Call reports 2008
VERNON BANK, THE — 2008
What VERNON BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 50,028,000 | 51,340,000 | 54,005,000 | 57,316,000 |
| Total loans | 35,393,000 | 36,302,000 | 37,141,000 | 37,734,000 |
| Allowance for loan losses | 326,000 | 331,000 | 310,000 | 392,000 |
| Securities available for sale | 5,583,000 | 6,261,000 | 7,131,000 | 4,610,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,256,000 | 42,422,000 | 44,854,000 | 44,874,000 |
| Interest-bearing deposits | 24,767,000 | 26,026,000 | 27,185,000 | 27,272,000 |
| Noninterest-bearing deposits | 16,489,000 | 16,396,000 | 17,669,000 | 17,602,000 |
| Equity capital | 4,043,000 | 4,127,000 | 4,304,000 | 4,786,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 784,000 | 1,579,000 | 2,415,000 | 3,261,000 |
| Interest expense | 182,000 | 377,000 | 574,000 | 764,000 |
| Net interest income | 602,000 | 1,202,000 | 1,841,000 | 2,497,000 |
| Noninterest income | 210,000 | 427,000 | 611,000 | 831,000 |
| Noninterest expense | 563,000 | 1,096,000 | 1,671,000 | 2,243,000 |
| Provision for loan losses | 75,000 | 179,000 | 262,000 | 410,000 |
| Pretax income | 174,000 | 354,000 | 519,000 | 675,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 174,000 | 354,000 | 519,000 | 675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,044,000 | 4,223,000 | 4,362,000 | 4,744,000 |
| Total capital | 4,370,000 | 4,554,000 | 4,672,000 | 5,136,000 |
| Risk-weighted assets | 34,646,000 | 35,380,000 | 35,615,000 | 35,293,000 |
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