Call reports 2017
BANK OF VERNON, THE — 2017
What BANK OF VERNON, THE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 143,537,000 | 144,528,000 | 144,569,000 | 143,750,000 |
| Total loans | 103,766,000 | 106,756,000 | 108,294,000 | 109,188,000 |
| Allowance for loan losses | 1,475,000 | 1,495,000 | 1,489,000 | 1,479,000 |
| Securities available for sale | 23,531,000 | 23,626,000 | 22,516,000 | 22,311,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 118,534,000 | 119,338,000 | 119,481,000 | 118,608,000 |
| Interest-bearing deposits | 95,783,000 | 93,614,000 | 93,152,000 | 92,990,000 |
| Noninterest-bearing deposits | 22,751,000 | 25,724,000 | 26,329,000 | 25,618,000 |
| Equity capital | 23,906,000 | 24,089,000 | 23,878,000 | 23,814,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,574,000 | 3,189,000 | 4,844,000 | 6,523,000 |
| Interest expense | 144,000 | 299,000 | 472,000 | 657,000 |
| Net interest income | 1,430,000 | 2,890,000 | 4,372,000 | 5,866,000 |
| Noninterest income | 220,000 | 328,000 | 717,000 | 889,000 |
| Noninterest expense | 1,144,000 | 2,303,000 | 3,308,000 | 4,422,000 |
| Provision for loan losses | 249,000 | 272,000 | 328,000 | 379,000 |
| Pretax income | 257,000 | 599,000 | 1,025,000 | 1,528,000 |
| Income tax | 90,000 | 223,000 | 398,000 | 518,000 |
| Net income | 167,000 | 376,000 | 627,000 | 1,010,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,870,000 | 23,919,000 | 23,864,000 | 23,940,000 |
| Total capital | 25,165,000 | 25,229,000 | 25,210,000 | 25,309,000 |
| Risk-weighted assets | 103,490,000 | 104,681,000 | 107,545,000 | 109,429,000 |