Call reports 2024
MOUNT VERNON BANK AND TRUST COMPANY — 2024
What MOUNT VERNON BANK AND TRUST COMPANY reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 187,300,000 | 194,353,000 | 185,408,000 | 185,435,000 |
| Total loans | 129,701,000 | 127,428,000 | 130,685,000 | 127,328,000 |
| Allowance for loan losses | 1,092,000 | 1,101,000 | 1,088,000 | 1,090,000 |
| Securities available for sale | 45,575,000 | 44,182,000 | 44,971,000 | 42,621,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,862,000 | 159,912,000 | 148,440,000 | 153,990,000 |
| Interest-bearing deposits | 131,639,000 | 138,024,000 | 128,909,000 | 134,237,000 |
| Noninterest-bearing deposits | 21,223,000 | 21,888,000 | 19,531,000 | 19,753,000 |
| Equity capital | 18,299,000 | 18,204,000 | 19,552,000 | 18,744,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,087,000 | 4,211,000 | 6,418,000 | 8,573,000 |
| Interest expense | 1,135,000 | 2,290,000 | 3,447,000 | 4,548,000 |
| Net interest income | 952,000 | 1,921,000 | 2,971,000 | 4,025,000 |
| Noninterest income | 176,000 | 312,000 | 452,000 | 613,000 |
| Noninterest expense | 756,000 | 1,652,000 | 2,567,000 | 3,429,000 |
| Provision for loan losses | 0 | 22,000 | 19,000 | 21,000 |
| Pretax income | 372,000 | 581,000 | 856,000 | 1,209,000 |
| Income tax | 78,000 | 114,000 | 168,000 | 275,000 |
| Net income | 294,000 | 467,000 | 688,000 | 934,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,277,000 | 23,361,000 | 23,297,000 | 23,446,000 |