Call reports 2002
VERIMORE BANK — 2002
What VERIMORE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 60,002,000 | 60,689,000 | 59,694,000 | 60,695,000 |
| Total loans | 45,964,000 | 46,352,000 | 46,787,000 | 45,324,000 |
| Allowance for loan losses | 512,000 | 529,000 | 558,000 | 629,000 |
| Securities available for sale | 8,339,000 | 10,186,000 | 7,912,000 | 10,055,000 |
| Securities held to maturity | 30,000 | 23,000 | 14,000 | 11,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,468,000 | 47,010,000 | 46,150,000 | 48,792,000 |
| Interest-bearing deposits | 44,956,000 | 44,581,000 | 43,244,000 | 45,893,000 |
| Noninterest-bearing deposits | 2,512,000 | 2,429,000 | 2,906,000 | 2,899,000 |
| Equity capital | 5,831,000 | 5,941,000 | 6,140,000 | 5,933,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,058,000 | 2,112,000 | 3,118,000 | 4,078,000 |
| Interest expense | 504,000 | 995,000 | 1,457,000 | 1,893,000 |
| Net interest income | 554,000 | 1,117,000 | 1,661,000 | 2,185,000 |
| Noninterest income | 42,000 | 102,000 | 152,000 | 214,000 |
| Noninterest expense | 327,000 | 699,000 | 1,048,000 | 1,447,000 |
| Provision for loan losses | 45,000 | 76,000 | 118,000 | 213,000 |
| Pretax income | 219,000 | 445,000 | 668,000 | 760,000 |
| Income tax | 81,000 | 166,000 | 229,000 | 259,000 |
| Net income | 138,000 | 279,000 | 439,000 | 501,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,899,000 | 5,870,000 | 6,038,000 | 5,855,000 |
| Total capital | 6,411,000 | 6,399,000 | 6,580,000 | 6,387,000 |
| Risk-weighted assets | 42,620,000 | 42,702,000 | 43,250,000 | 42,436,000 |