Call reports 2003
MOUNT VERNON BANK AND TRUST COMPANY — 2003
What MOUNT VERNON BANK AND TRUST COMPANY reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 57,869,000 | 60,424,000 | 59,738,000 | 61,222,000 |
| Total loans | 40,775,000 | 39,793,000 | 38,382,000 | 39,569,000 |
| Allowance for loan losses | 530,000 | 525,000 | 525,000 | 545,000 |
| Securities available for sale | 1,590,000 | 1,596,000 | 2,569,000 | 2,551,000 |
| Securities held to maturity | 7,576,000 | 8,315,000 | 11,228,000 | 11,103,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,232,000 | 50,621,000 | 50,056,000 | 51,508,000 |
| Interest-bearing deposits | 42,659,000 | 44,590,000 | 44,528,000 | 46,266,000 |
| Noninterest-bearing deposits | 5,573,000 | 6,031,000 | 5,528,000 | 5,242,000 |
| Equity capital | 8,302,000 | 8,377,000 | 8,513,000 | 8,581,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 831,000 | 1,638,000 | 2,421,000 | 3,180,000 |
| Interest expense | 218,000 | 435,000 | 638,000 | 823,000 |
| Net interest income | 613,000 | 1,203,000 | 1,783,000 | 2,357,000 |
| Noninterest income | 108,000 | 199,000 | 316,000 | 438,000 |
| Noninterest expense | 425,000 | 860,000 | 1,309,000 | 1,797,000 |
| Provision for loan losses | 0 | 0 | 0 | 20,000 |
| Pretax income | 296,000 | 542,000 | 790,000 | 978,000 |
| Income tax | 75,000 | 185,000 | 267,000 | 352,000 |
| Net income | 221,000 | 357,000 | 523,000 | 626,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,253,000 | 8,319,000 | 8,474,000 | 8,548,000 |
| Total capital | 8,686,000 | 8,757,000 | 8,902,000 | 8,987,000 |
| Risk-weighted assets | 34,551,000 | 34,984,000 | 34,181,000 | 35,021,000 |