Call reports 2021
BANK OF VERNON, THE — 2021
What BANK OF VERNON, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 216,844,000 | 220,510,000 | 220,583,000 | 225,653,000 |
| Total loans | 132,910,000 | 132,653,000 | 130,672,000 | 129,164,000 |
| Allowance for loan losses | 1,617,000 | 1,741,000 | 2,227,000 | 2,097,000 |
| Securities available for sale | 28,125,000 | 32,358,000 | 31,825,000 | 38,196,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,480,000 | 191,792,000 | 190,852,000 | 196,239,000 |
| Interest-bearing deposits | 133,892,000 | 137,359,000 | 140,256,000 | 140,976,000 |
| Noninterest-bearing deposits | 54,588,000 | 54,433,000 | 50,596,000 | 55,263,000 |
| Equity capital | 27,126,000 | 27,361,000 | 28,490,000 | 28,840,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,774,000 | 3,578,000 | 5,967,000 | 7,912,000 |
| Interest expense | 259,000 | 503,000 | 738,000 | 958,000 |
| Net interest income | 1,515,000 | 3,075,000 | 5,229,000 | 6,954,000 |
| Noninterest income | 429,000 | 926,000 | 2,660,000 | 2,961,000 |
| Noninterest expense | 1,254,000 | 2,586,000 | 3,992,000 | 5,608,000 |
| Provision for loan losses | 83,000 | 257,000 | 757,000 | 757,000 |
| Pretax income | 607,000 | 1,158,000 | 3,140,000 | 3,543,000 |
| Income tax | 211,000 | 411,000 | 1,023,000 | 763,000 |
| Net income | 396,000 | 747,000 | 2,117,000 | 2,780,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,007,000 | 27,107,000 | 28,213,000 | 28,876,000 |