Call reports 2002
VERNON BANK, THE — 2002
What VERNON BANK, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 34,389,000 | 35,107,000 | 35,318,000 | 36,181,000 |
| Total loans | 14,985,000 | 16,372,000 | 17,244,000 | 18,034,000 |
| Allowance for loan losses | 98,000 | 111,000 | 117,000 | 110,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 9,952,000 | 9,935,000 | 8,628,000 | 8,580,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,988,000 | 31,621,000 | 31,773,000 | 32,621,000 |
| Interest-bearing deposits | 17,922,000 | 18,575,000 | 19,035,000 | 19,184,000 |
| Noninterest-bearing deposits | 13,066,000 | 13,046,000 | 12,738,000 | 13,437,000 |
| Equity capital | 3,355,000 | 3,422,000 | 3,478,000 | 3,513,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 413,000 | 839,000 | 1,262,000 | 1,693,000 |
| Interest expense | 96,000 | 196,000 | 291,000 | 387,000 |
| Net interest income | 317,000 | 643,000 | 971,000 | 1,306,000 |
| Noninterest income | 115,000 | 235,000 | 362,000 | 501,000 |
| Noninterest expense | 408,000 | 778,000 | 1,167,000 | 1,595,000 |
| Provision for loan losses | 10,000 | 20,000 | 30,000 | 40,000 |
| Pretax income | 14,000 | 80,000 | 136,000 | 172,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 14,000 | 80,000 | 136,000 | 172,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,355,000 | 3,422,000 | 3,478,000 | 3,513,000 |
| Total capital | 3,453,000 | 3,533,000 | 3,595,000 | 3,623,000 |
| Risk-weighted assets | 15,923,000 | 16,915,000 | 17,700,000 | 18,436,000 |
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