Call reports 2008
VAST BANK, N.A. — 2008
What VAST BANK, N.A. reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 188,963,000 | 192,285,000 | 194,749,000 | 198,403,000 |
| Total loans | 169,986,000 | 172,670,000 | 177,960,000 | 184,143,000 |
| Allowance for loan losses | 1,545,000 | 1,575,000 | 1,604,000 | 1,652,000 |
| Securities available for sale | 3,674,000 | 3,439,000 | 3,365,000 | 3,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,714,000 | 156,160,000 | 160,775,000 | 170,134,000 |
| Interest-bearing deposits | 137,545,000 | 124,432,000 | 131,411,000 | 138,721,000 |
| Noninterest-bearing deposits | 29,169,000 | 31,728,000 | 29,364,000 | 31,413,000 |
| Equity capital | 16,959,000 | 17,413,000 | 17,989,000 | 18,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,927,000 | 5,573,000 | 8,154,000 | 10,618,000 |
| Interest expense | 1,077,000 | 1,944,000 | 2,809,000 | 3,624,000 |
| Net interest income | 1,850,000 | 3,629,000 | 5,345,000 | 6,994,000 |
| Noninterest income | 199,000 | 389,000 | 564,000 | 750,000 |
| Noninterest expense | 1,314,000 | 2,454,000 | 3,542,000 | 4,541,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 140,000 |
| Pretax income | 705,000 | 1,504,000 | 2,277,000 | 3,063,000 |
| Income tax | 263,000 | 562,000 | 656,000 | 960,000 |
| Net income | 442,000 | 942,000 | 1,621,000 | 2,103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,944,000 | 17,444,000 | 18,018,000 | 18,500,000 |
| Total capital | 18,489,000 | 19,019,000 | 19,622,000 | 20,152,000 |
| Risk-weighted assets | 179,361,000 | 188,795,000 | 194,387,000 | 197,832,000 |