Call reports 2011
VERITY BANK — 2011
What VERITY BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 127,214,000 | 133,654,000 | 145,998,000 | 158,805,000 |
| Total loans | 78,815,000 | 92,733,000 | 98,304,000 | 103,260,000 |
| Allowance for loan losses | 951,000 | 1,113,000 | 1,174,000 | 1,762,000 |
| Securities available for sale | 25,517,000 | 24,936,000 | 23,092,000 | 22,970,000 |
| Securities held to maturity | 0 | 0 | 0 | 813,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 111,854,000 | 115,064,000 | 126,737,000 | 140,038,000 |
| Interest-bearing deposits | 106,705,000 | 108,613,000 | 118,665,000 | 117,242,000 |
| Noninterest-bearing deposits | 5,149,000 | 6,451,000 | 8,072,000 | 22,796,000 |
| Equity capital | 15,008,000 | 15,064,000 | 15,796,000 | 15,370,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,222,000 | 2,663,000 | 4,177,000 | 5,750,000 |
| Interest expense | 348,000 | 702,000 | 1,064,000 | 1,407,000 |
| Net interest income | 874,000 | 1,961,000 | 3,113,000 | 4,343,000 |
| Noninterest income | 503,000 | 527,000 | 1,141,000 | 1,188,000 |
| Noninterest expense | 1,149,000 | 2,239,000 | 3,387,000 | 4,482,000 |
| Provision for loan losses | 73,000 | 282,000 | 343,000 | 964,000 |
| Pretax income | 155,000 | -33,000 | 524,000 | 139,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 155,000 | -33,000 | 524,000 | 139,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,966,000 | 14,862,000 | 15,478,000 | 15,188,000 |
| Total capital | 15,917,000 | 15,975,000 | 16,652,000 | 16,494,000 |
| Risk-weighted assets | 84,440,000 | 93,600,000 | 100,216,000 | 103,992,000 |