Call reports 2016
NORTHERN STATE BANK OF VIRGINIA — 2016
What NORTHERN STATE BANK OF VIRGINIA reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 59,892,000 | 60,753,000 | 61,900,000 | 66,243,000 |
| Total loans | 42,603,000 | 43,451,000 | 44,867,000 | 45,957,000 |
| Allowance for loan losses | 530,000 | 560,000 | 562,000 | 560,000 |
| Securities available for sale | 3,094,000 | 3,611,000 | 3,458,000 | 3,385,000 |
| Securities held to maturity | 1,491,000 | 1,487,000 | 1,484,000 | 981,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,207,000 | 56,163,000 | 57,209,000 | 61,511,000 |
| Interest-bearing deposits | 47,458,000 | 48,024,000 | 49,214,000 | 48,608,000 |
| Noninterest-bearing deposits | 7,749,000 | 8,139,000 | 7,995,000 | 12,903,000 |
| Equity capital | 4,650,000 | 4,524,000 | 4,632,000 | 4,677,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 570,000 | 1,189,000 | 1,842,000 | 2,494,000 |
| Interest expense | 42,000 | 84,000 | 125,000 | 165,000 |
| Net interest income | 528,000 | 1,105,000 | 1,717,000 | 2,329,000 |
| Noninterest income | 34,000 | 73,000 | 125,000 | 169,000 |
| Noninterest expense | 506,000 | 1,063,000 | 1,595,000 | 2,111,000 |
| Provision for loan losses | 5,000 | 210,000 | 225,000 | 286,000 |
| Pretax income | 51,000 | -95,000 | 22,000 | 101,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 51,000 | -95,000 | 22,000 | 101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,660,000 | 4,515,000 | 4,632,000 | 4,710,000 |
| Total capital | 5,128,000 | 4,990,000 | 5,122,000 | 5,215,000 |
| Risk-weighted assets | 37,428,000 | 37,984,000 | 39,137,000 | 40,348,000 |