Call reports 2007
VERNON BANK, THE — 2007
What VERNON BANK, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 43,073,000 | 44,665,000 | 46,851,000 | 47,405,000 |
| Total loans | 28,144,000 | 29,868,000 | 31,365,000 | 34,277,000 |
| Allowance for loan losses | 275,000 | 294,000 | 300,000 | 318,000 |
| Securities available for sale | 7,955,000 | 7,237,000 | 7,085,000 | 6,643,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,563,000 | 37,916,000 | 38,332,000 | 38,944,000 |
| Interest-bearing deposits | 20,035,000 | 20,958,000 | 21,784,000 | 23,048,000 |
| Noninterest-bearing deposits | 16,528,000 | 16,958,000 | 16,548,000 | 15,896,000 |
| Equity capital | 3,351,000 | 3,495,000 | 3,663,000 | 3,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 663,000 | 1,378,000 | 2,142,000 | 2,944,000 |
| Interest expense | 104,000 | 243,000 | 394,000 | 570,000 |
| Net interest income | 559,000 | 1,135,000 | 1,748,000 | 2,374,000 |
| Noninterest income | 186,000 | 398,000 | 607,000 | 831,000 |
| Noninterest expense | 537,000 | 1,107,000 | 1,687,000 | 2,264,000 |
| Provision for loan losses | 40,000 | 83,000 | 137,000 | 224,000 |
| Pretax income | 168,000 | 343,000 | 531,000 | 715,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 168,000 | 343,000 | 531,000 | 715,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,597,000 | 3,773,000 | 3,836,000 | 3,870,000 |
| Total capital | 3,872,000 | 4,067,000 | 4,137,000 | 4,188,000 |
| Risk-weighted assets | 27,816,000 | 29,421,000 | 30,466,000 | 32,979,000 |
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