Call reports 2008
MOUNT VERNON BANK AND TRUST COMPANY — 2008
What MOUNT VERNON BANK AND TRUST COMPANY 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 | 73,726,000 | 72,547,000 | 75,799,000 | 79,285,000 |
| Total loans | 50,603,000 | 52,149,000 | 55,783,000 | 54,132,000 |
| Allowance for loan losses | 584,000 | 616,000 | 616,000 | 523,000 |
| Securities available for sale | 13,227,000 | 13,673,000 | 13,003,000 | 13,105,000 |
| Securities held to maturity | 2,029,000 | 2,209,000 | 1,709,000 | 2,094,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,251,000 | 59,253,000 | 59,818,000 | 63,351,000 |
| Interest-bearing deposits | 52,732,000 | 51,017,000 | 51,676,000 | 53,882,000 |
| Noninterest-bearing deposits | 7,519,000 | 8,236,000 | 8,142,000 | 9,469,000 |
| Equity capital | 10,306,000 | 10,285,000 | 10,649,000 | 10,548,000 |
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 | 1,060,000 | 2,112,000 | 3,185,000 | 4,268,000 |
| Interest expense | 370,000 | 698,000 | 1,006,000 | 1,305,000 |
| Net interest income | 690,000 | 1,414,000 | 2,179,000 | 2,963,000 |
| Noninterest income | 122,000 | 236,000 | 352,000 | 447,000 |
| Noninterest expense | 459,000 | 960,000 | 1,422,000 | 2,167,000 |
| Provision for loan losses | 0 | 30,000 | 30,000 | 60,000 |
| Pretax income | 353,000 | 660,000 | 1,079,000 | 1,183,000 |
| Income tax | 90,000 | 180,000 | 271,000 | 383,000 |
| Net income | 263,000 | 480,000 | 808,000 | 800,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,103,000 | 10,282,000 | 10,610,000 | 10,328,000 |
| Total capital | 10,680,000 | 10,866,000 | 11,226,000 | 10,851,000 |
| Risk-weighted assets | 46,126,000 | 46,710,000 | 49,964,000 | 49,865,000 |