Call reports 2023
VAST BANK, N.A. — 2023
What VAST BANK, N.A. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 881,861,000 | 988,939,000 | 1,009,477,000 | 753,342,000 |
| Total loans | 616,870,000 | 621,964,000 | 574,218,000 | 518,064,000 |
| Allowance for loan losses | 9,994,000 | 10,048,000 | 10,061,000 | 9,039,000 |
| Securities available for sale | 48,936,000 | 47,825,000 | 45,372,000 | 46,884,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 743,498,000 | 852,727,000 | 907,073,000 | 701,376,000 |
| Interest-bearing deposits | 632,610,000 | 736,398,000 | 812,062,000 | 615,450,000 |
| Noninterest-bearing deposits | 110,888,000 | 116,329,000 | 95,011,000 | 85,926,000 |
| Equity capital | 85,143,000 | 85,751,000 | 83,356,000 | 17,520,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 10,392,000 | 21,144,000 | 34,568,000 | 46,809,000 |
| Interest expense | 4,535,000 | 10,242,000 | 19,049,000 | 26,761,000 |
| Net interest income | 5,857,000 | 10,902,000 | 15,519,000 | 20,048,000 |
| Noninterest income | 1,293,000 | 2,686,000 | 4,051,000 | 5,169,000 |
| Noninterest expense | 6,905,000 | 16,959,000 | 27,162,000 | 92,576,000 |
| Provision for loan losses | -442,000 | -442,000 | -442,000 | -442,000 |
| Pretax income | 697,000 | -2,919,000 | -7,140,000 | -66,907,000 |
| Income tax | 39,000 | -1,101,000 | -2,709,000 | 3,853,000 |
| Net income | 658,000 | -1,818,000 | -4,431,000 | -70,760,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 89,715,000 | 90,240,000 | 88,352,000 | 22,023,000 |
| Total capital | 99,766,000 | 100,345,000 | 98,167,000 | 29,916,000 |
| Risk-weighted assets | 827,203,000 | 829,377,000 | 785,001,000 | 629,724,000 |