Call reports 2010
NUVO BANK AND TRUST — 2010
What NUVO BANK AND TRUST reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 41,329,000 | 54,413,000 | 61,175,000 | 64,987,000 |
| Total loans | 35,555,000 | 42,043,000 | 48,843,000 | 56,437,000 |
| Allowance for loan losses | 389,000 | 445,000 | 526,000 | 655,000 |
| Securities available for sale | 1,996,000 | 2,007,000 | 4,146,000 | 2,966,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,828,000 | 48,172,000 | 55,150,000 | 59,246,000 |
| Interest-bearing deposits | 30,101,000 | 42,885,000 | 49,475,000 | 51,331,000 |
| Noninterest-bearing deposits | 4,726,000 | 5,287,000 | 5,675,000 | 7,915,000 |
| Equity capital | 6,302,000 | 5,962,000 | 5,716,000 | 5,432,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 481,000 | 1,020,000 | 1,640,000 | 2,355,000 |
| Interest expense | 146,000 | 311,000 | 518,000 | 709,000 |
| Net interest income | 335,000 | 709,000 | 1,122,000 | 1,646,000 |
| Noninterest income | 18,000 | 42,000 | 66,000 | 92,000 |
| Noninterest expense | 642,000 | 1,334,000 | 1,933,000 | 2,574,000 |
| Provision for loan losses | 275,000 | 331,000 | 412,000 | 493,000 |
| Pretax income | -564,000 | -914,000 | -1,157,000 | -1,325,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -564,000 | -914,000 | -1,157,000 | -1,325,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,306,000 | 5,955,000 | 5,713,000 | 5,545,000 |
| Total capital | 6,695,000 | 6,400,000 | 6,239,000 | 6,179,000 |
| Risk-weighted assets | 34,684,000 | 40,612,000 | 45,405,000 | 50,699,000 |