Call reports 2021
NORTHERN STATE BANK OF VIRGINIA — 2021
What NORTHERN STATE BANK OF VIRGINIA 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 | 88,365,000 | 87,380,000 | 90,542,000 | 90,779,000 |
| Total loans | 52,812,000 | 49,993,000 | 46,066,000 | 45,995,000 |
| Allowance for loan losses | 517,000 | 517,000 | 517,000 | 517,000 |
| Securities available for sale | 20,547,000 | 22,512,000 | 25,067,000 | 28,163,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,990,000 | 77,853,000 | 80,949,000 | 81,413,000 |
| Interest-bearing deposits | 58,349,000 | 57,165,000 | 59,099,000 | 61,554,000 |
| Noninterest-bearing deposits | 20,641,000 | 20,688,000 | 21,850,000 | 19,859,000 |
| Equity capital | 9,098,000 | 9,257,000 | 9,366,000 | 9,210,000 |
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 | 852,000 | 1,645,000 | 2,420,000 | 3,061,000 |
| Interest expense | 43,000 | 80,000 | 116,000 | 150,000 |
| Net interest income | 809,000 | 1,565,000 | 2,304,000 | 2,911,000 |
| Noninterest income | 30,000 | 63,000 | 109,000 | 180,000 |
| Noninterest expense | 489,000 | 1,036,000 | 1,572,000 | 2,174,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 350,000 | 592,000 | 841,000 | 917,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 350,000 | 592,000 | 841,000 | 917,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,855,000 | 8,017,000 | 8,186,000 | 8,225,000 |
| Total capital | 8,372,000 | — | 8,703,000 | — |
| Risk-weighted assets | 52,822,000 | — | 50,945,000 | — |