Call reports 2003
VERIMORE BANK — 2003
What VERIMORE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 60,668,000 | 59,475,000 | 60,077,000 | 60,160,000 |
| Total loans | 45,401,000 | 46,110,000 | 45,503,000 | 43,428,000 |
| Allowance for loan losses | 521,000 | 519,000 | 474,000 | 380,000 |
| Securities available for sale | 8,850,000 | 8,372,000 | 9,700,000 | 12,370,000 |
| Securities held to maturity | 7,000 | 5,000 | 3,000 | 2,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,581,000 | 48,113,000 | 47,850,000 | 48,247,000 |
| Interest-bearing deposits | 44,960,000 | 42,522,000 | 45,112,000 | 44,960,000 |
| Noninterest-bearing deposits | 3,621,000 | 5,591,000 | 2,738,000 | 3,287,000 |
| Equity capital | 6,033,000 | 6,022,000 | 6,110,000 | 6,095,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 907,000 | 1,781,000 | 2,682,000 | 3,549,000 |
| Interest expense | 391,000 | 759,000 | 1,109,000 | 1,436,000 |
| Net interest income | 516,000 | 1,022,000 | 1,573,000 | 2,113,000 |
| Noninterest income | 46,000 | 123,000 | 106,000 | 140,000 |
| Noninterest expense | 360,000 | 700,000 | 1,023,000 | 1,376,000 |
| Provision for loan losses | 46,000 | 97,000 | 129,000 | 161,000 |
| Pretax income | 182,000 | 374,000 | 553,000 | 742,000 |
| Income tax | 59,000 | 127,000 | 193,000 | 256,000 |
| Net income | 123,000 | 247,000 | 360,000 | 486,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,982,000 | 5,959,000 | 6,077,000 | 6,057,000 |
| Total capital | 6,503,000 | 6,478,000 | 6,551,000 | 6,437,000 |
| Risk-weighted assets | 42,654,000 | 42,897,000 | 42,643,000 | 41,222,000 |