Call reports 2008
VERITY BANK — 2008
What VERITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q4 |
|---|---|
| Total assets | 24,669,000 |
| Total loans | 6,739,000 |
| Allowance for loan losses | 67,000 |
| Securities available for sale | 1,517,000 |
| Securities held to maturity | 0 |
| Trading assets | 0 |
| Total deposits | 6,693,000 |
| Interest-bearing deposits | 5,950,000 |
| Noninterest-bearing deposits | 743,000 |
| Equity capital | 17,930,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q4 |
|---|---|
| Interest income | 196,000 |
| Interest expense | 40,000 |
| Net interest income | 156,000 |
| Noninterest income | 8,000 |
| Noninterest expense | 2,139,000 |
| Provision for loan losses | 67,000 |
| Pretax income | -2,042,000 |
| Income tax | 0 |
| Net income | -2,042,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q4 |
|---|---|
| Tier 1 capital | 17,917,000 |
| Total capital | 17,984,000 |
| Risk-weighted assets | 13,500,000 |
Machine access — free, no API key
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