Call reports 2014
VERNON BANK, THE — 2014
What VERNON BANK, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 76,597,000 | 76,719,000 | 79,134,000 | 78,572,000 |
| Total loans | 52,479,000 | 55,133,000 | 56,848,000 | 58,522,000 |
| Allowance for loan losses | 553,000 | 539,000 | 601,000 | 636,000 |
| Securities available for sale | 13,844,000 | 12,668,000 | 12,452,000 | 12,052,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,454,000 | 69,187,000 | 71,156,000 | 70,899,000 |
| Interest-bearing deposits | 40,546,000 | 40,500,000 | 39,928,000 | 39,898,000 |
| Noninterest-bearing deposits | 28,908,000 | 28,687,000 | 31,228,000 | 31,001,000 |
| Equity capital | 6,983,000 | 7,251,000 | 7,591,000 | 7,606,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 895,000 | 1,819,000 | 2,758,000 | 3,709,000 |
| Interest expense | 39,000 | 80,000 | 121,000 | 162,000 |
| Net interest income | 856,000 | 1,739,000 | 2,637,000 | 3,547,000 |
| Noninterest income | 193,000 | 402,000 | 583,000 | 764,000 |
| Noninterest expense | 731,000 | 1,466,000 | 2,209,000 | 2,936,000 |
| Provision for loan losses | 50,000 | 119,000 | 190,000 | 265,000 |
| Pretax income | 268,000 | 557,000 | 822,000 | 1,111,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 268,000 | 557,000 | 822,000 | 1,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,014,000 | 7,178,000 | 7,443,000 | 7,407,000 |
| Total capital | 7,567,000 | 7,717,000 | 8,044,000 | 8,043,000 |
| Risk-weighted assets | 47,832,000 | 49,632,000 | 50,779,000 | 51,192,000 |