Call reports 2008
VANGUARD BANK & TRUST COMPANY — 2008
What VANGUARD BANK & TRUST COMPANY reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 633,756,000 | 611,769,000 | 625,486,000 |
| Total loans | 563,201,000 | 529,285,000 | 542,799,000 |
| Allowance for loan losses | 8,519,000 | 9,551,000 | 13,940,000 |
| Securities available for sale | 40,553,000 | 42,903,000 | 40,136,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 531,401,000 | 528,634,000 | 539,274,000 |
| Interest-bearing deposits | 512,697,000 | 514,490,000 | 521,379,000 |
| Noninterest-bearing deposits | 18,704,000 | 14,144,000 | 17,895,000 |
| Equity capital | 64,198,000 | 62,567,000 | 59,422,000 |
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 |
|---|---|---|---|
| Interest income | 9,884,000 | 18,563,000 | 27,245,000 |
| Interest expense | 4,067,000 | 7,520,000 | 10,821,000 |
| Net interest income | 5,817,000 | 11,043,000 | 16,424,000 |
| Noninterest income | 1,408,000 | -597,000 | -2,090,000 |
| Noninterest expense | 4,232,000 | 8,325,000 | 11,884,000 |
| Provision for loan losses | 10,000,000 | 11,326,000 | 20,449,000 |
| Pretax income | -7,007,000 | -9,205,000 | -17,999,000 |
| Income tax | -2,557,000 | -3,436,000 | -6,730,000 |
| Net income | -4,450,000 | -5,769,000 | -11,269,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 58,858,000 | 57,583,000 | 54,551,000 |
| Total capital | 66,702,000 | 65,190,000 | 62,126,000 |
| Risk-weighted assets | 626,808,000 | 606,620,000 | 599,532,000 |