Call reports 2024
BANK OF VERNON, THE — 2024
What BANK OF VERNON, THE reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 335,638,000 | 339,382,000 | 360,439,000 | 363,582,000 |
| Total loans | 214,529,000 | 221,386,000 | 231,716,000 | 237,492,000 |
| Allowance for loan losses | 2,411,000 | 2,237,000 | 2,733,000 | 2,637,000 |
| Securities available for sale | 55,720,000 | 55,322,000 | 56,296,000 | 53,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 277,398,000 | 279,396,000 | 298,472,000 | 302,019,000 |
| Interest-bearing deposits | 207,796,000 | 213,006,000 | 222,422,000 | 233,306,000 |
| Noninterest-bearing deposits | 69,602,000 | 66,390,000 | 76,050,000 | 68,713,000 |
| Equity capital | 56,321,000 | 57,857,000 | 60,182,000 | 59,616,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,945,000 | 10,219,000 | 15,743,000 | 21,433,000 |
| Interest expense | 1,830,000 | 3,781,000 | 5,841,000 | 7,949,000 |
| Net interest income | 3,115,000 | 6,438,000 | 9,902,000 | 13,484,000 |
| Noninterest income | 392,000 | 816,000 | 1,176,000 | 1,894,000 |
| Noninterest expense | 1,930,000 | 3,770,000 | 5,939,000 | 8,895,000 |
| Provision for loan losses | 82,000 | 220,000 | 350,000 | 388,000 |
| Pretax income | 1,517,000 | 3,272,000 | 4,797,000 | 6,040,000 |
| Income tax | 407,000 | 813,000 | 1,255,000 | 1,533,000 |
| Net income | 1,110,000 | 2,459,000 | 3,542,000 | 4,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,384,000 | 62,733,000 | 63,776,000 | 64,384,000 |