Call reports 2023
VERMONT STATE BANK — 2023
What VERMONT STATE BANK 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 | 24,242,000 | 25,033,000 | 25,337,000 | 25,446,000 |
| Total loans | 17,052,000 | 16,269,000 | 15,528,000 | 15,286,000 |
| Allowance for loan losses | 644,000 | 579,000 | 609,000 | 628,000 |
| Securities available for sale | 2,189,000 | 2,137,000 | 2,067,000 | 1,631,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,829,000 | 19,149,000 | 18,005,000 | 18,043,000 |
| Interest-bearing deposits | 15,564,000 | 14,124,000 | 12,882,000 | 12,744,000 |
| Noninterest-bearing deposits | 4,265,000 | 5,025,000 | 5,123,000 | 5,299,000 |
| Equity capital | 3,329,000 | 4,282,000 | 5,719,000 | 5,745,000 |
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 | 254,000 | 525,000 | 809,000 | 1,099,000 |
| Interest expense | 66,000 | 141,000 | 227,000 | 313,000 |
| Net interest income | 188,000 | 384,000 | 582,000 | 786,000 |
| Noninterest income | 215,000 | 629,000 | 1,111,000 | 2,036,000 |
| Noninterest expense | 433,000 | 1,165,000 | 1,930,000 | 3,218,000 |
| Provision for loan losses | 71,000 | 161,000 | 191,000 | 91,000 |
| Pretax income | -101,000 | -313,000 | -428,000 | -487,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -101,000 | -313,000 | -428,000 | -487,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,251,000 | 4,239,000 | 5,724,000 | 5,665,000 |
| Total capital | 3,423,000 | 4,405,000 | 5,909,000 | 5,842,000 |
| Risk-weighted assets | 13,270,000 | 13,107,000 | 14,609,000 | 13,897,000 |