Call reports 2003
VERNON BANK, THE — 2003
What VERNON BANK, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 36,471,000 | 37,449,000 | 37,402,000 | 37,149,000 |
| Total loans | 17,977,000 | 18,853,000 | 19,251,000 | 19,890,000 |
| Allowance for loan losses | 124,000 | 112,000 | 91,000 | 99,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,588,000 | 8,591,000 | 8,591,000 | 8,592,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,956,000 | 33,917,000 | 33,839,000 | 33,612,000 |
| Interest-bearing deposits | 19,698,000 | 19,637,000 | 20,154,000 | 20,170,000 |
| Noninterest-bearing deposits | 13,258,000 | 14,280,000 | 13,685,000 | 13,442,000 |
| Equity capital | 3,474,000 | 3,476,000 | 3,496,000 | 3,510,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 408,000 | 805,000 | 1,221,000 | 1,634,000 |
| Interest expense | 96,000 | 192,000 | 277,000 | 348,000 |
| Net interest income | 312,000 | 613,000 | 944,000 | 1,286,000 |
| Noninterest income | 113,000 | 215,000 | 311,000 | 425,000 |
| Noninterest expense | 399,000 | 784,000 | 1,176,000 | 1,604,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 11,000 | 14,000 | 34,000 | 47,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 11,000 | 14,000 | 34,000 | 47,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,474,000 | 3,476,000 | 3,496,000 | 3,510,000 |
| Total capital | 3,598,000 | 3,588,000 | 3,587,000 | 3,609,000 |
| Risk-weighted assets | 18,627,000 | 19,246,000 | 19,466,000 | 19,698,000 |
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