Grand River Commerce, Inc. (GNRV)

Grand River Commerce Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	48.04	46.62	23.51	21.98	46.83	84.32
Investment Securities	16.32	6.9	5.3	5.66	5.99	5.87
Mortgage-Backed Securities	-	9.95	7.13	8.22	9.05	12.23
Total Investments	16.32	16.85	12.43	13.88	15.04	18.1
Gross Loans	437.99	445.66	479.96	500.54	461.29	382.21
Allowance for Loan Losses	-5	-5	-5.14	-5.41	-5.93	-4.87
Net Loans	432.99	440.66	474.82	495.13	455.36	377.34
Property, Plant & Equipment	1.02	2.38	3.05	3.81	4.16	4.54
Loans Held for Sale	1.22	0.73	0.5	1.26	0.27	1.01
Accrued Interest Receivable	4.23	1.53	1.49	1.55	1.27	0.88
Other Current Assets	0.01	0.01	0.02	3.35	2.61	-
Long-Term Deferred Tax Assets	3.77	3.91	4.18	4.05	2.19	1
Other Long-Term Assets	-	2.14	2.26	2.23	1.87	1.79
Total Assets	511.66	517.47	524.51	549.08	530.25	489.45
Interest Bearing Deposits	350.71	324.05	309.58	322.71	292.51	287.43
Institutional Deposits	-	32.72	35.72	39.56	44.74	32.53
Non-Interest Bearing Deposits	88.19	88.03	89.83	96	124.42	107.9
Total Deposits	438.9	444.8	435.12	458.28	461.67	427.86
Current Portion of Long-Term Debt	-	10	18	17	10	-
Current Portion of Leases	-	0.28	-	-	-	-
Accrued Interest Payable	2.85	0.73	0.69	0.95	0.26	0.06
Other Current Liabilities	-	0.34	0.34	0.98	0.51	-
Long-Term Debt	15.72	15.68	15.53	15.37	8.05	8.02
Federal Home Loan Bank Debt, Long-Term	17.5	7.5	17.5	17.5	4.5	4.5
Long-Term Leases	-	1.06	1.7	2.2	2.1	2.2
Other Long-Term Liabilities	-	0.77	0.63	1.18	0.32	1.38
Total Liabilities	474.97	481.15	489.51	513.45	487.41	444.02
Common Stock	0.07	0.07	0.07	0.07	0.07	0.07
Additional Paid-In Capital	40.99	40.99	40.99	40.99	41.16	39.49
Retained Earnings	-2.99	-3.37	-4	-3.48	3.82	6
Comprehensive Income & Other	-1.38	-1.37	-2.06	-1.96	-2.21	-0.12
Shareholders' Equity	36.69	36.32	35	35.63	42.84	45.44
Total Liabilities & Equity	511.66	517.47	524.51	549.08	530.25	489.45
Total Debt	33.22	34.52	52.73	52.07	24.65	14.72
Net Cash (Debt)	14.81	12.1	-29.21	-30.09	22.18	69.6
Net Cash Growth	-	-	-	-	-68.13%	45.57%
Net Cash Per Share	2.10	1.72	-4.15	-4.27	3.16	9.80
Filing Date Shares Outstanding	7.04	7.04	7.04	7.04	7.03	6.73
Total Common Shares Outstanding	7.04	7.04	7.04	7.04	7.03	6.73
Book Value Per Share	5.21	5.16	4.97	5.06	6.10	6.75
Tangible Book Value	36.69	36.32	35	35.63	42.84	45.44
Tangible Book Value Per Share	5.21	5.16	4.97	5.06	6.10	6.75

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