 2 Yr. CAGR %	46.71	-15.31	-39.53	-44.32	-27.08
Net Income, 2 Yr. CAGR %	46.71	-15.31	48.35	-50.95	-70.48
Normalized Net Income, 2 Yr. CAGR %	46.95	-14.87	-40.54	-43.65	-26.15
Diluted EPS Before Extra, 2 Yr. CAGR %	46.16	-14.79	-39.45	-44.22	-27.08
Gross Loans, 2 Yr. CAGR %	14.82	12.7	14.44	2	-5.64
Allowance For Loan Losses, 2 Yr. CAGR %	23.8	12.23	5.46	-6.88	-3.86
Net Loans, 2 Yr. CAGR %	14.72	12.7	14.55	2.11	-5.66
Non Performing Loans, 2 Yr. CAGR %	-	-	-	-	39.67
Non Performing Assets, 2 Yr. CAGR %	-	-	-	-	39.67
Total Assets, 2 Yr. CAGR %	23.42	8.32	5.92	-0.54	-2.92
Total Deposits, 2 Yr CAGR %	25.66	9.81	3.49	-2.92	-1.48
Tangible Book Value, 2 Yr. CAGR %	7.79	0.7	-11.45	-9.61	0.97
Common Equity, 2 Yr. CAGR %	7.79	0.7	-11.45	-9.61	0.97
Total Equity, 2 Yr. CAGR %	7.79	0.7	-11.45	-9.61	0.97
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	19.31	19.03	3.17	-3.4	-5.64
Non Interest Income, 3 Yr. CAGR %	67.33	-14.1	-41.2	-32.44	-12.12
Provision For Loan Losses, 3 Yr. CAGR %	-16.31	25.6	-68.25	33.07	-36.42
Total Revenues, 3 Yr. CAGR %	25.49	14.09	-1.83	-6.43	-3.14
Earnings From Cont. Operations, 3 Yr. CAGR %	41.01	12.16	-26.31	-49.08	-23
Net Income, 3 Yr. CAGR %	41.01	12.16	34.04	-45.98	-33.62
Normalized Net Income, 3 Yr. CAGR %	41.24	12.62	-27.11	-49.36	-22.17
Diluted EPS Before Extra, 3 Yr. CAGR %	40.35	12.38	-26.27	-49.03	-22.91
Gross Loans, 3 Yr. CAGR %	16.99	16.75	11.28	7.89	-1.14
Allowance For Loan Losses, 3 Yr. CAGR %	22.59	23.14	4.77	1.84	-5.5
Net Loans, 3 Yr. CAGR %	16.92	16.67	11.36	7.96	-1.09
Total Assets, 3 Yr. CAGR %	22.8	18.17	6.71	2.33	-0.81
Total Deposits, 3 Yr CAGR %	25.03	19.44	6.18	0.56	-1.23
Tangible Book Value, 3 Yr. CAGR %	6.82	3.09	-5.52	-8.33	-5.35
Common Equity, 3 Yr. CAGR %	6.82	3.09	-5.52	-8.33	-5.35
Total Equity, 3 Yr. CAGR %	6.82	3.09	-5.52	-8.33	-5.35
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	17.77	16.56	9.09	6.57	2.32
Non Interest Income, 5 Yr. CAGR %	12.9	2.3	5.25	-11.32	-32
Provision For Loan Losses, 5 Yr. CAGR %	-15.25	34.42	-29.07	-6.8	-29.17
Total Revenues, 5 Yr. CAGR %	17.66	14.25	9.58	6.01	-0.75
Earnings From Cont. Operations, 5 Yr. CAGR %	5.37	40.22	0.5	-22.24	-26.62
Net Income, 5 Yr. CAGR %	5.37	40.22	43.9	-19.44	-26.82
Normalized Net Income, 5 Yr. CAGR %	36.79	16.09	-0.08	-22.45	-26.73
Diluted EPS Before Extra, 5 Yr. CAGR %	-3.78	39.08	0.27	-22.32	-26.6
Gross Loans, 5 Yr. CAGR %	16.63	17.74	15.96	10.61	4.18
Allowance For Loan Losses, 5 Yr. CAGR %	18.01	20.14	15.43	10.11	1.23
Net Loans, 5 Yr. CAGR %	16.61	17.71	15.97	10.61	4.21
Total Assets, 5 Yr. CAGR %	20.07	18.87	15.74	10.3	2.75
Total Deposits, 5 Yr CAGR %	20.46	20.8	15.92	9.94	3.04
Tangible Book Value, 5 Yr. CAGR %	15.52	3.53	-0.9	-2.19	-2.98
Common Equity, 5 Yr. CAGR %	15.52	3.53	-0.9	-2.19	-2.98
Total Equity, 5 Yr. CAGR %	15.52	3.53	-0.9	-2.19	-2.98