Call reports 2008
VANTAGESOUTH BANK — 2008
What VANTAGESOUTH BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 880,939,000 | 921,382,000 | 955,407,000 | 968,085,000 |
| Total loans | 710,544,000 | 742,855,000 | 769,060,000 | 785,377,000 |
| Allowance for loan losses | 8,425,000 | 8,855,000 | 9,988,000 | 12,585,000 |
| Securities available for sale | 94,855,000 | 95,979,000 | 96,015,000 | 105,649,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 653,588,000 | 655,431,000 | 712,444,000 | 715,578,000 |
| Interest-bearing deposits | 587,491,000 | 589,855,000 | 676,876,000 | 651,487,000 |
| Noninterest-bearing deposits | 66,097,000 | 65,576,000 | 35,568,000 | 64,092,000 |
| Equity capital | 101,224,000 | 103,495,000 | 103,623,000 | 104,594,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 13,756,000 | 26,971,000 | 40,798,000 | 54,541,000 |
| Interest expense | 7,056,000 | 13,811,000 | 21,122,000 | 28,488,000 |
| Net interest income | 6,700,000 | 13,160,000 | 19,676,000 | 26,053,000 |
| Noninterest income | 770,000 | 1,529,000 | 2,549,000 | 3,557,000 |
| Noninterest expense | 4,988,000 | 10,044,000 | 15,077,000 | 19,837,000 |
| Provision for loan losses | 806,000 | 1,266,000 | 2,547,000 | 6,485,000 |
| Pretax income | 1,676,000 | 3,395,000 | 4,617,000 | 3,304,000 |
| Income tax | 563,000 | 1,143,000 | 1,507,000 | 837,000 |
| Net income | 1,113,000 | 2,252,000 | 3,110,000 | 2,467,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,218,000 | 72,396,000 | 73,370,000 | 72,693,000 |
| Total capital | 77,643,000 | 81,251,000 | 90,861,000 | 90,644,000 |
| Risk-weighted assets | 766,219,000 | 805,487,000 | 829,795,000 | 834,250,000 |
Machine access — free, no API key
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