Call reports 2016
BANK OF VERNON, THE — 2016
What BANK OF VERNON, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 144,747,000 | 145,026,000 | 143,155,000 | 143,164,000 |
| Total loans | 100,974,000 | 103,951,000 | 102,849,000 | 104,408,000 |
| Allowance for loan losses | 1,828,000 | 1,815,000 | 1,762,000 | 1,659,000 |
| Securities available for sale | 23,945,000 | 25,945,000 | 24,702,000 | 24,015,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,274,000 | 120,061,000 | 118,072,000 | 118,162,000 |
| Interest-bearing deposits | 97,879,000 | 98,120,000 | 96,476,000 | 95,642,000 |
| Noninterest-bearing deposits | 22,395,000 | 21,941,000 | 21,596,000 | 22,520,000 |
| Equity capital | 23,227,000 | 23,666,000 | 23,954,000 | 23,879,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,631,000 | 3,262,000 | 4,943,000 | 6,547,000 |
| Interest expense | 153,000 | 307,000 | 459,000 | 612,000 |
| Net interest income | 1,478,000 | 2,955,000 | 4,484,000 | 5,935,000 |
| Noninterest income | 119,000 | 268,000 | 341,000 | 475,000 |
| Noninterest expense | 1,016,000 | 2,089,000 | 3,060,000 | 4,102,000 |
| Provision for loan losses | 106,000 | 181,000 | 218,000 | 343,000 |
| Pretax income | 475,000 | 913,000 | 1,393,000 | 1,811,000 |
| Income tax | 185,000 | 314,000 | 488,000 | 668,000 |
| Net income | 290,000 | 599,000 | 905,000 | 1,143,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,106,000 | 23,415,000 | 23,694,000 | 23,932,000 |
| Total capital | 24,398,000 | 24,738,000 | 24,995,000 | 25,252,000 |
| Risk-weighted assets | 102,869,000 | 105,417,000 | 103,650,000 | 105,292,000 |