Call reports 2024
MOUNT VERNON BANK — 2024
What MOUNT VERNON BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 185,324,000 | 186,737,000 | 184,156,000 | 183,786,000 |
| Total loans | 102,844,000 | 106,055,000 | 114,255,000 | 117,701,000 |
| Allowance for loan losses | 1,252,000 | 1,267,000 | 1,282,000 | 1,318,000 |
| Securities available for sale | 47,434,000 | 46,784,000 | 48,012,000 | 45,915,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,599,000 | 145,598,000 | 150,467,000 | 172,025,000 |
| Interest-bearing deposits | 115,266,000 | 115,264,000 | 121,336,000 | 130,511,000 |
| Noninterest-bearing deposits | 30,333,000 | 30,334,000 | 29,131,000 | 41,514,000 |
| Equity capital | 8,272,000 | 9,056,000 | 11,306,000 | 9,958,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,405,000 | 5,124,000 | 7,929,000 | 10,824,000 |
| Interest expense | 939,000 | 2,066,000 | 3,238,000 | 4,289,000 |
| Net interest income | 1,466,000 | 3,058,000 | 4,691,000 | 6,535,000 |
| Noninterest income | 397,000 | 587,000 | 766,000 | 932,000 |
| Noninterest expense | 1,169,000 | 2,361,000 | 3,546,000 | 4,822,000 |
| Provision for loan losses | 75,000 | 90,000 | 105,000 | 120,000 |
| Pretax income | 619,000 | 1,194,000 | 1,806,000 | 2,525,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 619,000 | 1,194,000 | 1,806,000 | 2,525,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,178,000 | 16,754,000 | 17,365,000 | 17,715,000 |