Call reports 2014
VIRGINIA COMMONWEALTH BANK — 2014
What VIRGINIA COMMONWEALTH BANK 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 | 327,642,000 | 338,509,000 | 346,118,000 | 387,784,000 |
| Total loans | 253,599,000 | 259,708,000 | 274,131,000 | 298,447,000 |
| Allowance for loan losses | 2,950,000 | 2,973,000 | 3,151,000 | 3,205,000 |
| Securities available for sale | 35,687,000 | 34,400,000 | 33,939,000 | 39,641,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 270,841,000 | 270,632,000 | 279,545,000 | 310,087,000 |
| Interest-bearing deposits | 209,931,000 | 208,272,000 | 215,570,000 | 244,277,000 |
| Noninterest-bearing deposits | 60,910,000 | 62,360,000 | 63,974,000 | 65,810,000 |
| Equity capital | 31,984,000 | 32,483,000 | 33,038,000 | 34,239,000 |
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 | 3,408,000 | 6,941,000 | 10,533,000 | 14,408,000 |
| Interest expense | 560,000 | 1,097,000 | 1,631,000 | 2,196,000 |
| Net interest income | 2,848,000 | 5,844,000 | 8,902,000 | 12,212,000 |
| Noninterest income | 900,000 | 1,337,000 | 2,208,000 | 2,850,000 |
| Noninterest expense | 2,999,000 | 6,018,000 | 9,165,000 | 12,269,000 |
| Provision for loan losses | 165,000 | 262,000 | 452,000 | 611,000 |
| Pretax income | 583,000 | 884,000 | 1,468,000 | 2,157,000 |
| Income tax | 158,000 | 191,000 | 338,000 | 502,000 |
| Net income | 425,000 | 693,000 | 1,130,000 | 1,655,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,928,000 | 31,172,000 | 31,606,000 | 33,241,000 |
| Total capital | 33,878,000 | 34,145,000 | 34,757,000 | 36,446,000 |
| Risk-weighted assets | 239,333,000 | 241,960,000 | 254,496,000 | 274,088,000 |