Grand River Commerce Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	53.61	23.51	21.98	46.83	84.32	73.14
Investment Securities	17.14	5.3	5.66	5.99	5.87	0.51
Mortgage-Backed Securities	-	7.13	8.22	9.05	12.23	6.96
Total Investments	17.14	12.43	13.88	15.04	18.1	7.47
Gross Loans	443.52	479.96	500.54	461.29	382.21	363.21
Allowance for Loan Losses	-5.07	-5.14	-5.41	-5.93	-4.87	-4.71
Net Loans	438.45	474.82	495.13	455.36	377.34	358.5
Property, Plant & Equipment	1.15	3.05	3.81	4.16	4.54	1.15
Loans Held for Sale	1.2	0.5	1.26	0.27	1.01	7.39
Accrued Interest Receivable	3.72	1.49	1.55	1.27	0.88	1.01
Other Current Assets	0.01	0.02	3.35	2.61	-	-
Long-Term Deferred Tax Assets	3.97	4.18	4.05	2.19	1	1.17
Other Long-Term Assets	4.07	2.26	2.23	1.87	1.79	1.62
Total Assets	523.32	524.51	549.08	530.25	489.45	451.92
Interest Bearing Deposits	367.99	309.58	322.71	292.51	287.43	234.26
Institutional Deposits	-	35.72	39.56	44.74	32.53	57.11
Non-Interest Bearing Deposits	83.1	89.83	96	124.42	107.9	91.5
Total Deposits	451.09	435.12	458.28	461.67	427.86	382.86
Current Portion of Long-Term Debt	-	18	17	10	-	-
Current Portion of Leases	-	0.44	-	-	-	-
Accrued Interest Payable	2.88	0.69	0.95	0.26	0.06	0.11
Other Current Liabilities	0.34	0.34	0.98	0.51	-	-
Long-Term Debt	33.14	15.53	15.37	8.05	8.02	20.82
Federal Home Loan Bank Debt, Long-Term	-	17.5	17.5	4.5	4.5	4.5
Long-Term Leases	-	1.31	2.2	2.1	2.2	-
Other Long-Term Liabilities	-	0.58	1.18	0.32	1.38	1.38
Total Liabilities	487.45	489.51	513.45	487.41	444.02	409.68
Common Stock	0.07	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	40.99	40.99	40.99	41.16	39.49	39.32
Retained Earnings	-3.67	-4	-3.48	3.82	6	2.68
Comprehensive Income & Other	-1.53	-2.06	-1.96	-2.21	-0.12	0.18
Shareholders' Equity	35.86	35	35.63	42.84	45.44	42.24
Total Liabilities & Equity	523.32	524.51	549.08	530.25	489.45	451.92
Total Debt	33.14	52.78	52.07	24.65	14.72	25.32
Net Cash (Debt)	20.47	-29.27	-30.09	22.18	69.6	47.81
Net Cash Growth	-	-	-	-68.13%	45.57%	351.50%
Net Cash Per Share	2.24	-3.92	-4.27	3.16	9.80	6.76
Filing Date Shares Outstanding	7.04	7.04	7.04	7.03	6.73	6.73
Total Common Shares Outstanding	7.04	7.04	7.04	7.03	6.73	6.73
Book Value Per Share	5.09	4.97	5.06	6.10	6.75	6.28
Tangible Book Value	35.86	35	35.63	42.84	45.44	42.24
Tangible Book Value Per Share	5.09	4.97	5.06	6.10	6.75	6.28

Source: S&P Global Market Intelligence. Banks template. Financial Sources.