Call reports 2005
VERIMORE BANK — 2005
What VERIMORE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 60,989,000 | 62,809,000 | 66,741,000 | 66,086,000 |
| Total loans | 47,807,000 | 50,294,000 | 53,925,000 | 53,335,000 |
| Allowance for loan losses | 466,000 | 497,000 | 510,000 | 565,000 |
| Securities available for sale | 9,806,000 | 9,152,000 | 8,359,000 | 8,202,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 48,500,000 | 49,012,000 | 51,288,000 | 51,148,000 |
| Interest-bearing deposits | 45,025,000 | 45,352,000 | 47,155,000 | 47,092,000 |
| Noninterest-bearing deposits | 3,475,000 | 3,660,000 | 4,133,000 | 4,056,000 |
| Equity capital | 5,860,000 | 5,993,000 | 5,950,000 | 5,993,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 869,000 | 1,791,000 | 2,806,000 | 3,878,000 |
| Interest expense | 338,000 | 717,000 | 1,169,000 | 1,674,000 |
| Net interest income | 531,000 | 1,074,000 | 1,637,000 | 2,204,000 |
| Noninterest income | 64,000 | 136,000 | 239,000 | 334,000 |
| Noninterest expense | 381,000 | 836,000 | 1,357,000 | 1,864,000 |
| Provision for loan losses | 31,000 | 63,000 | 87,000 | 122,000 |
| Pretax income | 183,000 | 310,000 | 434,000 | 550,000 |
| Income tax | 64,000 | 104,000 | 145,000 | 186,000 |
| Net income | 119,000 | 206,000 | 289,000 | 364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,929,000 | 6,021,000 | 5,993,000 | 6,068,000 |
| Total capital | 6,395,000 | 6,518,000 | 6,503,000 | 6,633,000 |
| Risk-weighted assets | 44,467,000 | 46,862,000 | 49,858,000 | 49,697,000 |