Call reports 2010
VERNON BANK, THE — 2010
What VERNON BANK, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 65,017,000 | 67,824,000 | 67,706,000 | 67,516,000 |
| Total loans | 39,763,000 | 42,230,000 | 43,163,000 | 44,227,000 |
| Allowance for loan losses | 422,000 | 503,000 | 495,000 | 496,000 |
| Securities available for sale | 5,180,000 | 5,075,000 | 8,135,000 | 7,364,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,029,000 | 56,615,000 | 56,667,000 | 56,821,000 |
| Interest-bearing deposits | 30,764,000 | 30,754,000 | 31,928,000 | 32,264,000 |
| Noninterest-bearing deposits | 23,265,000 | 25,861,000 | 24,739,000 | 24,557,000 |
| Equity capital | 5,286,000 | 5,444,000 | 5,711,000 | 5,601,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 819,000 | 1,672,000 | 2,525,000 | 3,398,000 |
| Interest expense | 149,000 | 293,000 | 426,000 | 556,000 |
| Net interest income | 670,000 | 1,379,000 | 2,099,000 | 2,842,000 |
| Noninterest income | 230,000 | 458,000 | 670,000 | 884,000 |
| Noninterest expense | 711,000 | 1,441,000 | 2,160,000 | 2,926,000 |
| Provision for loan losses | 120,000 | 220,000 | 307,000 | 387,000 |
| Pretax income | 100,000 | 207,000 | 333,000 | 444,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 100,000 | 207,000 | 333,000 | 444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,280,000 | 5,388,000 | 5,664,000 | 5,675,000 |
| Total capital | 5,702,000 | 5,891,000 | 6,159,000 | 6,171,000 |
| Risk-weighted assets | 39,462,000 | 41,109,000 | 42,279,000 | 42,110,000 |