Call reports 2020
MOUNT VERNON BANK — 2020
What MOUNT VERNON BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 135,562,000 | 145,304,000 | 151,058,000 | 150,732,000 |
| Total loans | 70,621,000 | 78,015,000 | 78,486,000 | 77,219,000 |
| Allowance for loan losses | 921,000 | 927,000 | 927,000 | 931,000 |
| Securities available for sale | 31,412,000 | 26,854,000 | 30,701,000 | 40,346,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,255,000 | 128,813,000 | 134,247,000 | 133,205,000 |
| Interest-bearing deposits | 87,347,000 | 91,097,000 | 92,726,000 | 96,503,000 |
| Noninterest-bearing deposits | 31,908,000 | 37,716,000 | 41,521,000 | 36,703,000 |
| Equity capital | 15,817,000 | 15,649,000 | 15,983,000 | 16,794,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,370,000 | 2,739,000 | 4,196,000 | 5,631,000 |
| Interest expense | 224,000 | 438,000 | 641,000 | 826,000 |
| Net interest income | 1,146,000 | 2,301,000 | 3,555,000 | 4,805,000 |
| Noninterest income | 216,000 | 390,000 | 576,000 | 995,000 |
| Noninterest expense | 1,049,000 | 2,086,000 | 3,112,000 | 4,151,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 369,000 | 669,000 | 1,130,000 | 1,755,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 369,000 | 669,000 | 1,130,000 | 1,755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,183,000 | 14,887,000 | 15,348,000 | 15,973,000 |