Call reports 2016
VIRGINIA COMMONWEALTH BANK — 2016
What VIRGINIA COMMONWEALTH BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 442,263,000 | 462,863,000 | 463,863,000 | 483,134,000 |
| Total loans | 350,687,000 | 353,727,000 | 369,044,000 | 385,676,000 |
| Allowance for loan losses | 4,107,000 | 3,547,000 | 3,741,000 | 3,863,000 |
| Securities available for sale | 51,180,000 | 52,830,000 | 52,464,000 | 51,079,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 357,154,000 | 379,506,000 | 379,519,000 | 383,717,000 |
| Interest-bearing deposits | 290,721,000 | 304,872,000 | 303,362,000 | 306,930,000 |
| Noninterest-bearing deposits | 66,433,000 | 74,634,000 | 76,157,000 | 76,788,000 |
| Equity capital | 41,433,000 | 42,262,000 | 42,963,000 | 43,745,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,344,000 | 8,725,000 | 13,274,000 | 17,904,000 |
| Interest expense | 772,000 | 1,535,000 | 2,305,000 | 3,054,000 |
| Net interest income | 3,572,000 | 7,190,000 | 10,969,000 | 14,850,000 |
| Noninterest income | 636,000 | 1,382,000 | 2,266,000 | 3,167,000 |
| Noninterest expense | 3,529,000 | 6,937,000 | 10,398,000 | 13,960,000 |
| Provision for loan losses | -35,000 | 148,000 | 407,000 | 287,000 |
| Pretax income | 720,000 | 1,597,000 | 2,682,000 | 4,167,000 |
| Income tax | 169,000 | 396,000 | 690,000 | 1,038,000 |
| Net income | 551,000 | 1,201,000 | 1,992,000 | 3,129,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 40,037,000 | 40,687,000 | 41,478,000 | 43,114,000 |
| Total capital | 43,998,000 | 44,234,000 | 45,219,000 | 46,977,000 |
| Risk-weighted assets | 316,709,000 | 315,713,000 | 331,792,000 | 343,250,000 |