Call reports 2001
VERIMORE BANK — 2001
What VERIMORE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 61,780,000 | 59,825,000 | 59,968,000 | 62,086,000 |
| Total loans | 48,078,000 | 48,239,000 | 48,520,000 | 47,279,000 |
| Allowance for loan losses | 486,000 | 488,000 | 480,000 | 519,000 |
| Securities available for sale | 8,135,000 | 7,122,000 | 6,618,000 | 6,032,000 |
| Securities held to maturity | 62,000 | 57,000 | 50,000 | 40,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,111,000 | 46,506,000 | 46,699,000 | 49,188,000 |
| Interest-bearing deposits | 46,029,000 | 44,736,000 | 44,649,000 | 46,422,000 |
| Noninterest-bearing deposits | 2,082,000 | 1,770,000 | 2,050,000 | 2,766,000 |
| Equity capital | 5,867,000 | 5,757,000 | 5,879,000 | 5,855,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,299,000 | 2,550,000 | 3,722,000 | 4,892,000 |
| Interest expense | 751,000 | 1,452,000 | 2,110,000 | 2,691,000 |
| Net interest income | 548,000 | 1,098,000 | 1,612,000 | 2,201,000 |
| Noninterest income | 55,000 | 98,000 | 150,000 | 207,000 |
| Noninterest expense | 364,000 | 714,000 | 1,109,000 | 1,480,000 |
| Provision for loan losses | 55,000 | 178,000 | 271,000 | 316,000 |
| Pretax income | 185,000 | 310,000 | 388,000 | 624,000 |
| Income tax | 68,000 | 112,000 | 139,000 | 227,000 |
| Net income | 117,000 | 198,000 | 249,000 | 397,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,863,000 | 5,802,000 | 5,861,000 | 5,851,000 |
| Total capital | 6,349,000 | 6,290,000 | 6,349,000 | 6,370,000 |
| Risk-weighted assets | 45,171,000 | 44,844,000 | 44,689,000 | 44,068,000 |