Call reports 2009
VERITY BANK — 2009
What VERITY BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 36,617,000 | 46,226,000 | 58,019,000 | 73,647,000 |
| Total loans | 14,798,000 | 25,174,000 | 31,760,000 | 36,207,000 |
| Allowance for loan losses | 152,000 | 258,000 | 419,000 | 554,000 |
| Securities available for sale | 2,433,000 | 3,275,000 | 7,190,000 | 11,498,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,131,000 | 29,145,000 | 41,204,000 | 57,470,000 |
| Interest-bearing deposits | 16,716,000 | 26,802,000 | 39,168,000 | 54,875,000 |
| Noninterest-bearing deposits | 2,415,000 | 2,343,000 | 2,036,000 | 2,595,000 |
| Equity capital | 17,385,000 | 16,884,000 | 16,532,000 | 15,839,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 270,000 | 691,000 | 1,221,000 | 1,842,000 |
| Interest expense | 76,000 | 226,000 | 459,000 | 775,000 |
| Net interest income | 194,000 | 465,000 | 762,000 | 1,067,000 |
| Noninterest income | 53,000 | 79,000 | 269,000 | 269,000 |
| Noninterest expense | 774,000 | 1,552,000 | 2,324,000 | 3,134,000 |
| Provision for loan losses | 84,000 | 191,000 | 352,000 | 592,000 |
| Pretax income | -611,000 | -1,199,000 | -1,645,000 | -2,386,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -611,000 | -1,199,000 | -1,645,000 | -2,386,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,371,000 | 16,871,000 | 16,513,000 | 15,859,000 |
| Total capital | 17,523,000 | 17,129,000 | 16,932,000 | 16,398,000 |
| Risk-weighted assets | 22,828,000 | 31,415,000 | 36,550,000 | 43,124,000 |