Call reports 2014
NORTHERN STATE BANK OF VIRGINIA — 2014
What NORTHERN STATE BANK OF VIRGINIA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 57,912,000 | 56,565,000 | 57,606,000 | 59,386,000 |
| Total loans | 43,489,000 | 44,166,000 | 43,596,000 | 44,788,000 |
| Allowance for loan losses | 665,000 | 680,000 | 700,000 | 700,000 |
| Securities available for sale | 1,989,000 | 1,494,000 | 987,000 | 988,000 |
| Securities held to maturity | 4,220,000 | 3,977,000 | 3,973,000 | 4,190,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,375,000 | 50,967,000 | 52,958,000 | 54,682,000 |
| Interest-bearing deposits | 45,942,000 | 44,197,000 | 45,531,000 | 47,126,000 |
| Noninterest-bearing deposits | 6,433,000 | 6,770,000 | 7,427,000 | 7,556,000 |
| Equity capital | 4,486,000 | 4,554,000 | 4,600,000 | 4,663,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 585,000 | 1,202,000 | 1,803,000 | 2,416,000 |
| Interest expense | 48,000 | 94,000 | 139,000 | 181,000 |
| Net interest income | 537,000 | 1,108,000 | 1,664,000 | 2,235,000 |
| Noninterest income | 43,000 | 95,000 | 112,000 | 84,000 |
| Noninterest expense | 520,000 | 1,068,000 | 1,571,000 | 2,050,000 |
| Provision for loan losses | 15,000 | 30,000 | 50,000 | 54,000 |
| Pretax income | 45,000 | 105,000 | 155,000 | 215,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 45,000 | 105,000 | 155,000 | 215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,510,000 | 4,569,000 | 4,620,000 | 4,679,000 |
| Total capital | 5,003,000 | 5,064,000 | 5,112,000 | 5,177,000 |
| Risk-weighted assets | 39,235,000 | 39,400,000 | 39,134,000 | 39,611,000 |