Call reports 2009
VERIMORE BANK — 2009
What VERIMORE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 107,261,000 | 111,541,000 | 114,849,000 | 111,620,000 |
| Total loans | 87,114,000 | 91,767,000 | 93,440,000 | 87,603,000 |
| Allowance for loan losses | 1,181,000 | 879,000 | 1,129,000 | 1,157,000 |
| Securities available for sale | 12,345,000 | 11,430,000 | 11,391,000 | 12,345,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 92,301,000 | 95,403,000 | 98,587,000 | 95,440,000 |
| Interest-bearing deposits | 85,490,000 | 88,749,000 | 91,828,000 | 89,198,000 |
| Noninterest-bearing deposits | 6,811,000 | 6,654,000 | 6,759,000 | 6,242,000 |
| Equity capital | 9,060,000 | 10,637,000 | 10,872,000 | 11,168,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,656,000 | 3,393,000 | 5,158,000 | 6,791,000 |
| Interest expense | 655,000 | 1,309,000 | 1,941,000 | 2,532,000 |
| Net interest income | 1,001,000 | 2,084,000 | 3,217,000 | 4,259,000 |
| Noninterest income | 94,000 | 273,000 | 439,000 | 561,000 |
| Noninterest expense | 747,000 | 1,665,000 | 2,559,000 | 3,436,000 |
| Provision for loan losses | 157,000 | 260,000 | 556,000 | 770,000 |
| Pretax income | 191,000 | 345,000 | 443,000 | 480,000 |
| Income tax | 9,000 | 15,000 | 7,000 | 7,000 |
| Net income | 182,000 | 330,000 | 436,000 | 473,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,335,000 | 10,713,000 | 10,819,000 | 11,155,000 |
| Total capital | 10,351,000 | 11,592,000 | 11,859,000 | 12,185,000 |
| Risk-weighted assets | 81,147,000 | 84,848,000 | 85,394,000 | 81,544,000 |