Call reports 2011
VERNON BANK, THE — 2011
What VERNON BANK, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 70,293,000 | 68,251,000 | 70,900,000 | 70,668,000 |
| Total loans | 44,832,000 | 47,045,000 | 47,769,000 | 47,326,000 |
| Allowance for loan losses | 487,000 | 628,000 | 524,000 | 609,000 |
| Securities available for sale | 8,848,000 | 10,840,000 | 10,540,000 | 10,675,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,258,000 | 57,925,000 | 60,673,000 | 60,693,000 |
| Interest-bearing deposits | 33,292,000 | 32,664,000 | 34,053,000 | 34,222,000 |
| Noninterest-bearing deposits | 26,966,000 | 25,261,000 | 26,620,000 | 26,471,000 |
| Equity capital | 5,769,000 | 6,019,000 | 6,321,000 | 6,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 877,000 | 1,772,000 | 2,687,000 | 3,596,000 |
| Interest expense | 115,000 | 218,000 | 310,000 | 403,000 |
| Net interest income | 762,000 | 1,554,000 | 2,377,000 | 3,193,000 |
| Noninterest income | 206,000 | 409,000 | 589,000 | 776,000 |
| Noninterest expense | 733,000 | 1,445,000 | 2,131,000 | 2,723,000 |
| Provision for loan losses | 105,000 | 243,000 | 339,000 | 501,000 |
| Pretax income | 130,000 | 275,000 | 496,000 | 745,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 130,000 | 275,000 | 496,000 | 745,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,756,000 | 5,900,000 | 6,071,000 | 6,120,000 |
| Total capital | 6,243,000 | 6,456,000 | 6,595,000 | 6,678,000 |
| Risk-weighted assets | 43,393,000 | 44,447,000 | 45,073,000 | 44,566,000 |