Call reports 2023
MOUNT VERNON BANK — 2023
What MOUNT VERNON BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 160,372,000 | 166,297,000 | 170,053,000 | 168,675,000 |
| Total loans | 84,165,000 | 92,465,000 | 98,690,000 | 100,977,000 |
| Allowance for loan losses | 1,003,000 | 1,018,000 | 1,069,000 | 1,174,000 |
| Securities available for sale | 48,673,000 | 46,936,000 | 44,258,000 | 49,141,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,221,000 | 138,291,000 | 142,534,000 | 138,177,000 |
| Interest-bearing deposits | 97,760,000 | 94,568,000 | 43,377,000 | 109,384,000 |
| Noninterest-bearing deposits | 44,461,000 | 43,724,000 | 99,157,000 | 28,793,000 |
| Equity capital | 7,380,000 | 7,070,000 | 5,883,000 | 8,441,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,615,000 | 3,525,000 | 5,645,000 | 7,909,000 |
| Interest expense | 179,000 | 683,000 | 1,381,000 | 2,185,000 |
| Net interest income | 1,436,000 | 2,842,000 | 4,264,000 | 5,724,000 |
| Noninterest income | 197,000 | 395,000 | 602,000 | 800,000 |
| Noninterest expense | 1,068,000 | 2,142,000 | 3,255,000 | 4,364,000 |
| Provision for loan losses | 6,000 | 21,000 | 56,000 | 161,000 |
| Pretax income | 538,000 | 1,050,000 | 1,531,000 | 1,975,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 538,000 | 1,050,000 | 1,531,000 | 1,975,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,614,000 | 15,765,000 | 15,886,000 | 15,969,000 |