Call reports 2023
BANK OF VERNON, THE — 2023
What BANK OF VERNON, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 293,357,000 | 299,884,000 | 318,143,000 | 327,287,000 |
| Total loans | 194,015,000 | 201,923,000 | 205,666,000 | 212,222,000 |
| Allowance for loan losses | 3,040,000 | 3,063,000 | 2,193,000 | 2,330,000 |
| Securities available for sale | 63,385,000 | 59,548,000 | 56,371,000 | 57,756,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 244,964,000 | 250,790,000 | 263,069,000 | 270,068,000 |
| Interest-bearing deposits | 174,281,000 | 179,121,000 | 194,055,000 | 203,003,000 |
| Noninterest-bearing deposits | 70,683,000 | 71,669,000 | 69,014,000 | 67,065,000 |
| Equity capital | 47,377,000 | 48,129,000 | 53,169,000 | 55,578,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 3,479,000 | 7,466,000 | 11,779,000 | 16,616,000 |
| Interest expense | 836,000 | 2,012,000 | 3,443,000 | 5,141,000 |
| Net interest income | 2,643,000 | 5,454,000 | 8,336,000 | 11,475,000 |
| Noninterest income | 373,000 | 773,000 | 7,361,000 | 8,205,000 |
| Noninterest expense | 1,693,000 | 3,454,000 | 5,612,000 | 7,897,000 |
| Provision for loan losses | 116,000 | 224,000 | 368,000 | 488,000 |
| Pretax income | 1,207,000 | 2,549,000 | 9,710,000 | 11,274,000 |
| Income tax | 295,000 | 707,000 | 1,783,000 | 2,571,000 |
| Net income | 912,000 | 1,842,000 | 7,927,000 | 8,703,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,460,000 | 53,872,000 | 59,958,000 | 60,506,000 |