Call reports 2013
VERITY BANK — 2013
What VERITY BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 166,780,000 | 169,288,000 | 174,353,000 | 162,020,000 |
| Total loans | 116,886,000 | 114,099,000 | 115,660,000 | 114,919,000 |
| Allowance for loan losses | 1,732,000 | 1,685,000 | 1,704,000 | 1,788,000 |
| Securities available for sale | 24,953,000 | 24,695,000 | 26,114,000 | 24,718,000 |
| Securities held to maturity | 1,886,000 | 1,885,000 | 1,885,000 | 1,884,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 143,494,000 | 144,967,000 | 149,747,000 | 141,495,000 |
| Interest-bearing deposits | 129,785,000 | 132,413,000 | 135,003,000 | 127,129,000 |
| Noninterest-bearing deposits | 13,709,000 | 12,554,000 | 14,745,000 | 14,366,000 |
| Equity capital | 19,790,000 | 19,841,000 | 20,111,000 | 20,187,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,725,000 | 3,434,000 | 5,179,000 | 6,902,000 |
| Interest expense | 232,000 | 462,000 | 703,000 | 928,000 |
| Net interest income | 1,493,000 | 2,972,000 | 4,476,000 | 5,974,000 |
| Noninterest income | 94,000 | 166,000 | 322,000 | 431,000 |
| Noninterest expense | 1,236,000 | 2,451,000 | 3,636,000 | 5,134,000 |
| Provision for loan losses | 8,000 | -39,000 | 29,000 | 157,000 |
| Pretax income | 359,000 | 753,000 | 1,160,000 | 1,141,000 |
| Income tax | 141,000 | 291,000 | 454,000 | 452,000 |
| Net income | 218,000 | 462,000 | 706,000 | 689,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,064,000 | 19,429,000 | 19,512,000 | 19,970,000 |
| Total capital | 20,589,000 | 20,934,000 | 21,031,000 | 21,462,000 |
| Risk-weighted assets | 121,854,000 | 120,190,000 | 121,376,000 | 119,033,000 |