Call reports 2023
MOUNT VERNON BANK AND TRUST COMPANY — 2023
What MOUNT VERNON BANK AND TRUST COMPANY 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 | 182,683,000 | 185,810,000 | 184,944,000 | 189,419,000 |
| Total loans | 122,875,000 | 126,089,000 | 128,512,000 | 130,192,000 |
| Allowance for loan losses | 1,067,000 | 1,110,000 | 1,109,000 | 1,080,000 |
| Securities available for sale | 50,117,000 | 48,413,000 | 45,203,000 | 46,900,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,043,000 | 155,890,000 | 150,367,000 | 154,961,000 |
| Interest-bearing deposits | 135,225,000 | 134,689,000 | 130,049,000 | 131,729,000 |
| Noninterest-bearing deposits | 22,818,000 | 21,201,000 | 20,318,000 | 23,232,000 |
| Equity capital | 17,775,000 | 17,745,000 | 16,210,000 | 18,344,000 |
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 | 1,730,000 | 3,533,000 | 5,442,000 | 7,454,000 |
| Interest expense | 650,000 | 1,503,000 | 2,490,000 | 3,623,000 |
| Net interest income | 1,080,000 | 2,030,000 | 2,952,000 | 3,831,000 |
| Noninterest income | 179,000 | 321,000 | 467,000 | 602,000 |
| Noninterest expense | 764,000 | 1,633,000 | 2,473,000 | 3,455,000 |
| Provision for loan losses | 50,000 | -100,000 | -100,000 | -100,000 |
| Pretax income | 445,000 | 818,000 | 1,046,000 | 1,078,000 |
| Income tax | 97,000 | 175,000 | 219,000 | 227,000 |
| Net income | 348,000 | 643,000 | 827,000 | 851,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,859,000 | 23,104,000 | 23,084,000 | 23,072,000 |