Call reports 2009
VANTAGESOUTH BANK — 2009
What VANTAGESOUTH BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 1,091,968,000 | 1,073,187,000 | 1,063,181,000 | 1,032,307,000 |
| Total loans | 787,657,000 | 775,301,000 | 771,996,000 | 759,348,000 |
| Allowance for loan losses | 13,855,000 | 13,144,000 | 13,782,000 | 17,567,000 |
| Securities available for sale | 197,958,000 | 193,764,000 | 198,309,000 | 193,122,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 741,884,000 | 716,964,000 | 723,871,000 | 724,517,000 |
| Interest-bearing deposits | 727,632,000 | 701,975,000 | 705,351,000 | 711,048,000 |
| Noninterest-bearing deposits | 14,252,000 | 14,989,000 | 18,520,000 | 13,469,000 |
| Equity capital | 118,146,000 | 119,210,000 | 121,845,000 | 95,806,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 14,120,000 | 28,259,000 | 42,394,000 | 56,437,000 |
| Interest expense | 6,917,000 | 13,777,000 | 20,444,000 | 26,703,000 |
| Net interest income | 7,203,000 | 14,482,000 | 21,950,000 | 29,734,000 |
| Noninterest income | 906,000 | 1,805,000 | 2,749,000 | 3,775,000 |
| Noninterest expense | 5,560,000 | 11,811,000 | 17,665,000 | 53,781,000 |
| Provision for loan losses | 1,697,000 | 2,829,000 | 4,787,000 | 11,526,000 |
| Pretax income | 664,000 | 1,240,000 | 1,950,000 | -31,532,000 |
| Income tax | 72,000 | 85,000 | 149,000 | -1,327,000 |
| Net income | 592,000 | 1,155,000 | 1,801,000 | -30,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,139,000 | 86,799,000 | 87,472,000 | 93,415,000 |
| Total capital | 104,353,000 | 104,928,000 | 105,588,000 | 111,463,000 |
| Risk-weighted assets | 853,969,000 | 847,793,000 | 846,142,000 | 836,815,000 |
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