Call reports 2004
VERIMORE BANK — 2004
What VERIMORE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 60,230,000 | 62,079,000 | 61,783,000 | 59,856,000 |
| Total loans | 43,712,000 | 46,560,000 | 46,994,000 | 46,871,000 |
| Allowance for loan losses | 365,000 | 387,000 | 401,000 | 432,000 |
| Securities available for sale | 10,824,000 | 11,007,000 | 10,531,000 | 9,487,000 |
| Securities held to maturity | 2,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,846,000 | 47,865,000 | 48,165,000 | 47,811,000 |
| Interest-bearing deposits | 44,831,000 | 44,446,000 | 44,741,000 | 44,339,000 |
| Noninterest-bearing deposits | 3,015,000 | 3,419,000 | 3,424,000 | 3,472,000 |
| Equity capital | 5,892,000 | 5,926,000 | 5,934,000 | 6,004,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 836,000 | 1,712,000 | 2,654,000 | 3,522,000 |
| Interest expense | 315,000 | 625,000 | 938,000 | 1,261,000 |
| Net interest income | 521,000 | 1,087,000 | 1,716,000 | 2,261,000 |
| Noninterest income | 7,000 | 87,000 | 112,000 | 176,000 |
| Noninterest expense | 376,000 | 751,000 | 1,119,000 | 1,517,000 |
| Provision for loan losses | 21,000 | 62,000 | 94,000 | 124,000 |
| Pretax income | 134,000 | 372,000 | 627,000 | 803,000 |
| Income tax | 48,000 | 136,000 | 224,000 | 320,000 |
| Net income | 86,000 | 236,000 | 403,000 | 483,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,846,000 | 6,001,000 | 5,922,000 | 6,008,000 |
| Total capital | 6,211,000 | 6,388,000 | 6,323,000 | 6,440,000 |
| Risk-weighted assets | 41,221,000 | 44,105,000 | 43,697,000 | 43,040,000 |