Call reports 2003
MOUNT VERNON BANK — 2003
What MOUNT VERNON BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 66,561,000 | 69,346,000 | 68,819,000 | 67,839,000 |
| Total loans | 42,718,000 | 42,685,000 | 43,980,000 | 43,542,000 |
| Allowance for loan losses | 459,000 | 465,000 | 483,000 | 485,000 |
| Securities available for sale | 15,321,000 | 16,428,000 | 17,942,000 | 18,564,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,611,000 | 59,210,000 | 58,862,000 | 57,811,000 |
| Interest-bearing deposits | 52,491,000 | 54,176,000 | 53,605,000 | 51,798,000 |
| Noninterest-bearing deposits | 5,120,000 | 5,035,000 | 5,256,000 | 6,012,000 |
| Equity capital | 6,287,000 | 6,338,000 | 6,196,000 | 6,244,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,161,000 | 2,301,000 | 3,423,000 | 4,522,000 |
| Interest expense | 428,000 | 853,000 | 1,252,000 | 1,627,000 |
| Net interest income | 733,000 | 1,448,000 | 2,171,000 | 2,895,000 |
| Noninterest income | 143,000 | 289,000 | 429,000 | 565,000 |
| Noninterest expense | 559,000 | 1,141,000 | 1,685,000 | 2,289,000 |
| Provision for loan losses | 12,000 | 30,000 | 48,000 | 72,000 |
| Pretax income | 308,000 | 573,000 | 910,000 | 1,169,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 308,000 | 573,000 | 910,000 | 1,169,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,584,000 | 5,553,000 | 5,746,000 | 5,845,000 |
| Total capital | 6,043,000 | 6,018,000 | 6,229,000 | 6,330,000 |
| Risk-weighted assets | 42,986,000 | 43,967,000 | 44,702,000 | 44,075,000 |