Call reports 2008
MOUNT VERNON BANK — 2008
What MOUNT VERNON BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 99,908,000 | 100,268,000 | 98,681,000 | 101,492,000 |
| Total loans | 64,565,000 | 64,327,000 | 64,575,000 | 64,487,000 |
| Allowance for loan losses | 681,000 | 686,000 | 676,000 | 704,000 |
| Securities available for sale | 24,734,000 | 25,304,000 | 24,851,000 | 22,002,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,421,000 | 87,406,000 | 85,998,000 | 88,437,000 |
| Interest-bearing deposits | 81,089,000 | 81,348,000 | 80,513,000 | 82,686,000 |
| Noninterest-bearing deposits | 5,332,000 | 6,059,000 | 5,485,000 | 5,751,000 |
| Equity capital | 9,343,000 | 8,704,000 | 8,646,000 | 8,971,000 |
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 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,818,000 | 3,572,000 | 5,258,000 | 6,948,000 |
| Interest expense | 888,000 | 1,715,000 | 2,490,000 | 3,225,000 |
| Net interest income | 930,000 | 1,857,000 | 2,768,000 | 3,723,000 |
| Noninterest income | 203,000 | 414,000 | 643,000 | 824,000 |
| Noninterest expense | 708,000 | 1,439,000 | 2,177,000 | 2,969,000 |
| Provision for loan losses | 0 | 6,000 | 36,000 | 66,000 |
| Pretax income | 458,000 | 862,000 | 1,236,000 | 1,558,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 458,000 | 862,000 | 1,236,000 | 1,558,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,828,000 | 8,755,000 | 8,926,000 | 9,248,000 |
| Total capital | 9,509,000 | 9,441,000 | 9,602,000 | 9,952,000 |
| Risk-weighted assets | 69,289,000 | 69,274,000 | 68,476,000 | 69,806,000 |