Call reports 2020
BANK OF VERNON, THE — 2020
What BANK OF VERNON, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 173,799,000 | 193,386,000 | 194,886,000 | 205,878,000 |
| Total loans | 113,706,000 | 133,317,000 | 134,607,000 | 133,369,000 |
| Allowance for loan losses | 1,663,000 | 1,467,000 | 1,576,000 | 1,598,000 |
| Securities available for sale | 23,036,000 | 20,553,000 | 23,191,000 | 25,509,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,467,000 | 165,373,000 | 167,315,000 | 177,376,000 |
| Interest-bearing deposits | 117,509,000 | 125,377,000 | 126,582,000 | 130,075,000 |
| Noninterest-bearing deposits | 28,958,000 | 39,996,000 | 40,733,000 | 47,301,000 |
| Equity capital | 26,496,000 | 26,550,000 | 26,824,000 | 27,404,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,873,000 | 3,667,000 | 5,574,000 | 7,404,000 |
| Interest expense | 426,000 | 751,000 | 1,054,000 | 1,337,000 |
| Net interest income | 1,447,000 | 2,916,000 | 4,520,000 | 6,067,000 |
| Noninterest income | 245,000 | 1,115,000 | 1,475,000 | 1,566,000 |
| Noninterest expense | 1,183,000 | 2,372,000 | 3,626,000 | 5,066,000 |
| Provision for loan losses | -1,000 | 31,000 | 100,000 | 120,000 |
| Pretax income | 510,000 | 1,617,000 | 2,258,000 | 2,436,000 |
| Income tax | 166,000 | 423,000 | 642,000 | 649,000 |
| Net income | 344,000 | 1,194,000 | 1,616,000 | 1,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,348,000 | 26,057,000 | 26,337,000 | 26,895,000 |
| Total capital | 27,838,000 | — | — | — |
| Risk-weighted assets | 119,056,000 | — | — | — |