Call reports 2015
VERNON BANK, THE — 2015
What VERNON BANK, THE reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 |
|---|---|---|
| Total assets | 78,617,000 | 74,768,000 |
| Total loans | 56,718,000 | 55,155,000 |
| Allowance for loan losses | 683,000 | 476,000 |
| Securities available for sale | 11,799,000 | 11,231,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 70,520,000 | 66,923,000 |
| Interest-bearing deposits | 39,497,000 | 37,333,000 |
| Noninterest-bearing deposits | 31,023,000 | 29,590,000 |
| Equity capital | 7,928,000 | 7,774,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 |
|---|---|---|
| Interest income | 918,000 | 1,805,000 |
| Interest expense | 39,000 | 78,000 |
| Net interest income | 879,000 | 1,727,000 |
| Noninterest income | 177,000 | 336,000 |
| Noninterest expense | 736,000 | 1,500,000 |
| Provision for loan losses | 47,000 | 78,000 |
| Pretax income | 273,000 | 485,000 |
| Income tax | 0 | 0 |
| Net income | 273,000 | 485,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 |
|---|---|---|
| Tier 1 capital | 7,680,000 | 7,642,000 |
| Total capital | 8,294,000 | 8,118,000 |
| Risk-weighted assets | 49,089,000 | 47,028,000 |