Call reports 2009
VERNON BANK, THE — 2009
What VERNON BANK, THE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 59,377,000 | 59,857,000 | 62,057,000 | 63,289,000 |
| Total loans | 37,906,000 | 38,808,000 | 39,381,000 | 39,742,000 |
| Allowance for loan losses | 372,000 | 401,000 | 431,000 | 402,000 |
| Securities available for sale | 4,430,000 | 4,682,000 | 4,960,000 | 4,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,783,000 | 48,030,000 | 49,994,000 | 51,399,000 |
| Interest-bearing deposits | 27,946,000 | 28,969,000 | 29,951,000 | 30,022,000 |
| Noninterest-bearing deposits | 19,837,000 | 19,061,000 | 20,043,000 | 21,377,000 |
| Equity capital | 4,885,000 | 5,007,000 | 5,170,000 | 5,265,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 822,000 | 1,666,000 | 2,515,000 | 3,371,000 |
| Interest expense | 182,000 | 354,000 | 517,000 | 681,000 |
| Net interest income | 640,000 | 1,312,000 | 1,998,000 | 2,690,000 |
| Noninterest income | 195,000 | 406,000 | 625,000 | 845,000 |
| Noninterest expense | 601,000 | 1,235,000 | 1,910,000 | 2,537,000 |
| Provision for loan losses | 71,000 | 153,000 | 243,000 | 412,000 |
| Pretax income | 163,000 | 330,000 | 470,000 | 586,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 163,000 | 330,000 | 470,000 | 586,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,832,000 | 5,000,000 | 5,089,000 | 5,180,000 |
| Total capital | 5,204,000 | 5,401,000 | 5,520,000 | 5,582,000 |
| Risk-weighted assets | 35,441,000 | 36,129,000 | 37,545,000 | 38,525,000 |