Call reports 2010
VERITY BANK — 2010
What VERITY BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 88,245,000 | 92,477,000 | 111,760,000 | 123,146,000 |
| Total loans | 43,091,000 | 50,887,000 | 64,660,000 | 73,093,000 |
| Allowance for loan losses | 516,000 | 610,000 | 776,000 | 877,000 |
| Securities available for sale | 17,397,000 | 20,433,000 | 19,107,000 | 23,621,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,603,000 | 76,661,000 | 94,619,000 | 105,345,000 |
| Interest-bearing deposits | 68,613,000 | 73,407,000 | 91,154,000 | 101,088,000 |
| Noninterest-bearing deposits | 3,990,000 | 3,254,000 | 3,465,000 | 4,257,000 |
| Equity capital | 15,328,000 | 15,115,000 | 14,934,000 | 14,740,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 751,000 | 1,627,000 | 2,690,000 | 3,841,000 |
| Interest expense | 366,000 | 742,000 | 1,134,000 | 1,540,000 |
| Net interest income | 385,000 | 885,000 | 1,556,000 | 2,301,000 |
| Noninterest income | 9,000 | 46,000 | 213,000 | 550,000 |
| Noninterest expense | 907,000 | 1,813,000 | 2,745,000 | 3,853,000 |
| Provision for loan losses | 81,000 | 175,000 | 341,000 | 442,000 |
| Pretax income | -594,000 | -1,057,000 | -1,285,000 | -1,412,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -594,000 | -1,057,000 | -1,285,000 | -1,412,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,345,000 | 14,963,000 | 14,816,000 | 14,736,000 |
| Total capital | 15,861,000 | 15,573,000 | 15,592,000 | 15,613,000 |
| Risk-weighted assets | 50,365,000 | 59,928,000 | 71,038,000 | 77,602,000 |
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