Call reports 2006
VERIMORE BANK — 2006
What VERIMORE BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 66,956,000 | 72,287,000 | 73,884,000 | 78,491,000 |
| Total loans | 55,164,000 | 59,992,000 | 62,827,000 | 65,218,000 |
| Allowance for loan losses | 563,000 | 589,000 | 608,000 | 602,000 |
| Securities available for sale | 7,328,000 | 7,240,000 | 6,778,000 | 6,536,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,552,000 | 59,158,000 | 60,446,000 | 64,933,000 |
| Interest-bearing deposits | 49,753,000 | 55,034,000 | 57,025,000 | 60,804,000 |
| Noninterest-bearing deposits | 3,799,000 | 4,124,000 | 3,421,000 | 4,129,000 |
| Equity capital | 6,042,000 | 6,060,000 | 6,102,000 | 6,182,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,135,000 | 2,323,000 | 3,671,000 | 5,076,000 |
| Interest expense | 538,000 | 1,147,000 | 1,838,000 | 2,585,000 |
| Net interest income | 597,000 | 1,176,000 | 1,833,000 | 2,491,000 |
| Noninterest income | 89,000 | 209,000 | 365,000 | 483,000 |
| Noninterest expense | 589,000 | 1,209,000 | 1,862,000 | 2,482,000 |
| Provision for loan losses | 25,000 | 58,000 | 75,000 | 128,000 |
| Pretax income | 72,000 | 118,000 | 261,000 | 364,000 |
| Income tax | 25,000 | 40,000 | 94,000 | 131,000 |
| Net income | 47,000 | 78,000 | 167,000 | 233,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,116,000 | 6,146,000 | 6,145,000 | 6,211,000 |
| Total capital | 6,679,000 | 6,735,000 | 6,753,000 | 6,813,000 |
| Risk-weighted assets | 51,071,000 | 55,449,000 | 57,508,000 | 59,985,000 |