Call reports 2007
VERIMORE BANK — 2007
What VERIMORE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 84,953,000 | 84,304,000 | 88,447,000 | 89,991,000 |
| Total loans | 67,061,000 | 71,517,000 | 71,702,000 | 75,343,000 |
| Allowance for loan losses | 638,000 | 686,000 | 701,000 | 679,000 |
| Securities available for sale | 7,309,000 | 7,284,000 | 6,850,000 | 8,430,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,169,000 | 71,364,000 | 75,443,000 | 77,476,000 |
| Interest-bearing deposits | 67,422,000 | 66,992,000 | 70,892,000 | 72,287,000 |
| Noninterest-bearing deposits | 4,747,000 | 4,372,000 | 4,551,000 | 5,189,000 |
| Equity capital | 6,573,000 | 6,661,000 | 6,758,000 | 6,942,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,507,000 | 3,166,000 | 4,854,000 | 6,578,000 |
| Interest expense | 793,000 | 1,643,000 | 2,527,000 | 3,413,000 |
| Net interest income | 714,000 | 1,523,000 | 2,327,000 | 3,165,000 |
| Noninterest income | 91,000 | 200,000 | 330,000 | 429,000 |
| Noninterest expense | 625,000 | 1,330,000 | 1,981,000 | 2,671,000 |
| Provision for loan losses | 46,000 | 92,000 | 122,000 | 122,000 |
| Pretax income | 134,000 | 301,000 | 554,000 | 801,000 |
| Income tax | 50,000 | 116,000 | 212,000 | 303,000 |
| Net income | 84,000 | 185,000 | 342,000 | 498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,595,000 | 6,696,000 | 6,753,000 | 6,909,000 |
| Total capital | 7,233,000 | 7,382,000 | 7,454,000 | 7,588,000 |
| Risk-weighted assets | 62,535,000 | 66,112,000 | 67,718,000 | 70,021,000 |