Grand River Commerce Inc
Grand River Commerce, Inc. operates as the bank holding company for Grand River Bank that provides various commercial and consumer banking products and services to businesses, professionals, and residents in Michigan. It operates through Commercial and Industrial; Commercial Real Estate; and Consumer segments. The company offers interest and noninterest-bearing checking accounts, savings accounts… Read more
Grand River Commerce Inc (GNRV) - Net Assets
Latest net assets as of June 2025: $35.51 Million USD
Based on the latest financial reports, Grand River Commerce Inc (GNRV) has net assets worth $35.51 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($512.34 Million) and total liabilities ($476.83 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $35.51 Million |
| % of Total Assets | 6.93% |
| Annual Growth Rate | 7.2% |
| 5-Year Change | -17.15% |
| 10-Year Change | 79.65% |
| Growth Volatility | 169.44 |
Grand River Commerce Inc - Net Assets Trend (2009–2024)
This chart illustrates how Grand River Commerce Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grand River Commerce Inc (2009–2024)
The table below shows the annual net assets of Grand River Commerce Inc from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $35.00 Million | -1.76% |
| 2023-12-31 | $35.63 Million | -16.83% |
| 2022-12-31 | $42.84 Million | -5.72% |
| 2021-12-31 | $45.44 Million | +7.56% |
| 2020-12-31 | $42.24 Million | +8.03% |
| 2019-12-31 | $39.10 Million | +4.90% |
| 2018-12-31 | $37.28 Million | +3.48% |
| 2017-12-31 | $36.02 Million | +63.08% |
| 2016-12-31 | $22.09 Million | +13.39% |
| 2015-12-31 | $19.48 Million | +625.86% |
| 2014-12-31 | $2.68 Million | -74.10% |
| 2011-12-31 | $10.36 Million | -5.99% |
| 2010-12-31 | $11.02 Million | -10.69% |
| 2009-12-31 | $12.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grand River Commerce Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 89827800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $39.00 Million | 111.43% |
| Total Equity | $35.00 Million | 100.00% |
Grand River Commerce Inc Competitors by Market Cap
The table below lists competitors of Grand River Commerce Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iofina plc
PINK:IOFNF
|
$25.73 Million |
|
Vine Hill Capital Investment Corp. Warrant
NASDAQ:VCICW
|
$25.73 Million |
|
Forward Graphic Enterprise Co Ltd
TWO:8906
|
$25.75 Million |
|
Noodles & Company
NASDAQ:NDLS
|
$25.75 Million |
|
HNO International Inc
PINK:HNOI
|
$25.72 Million |
|
Beijing JIAYU Door Window Curtain
SHE:300117
|
$25.72 Million |
|
LabGenomics Co. Ltd
KQ:084650
|
$25.72 Million |
|
Hiroca Holdings Ltd
TW:1338
|
$25.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grand River Commerce Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,628,000 to 35,000,000, a change of -628,000 (-1.8%).
- Net loss of 523,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-523.00K | -1.49% |
| Other Changes | $-105.00K | -0.3% |
| Total Change | $- | -1.76% |
Book Value vs Market Value Analysis
This analysis compares Grand River Commerce Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $3.85 | x |
| 2016-12-31 | $0.00 | $3.85 | x |
| 2017-12-31 | $0.00 | $3.85 | x |
| 2018-12-31 | $5.54 | $3.85 | x |
| 2019-12-31 | $5.81 | $3.85 | x |
| 2020-12-31 | $6.28 | $3.85 | x |
| 2021-12-31 | $6.75 | $3.85 | x |
| 2022-12-31 | $6.10 | $3.85 | x |
| 2023-12-31 | $5.06 | $3.85 | x |
| 2024-12-31 | $4.97 | $3.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grand River Commerce Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.96%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 14.99x
- Recent ROE (-1.49%) is above the historical average (-1.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -13.04% | -645.23% | 0.01x | 2.42x | $-2.84 Million |
| 2010 | -12.35% | -80.29% | 0.03x | 4.70x | $-2.46 Million |
| 2011 | -7.38% | -25.75% | 0.04x | 7.68x | $-1.80 Million |
| 2014 | -1.08% | -3.98% | 0.03x | 7.80x | $-297.40K |
| 2015 | 1.85% | 6.33% | 0.04x | 8.20x | $-1.59 Million |
| 2016 | 11.56% | 33.10% | 0.04x | 8.88x | $344.90K |
| 2017 | 1.11% | 5.03% | 0.04x | 6.20x | $-3.20 Million |
| 2018 | 3.17% | 13.66% | 0.03x | 7.09x | $-2.54 Million |
| 2019 | 3.94% | 14.43% | 0.03x | 8.22x | $-2.37 Million |
| 2020 | 7.17% | 19.50% | 0.03x | 10.70x | $-1.19 Million |
| 2021 | 7.30% | 19.82% | 0.03x | 10.77x | $-1.23 Million |
| 2022 | -5.07% | -13.67% | 0.03x | 12.38x | $-6.46 Million |
| 2023 | -20.49% | -55.28% | 0.02x | 15.41x | $-10.86 Million |
| 2024 | -1.49% | -3.96% | 0.03x | 14.99x | $-4.02 Million |
Industry Comparison
This section compares Grand River Commerce Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grand River Commerce Inc (GNRV) | $35.51 Million | -13.04% | 13.43x | $25.72 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |