Call reports 2021
VALLEY REPUBLIC BANK — 2021
What VALLEY REPUBLIC BANK 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 | 1,349,301,000 | 1,364,944,000 | 1,410,288,000 | 1,378,618,000 |
| Total loans | 987,973,000 | 903,661,000 | 885,903,000 | 829,196,000 |
| Allowance for loan losses | 10,999,000 | 11,124,000 | 11,124,000 | 11,124,000 |
| Securities available for sale | 201,193,000 | 231,429,000 | 234,925,000 | 227,801,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,200,070,000 | 1,213,210,000 | 1,254,908,000 | 1,219,527,000 |
| Interest-bearing deposits | 750,285,000 | 799,598,000 | 827,965,000 | 796,859,000 |
| Noninterest-bearing deposits | 449,785,000 | 413,612,000 | 426,943,000 | 422,668,000 |
| Equity capital | 132,710,000 | 139,783,000 | 143,501,000 | 145,608,000 |
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 | 10,246,000 | 21,736,000 | 31,918,000 | 44,558,000 |
| Interest expense | 401,000 | 839,000 | 1,287,000 | 1,713,000 |
| Net interest income | 9,845,000 | 20,897,000 | 30,631,000 | 42,845,000 |
| Noninterest income | 506,000 | 1,420,000 | 2,025,000 | 2,988,000 |
| Noninterest expense | 4,271,000 | 8,874,000 | 13,407,000 | 19,319,000 |
| Provision for loan losses | 375,000 | 500,000 | 500,000 | 500,000 |
| Pretax income | 5,717,000 | 12,956,000 | 18,762,000 | 26,041,000 |
| Income tax | 1,572,000 | 3,819,000 | 5,437,000 | 7,416,000 |
| Net income | 4,145,000 | 9,137,000 | 13,325,000 | 18,625,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 131,730,000 | 137,021,000 | 141,524,000 | 144,637,000 |