Call reports 2013
VERNON BANK, THE — 2013
What VERNON BANK, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 78,735,000 | 75,520,000 | 74,105,000 | 74,144,000 |
| Total loans | 48,193,000 | 49,690,000 | 49,464,000 | 50,525,000 |
| Allowance for loan losses | 624,000 | 675,000 | 668,000 | 527,000 |
| Securities available for sale | 16,751,000 | 15,896,000 | 14,965,000 | 14,553,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,389,000 | 68,188,000 | 66,745,000 | 67,316,000 |
| Interest-bearing deposits | 37,676,000 | 37,976,000 | 37,000,000 | 37,212,000 |
| Noninterest-bearing deposits | 30,713,000 | 30,212,000 | 29,745,000 | 30,104,000 |
| Equity capital | 7,185,000 | 7,072,000 | 6,988,000 | 6,747,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 883,000 | 1,778,000 | 2,675,000 | 3,562,000 |
| Interest expense | 69,000 | 125,000 | 165,000 | 203,000 |
| Net interest income | 814,000 | 1,653,000 | 2,510,000 | 3,359,000 |
| Noninterest income | 183,000 | 362,000 | 545,000 | 743,000 |
| Noninterest expense | 718,000 | 1,491,000 | 2,197,000 | 2,850,000 |
| Provision for loan losses | 49,000 | 99,000 | 147,000 | 240,000 |
| Pretax income | 230,000 | 425,000 | 711,000 | 1,012,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 230,000 | 425,000 | 711,000 | 1,012,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,914,000 | 7,008,000 | 7,145,000 | 6,895,000 |
| Total capital | 7,490,000 | 7,589,000 | 7,724,000 | 7,422,000 |
| Risk-weighted assets | 46,000,000 | 46,363,000 | 46,209,000 | 46,359,000 |