Grand River Commerce, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 11, 2019
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Grand River Commerce, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net interest income was USD 2.198 million compared to USD 1.950 million a year ago. Net income was USD 261,000 compared to USD 272,000 a year ago. For the half year, net interest income was USD 4.237 million compared to USD 3.914 million a year ago. Net income was USD 614,000 compared to USD 521,000 a year ago.
Grand River Commerce, Inc. is a holding company. The Company operates through its subsidiary, Grand River Bank (the Bank). The Bank is a full-service commercial bank, serving the communities of Grandville, Grand Rapids and the surrounding areas in Kent and Ottawa counties in Michigan, offering a range of commercial and consumer banking services to businesses, professionals, and residents. The Bankâs primary deposit products are interest and noninterest-bearing checking accounts, savings accounts and time deposits and its primary lending products are real estate mortgages, commercial and consumer loans. The majority of the Bankâs loan portfolio is comprised of commercial real estate and commercial and industrial loans. Grand River Mortgage Company, LLC (GRMC) is a wholly owned subsidiary of the Bank, which is a direct-to-consumer national mortgage lender that has built a digital platform designed to simplify the mortgage experience.
GRAND RIVER COMMERCE, INC. 
