Call reports 2010
VANTAGESOUTH BANK — 2010
What VANTAGESOUTH BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,010,566,000 | 984,928,000 | 971,676,000 | 972,247,000 |
| Total loans | 744,622,000 | 710,759,000 | 696,488,000 | 682,494,000 |
| Allowance for loan losses | 16,807,000 | 18,348,000 | 18,049,000 | 20,702,000 |
| Securities available for sale | 188,609,000 | 186,129,000 | 186,561,000 | 181,916,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 715,223,000 | 723,128,000 | 719,582,000 | 726,591,000 |
| Interest-bearing deposits | 704,930,000 | 706,424,000 | 708,089,000 | 716,707,000 |
| Noninterest-bearing deposits | 10,293,000 | 16,704,000 | 11,493,000 | 9,884,000 |
| Equity capital | 97,175,000 | 94,216,000 | 91,083,000 | 84,851,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 13,480,000 | 26,904,000 | 39,218,000 | 51,004,000 |
| Interest expense | 5,866,000 | 11,584,000 | 16,949,000 | 21,933,000 |
| Net interest income | 7,614,000 | 15,320,000 | 22,269,000 | 29,071,000 |
| Noninterest income | 955,000 | 1,138,000 | 2,341,000 | 3,837,000 |
| Noninterest expense | 6,124,000 | 12,411,000 | 18,955,000 | 26,037,000 |
| Provision for loan losses | 1,801,000 | 10,190,000 | 15,139,000 | 20,347,000 |
| Pretax income | 644,000 | -6,143,000 | -9,484,000 | -13,451,000 |
| Income tax | 19,000 | -2,844,000 | -4,379,000 | -3,905,000 |
| Net income | 625,000 | -3,299,000 | -5,105,000 | -9,546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,139,000 | 90,242,000 | 86,476,000 | 77,736,000 |
| Total capital | 111,990,000 | 107,812,000 | 103,896,000 | 95,052,000 |
| Risk-weighted assets | 821,543,000 | 797,314,000 | 784,947,000 | 774,399,000 |
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