Grand River Commerce (Grand River Commerce) Credit Losses Provision : $-0.05 Mil (As of Dec. 2023)

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What is Grand River Commerce Credit Losses Provision?

Grand River Commerce's credit losses provision for the three months ended in Dec. 2023 was $0.04 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.05 Mil.

Grand River Commerce's quarterly credit losses provision declined from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($-0.09 Mil) but then increased from Sep. 2023 ($-0.09 Mil) to Dec. 2023 ($0.04 Mil).

Grand River Commerce's annual credit losses provision increased from Dec. 2021 ($0.16 Mil) to Dec. 2022 ($1.06 Mil) but then declined from Dec. 2022 ($1.06 Mil) to Dec. 2023 ($-0.05 Mil).

Grand River Commerce Credit Losses Provision Historical Data

The historical data trend for Grand River Commerce's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grand River Commerce Credit Losses Provision Chart

Grand River Commerce Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.54

1.53

0.16

1.06

-0.05

Grand River Commerce Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															0.44	-	-	-0.09	0.04

Grand River Commerce Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

Grand River Commerce (Grand River Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grand River Commerce Inc (OTCPK:GNRV) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

4471 Wilson Avenue, South West, Grandville, MI, USA, 49418

Website

https://www.grandriverbank.com

Grand River Commerce Inc is a United States based bank holding company. It operates a full-service commercial bank and offers a range of commercial and consumer banking services to businesses, professionals, and local residents. The bank's deposit products are Interest and Non-interest bearing checking accounts, Savings accounts and Time deposits, and its primary lending products are Real estate mortgages, Commercial and Consumer loans. The company's prime source of revenue is the interest income.

Executives

Patrick K Gill	officer: PRES/CEO - Grand River Bank
Thomas Patrick Jeakle	director	333 BRIDGE NW, 11TH FLOOR, GRAND RAPIDS MI 49504
Randall L Hartgerink	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Ted Kortes	director	PO BOX 100, MT. PLEASANT MI 48804-0100
Blauw Richard James Jr	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Roger Lee Roode	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jerry Andrew Sytsma	director, officer: VICE PRESIDENT, SECRETARY	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Robert Paul Bilotti	director, officer: CHAIRMAN, PRESIDENT AND CEO	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jeffrey Alan Elders	director, officer: Treasurer	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
David Kenneth Hovingh	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Cheryl Mae Blouw	director	4471 WISLON AVENUE SW, GRANDVILLE MI 49418
David Harold Blossey	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Lawrence Barcley Fitch	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Elizabeth Claire Bracken	officer: Chief Financial Officer	4471 WILSON AVE. SW, GRANDVILLE MI 49418
Mark Arden Martis	officer: CLO for Grand River Bank	4471 WILSON AVE SW, GRANDVILLE MI 49418

Grand River Commerce (Grand River Commerce) Headlines

From GuruFocus

Grand River Commerce, Inc. to Webcast Live at VirtualInvestorConferences.com September 26th

By PRNewswire PRNewswire • 09-23-2019