Call reports 2008
VERIMORE BANK — 2008
What VERIMORE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 100,793,000 | 98,362,000 | 101,066,000 | 103,930,000 |
| Total loans | 74,253,000 | 78,150,000 | 84,037,000 | 84,673,000 |
| Allowance for loan losses | 692,000 | 731,000 | 775,000 | 1,071,000 |
| Securities available for sale | 15,000,000 | 14,817,000 | 12,412,000 | 10,424,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,309,000 | 85,638,000 | 85,839,000 | 88,924,000 |
| Interest-bearing deposits | 82,554,000 | 78,413,000 | 78,040,000 | 82,108,000 |
| Noninterest-bearing deposits | 5,755,000 | 7,225,000 | 7,799,000 | 6,816,000 |
| Equity capital | 7,189,000 | 7,486,000 | 7,840,000 | 8,860,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,727,000 | 3,528,000 | 5,277,000 | 7,013,000 |
| Interest expense | 858,000 | 1,619,000 | 2,363,000 | 3,071,000 |
| Net interest income | 869,000 | 1,909,000 | 2,914,000 | 3,942,000 |
| Noninterest income | 95,000 | 204,000 | 311,000 | 412,000 |
| Noninterest expense | 705,000 | 1,436,000 | 2,126,000 | 2,843,000 |
| Provision for loan losses | 27,000 | 92,000 | 212,000 | 540,000 |
| Pretax income | 236,000 | 589,000 | -66,000 | 8,000 |
| Income tax | 10,000 | 31,000 | 0 | 0 |
| Net income | 226,000 | 558,000 | -66,000 | 8,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,135,000 | 7,703,000 | 8,079,000 | 9,153,000 |
| Total capital | 7,827,000 | 8,434,000 | 8,854,000 | 10,059,000 |
| Risk-weighted assets | 71,877,000 | 75,584,000 | 79,445,000 | 79,592,000 |