Call reports 2014
BANK OF VERNON, THE — 2014
What BANK OF VERNON, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 143,590,000 | 142,592,000 | 140,640,000 | 140,697,000 |
| Total loans | 99,023,000 | 99,663,000 | 99,662,000 | 103,088,000 |
| Allowance for loan losses | 1,941,000 | 2,192,000 | 2,198,000 | 2,381,000 |
| Securities available for sale | 22,306,000 | 18,888,000 | 19,340,000 | 17,618,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,673,000 | 120,105,000 | 118,106,000 | 117,615,000 |
| Interest-bearing deposits | 102,646,000 | 100,476,000 | 99,882,000 | 98,149,000 |
| Noninterest-bearing deposits | 18,027,000 | 19,629,000 | 18,224,000 | 19,466,000 |
| Equity capital | 20,816,000 | 21,166,000 | 21,331,000 | 21,642,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,636,000 | 3,416,000 | 5,095,000 | 6,736,000 |
| Interest expense | 235,000 | 459,000 | 676,000 | 888,000 |
| Net interest income | 1,401,000 | 2,957,000 | 4,419,000 | 5,848,000 |
| Noninterest income | 433,000 | 469,000 | 374,000 | 698,000 |
| Noninterest expense | 1,106,000 | 2,164,000 | 3,182,000 | 4,225,000 |
| Provision for loan losses | 414,000 | 616,000 | 637,000 | 860,000 |
| Pretax income | 314,000 | 646,000 | 1,017,000 | 1,504,000 |
| Income tax | 121,000 | 232,000 | 369,000 | 545,000 |
| Net income | 193,000 | 414,000 | 648,000 | 959,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,961,000 | 20,475,000 | 20,803,000 | 21,318,000 |
| Total capital | 21,306,000 | 21,814,000 | 22,138,000 | 22,647,000 |
| Risk-weighted assets | 107,007,000 | 106,265,000 | 105,904,000 | 105,238,000 |