Call reports 2002
MOUNT VERNON BANK — 2002
What MOUNT VERNON BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 64,381,000 | 65,760,000 | 68,017,000 | 67,635,000 |
| Total loans | 42,469,000 | 42,228,000 | 41,331,000 | 42,793,000 |
| Allowance for loan losses | 443,000 | 450,000 | 456,000 | 452,000 |
| Securities available for sale | 14,959,000 | 13,996,000 | 15,049,000 | 16,662,000 |
| Securities held to maturity | 1,621,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,456,000 | 57,092,000 | 58,957,000 | 58,290,000 |
| Interest-bearing deposits | 52,055,000 | 52,838,000 | 53,724,000 | 52,470,000 |
| Noninterest-bearing deposits | 4,402,000 | 4,253,000 | 5,232,000 | 5,820,000 |
| Equity capital | 5,223,000 | 5,900,000 | 6,360,000 | 6,516,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,244,000 | 2,455,000 | 3,670,000 | 4,856,000 |
| Interest expense | 567,000 | 1,080,000 | 1,566,000 | 2,030,000 |
| Net interest income | 677,000 | 1,375,000 | 2,104,000 | 2,826,000 |
| Noninterest income | 160,000 | 330,000 | 505,000 | 641,000 |
| Noninterest expense | 538,000 | 1,072,000 | 1,668,000 | 2,297,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 301,000 | 658,000 | 993,000 | 1,205,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 301,000 | 658,000 | 993,000 | 1,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,912,000 | 5,269,000 | 5,605,000 | 5,816,000 |
| Total capital | 5,355,000 | 5,719,000 | 6,061,000 | 6,268,000 |
| Risk-weighted assets | 41,612,000 | 42,050,000 | 41,925,000 | 42,791,000 |