Call reports 2010
VERIMORE BANK — 2010
What VERIMORE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 114,251,000 | 113,891,000 | 111,087,000 | 110,743,000 |
| Total loans | 87,144,000 | 86,838,000 | 84,581,000 | 86,289,000 |
| Allowance for loan losses | 1,095,000 | 1,104,000 | 1,020,000 | 1,072,000 |
| Securities available for sale | 12,152,000 | 11,705,000 | 12,015,000 | 13,128,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,197,000 | 98,453,000 | 97,571,000 | 97,664,000 |
| Interest-bearing deposits | 90,790,000 | 91,023,000 | 92,252,000 | 91,666,000 |
| Noninterest-bearing deposits | 6,407,000 | 7,430,000 | 5,319,000 | 5,998,000 |
| Equity capital | 11,311,000 | 11,592,000 | 11,660,000 | 11,482,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,550,000 | 3,123,000 | 4,686,000 | 6,156,000 |
| Interest expense | 508,000 | 1,006,000 | 1,491,000 | 1,901,000 |
| Net interest income | 1,042,000 | 2,117,000 | 3,195,000 | 4,255,000 |
| Noninterest income | 96,000 | 327,000 | 471,000 | 366,000 |
| Noninterest expense | 822,000 | 1,764,000 | 2,717,000 | 3,574,000 |
| Provision for loan losses | 131,000 | 263,000 | 430,000 | 530,000 |
| Pretax income | 110,000 | 380,000 | 470,000 | 438,000 |
| Income tax | 5,000 | 5,000 | 5,000 | 5,000 |
| Net income | 105,000 | 375,000 | 465,000 | 433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,260,000 | 11,531,000 | 11,620,000 | 11,589,000 |
| Total capital | 12,347,000 | 12,593,000 | 12,633,000 | 12,583,000 |
| Risk-weighted assets | 86,230,000 | 84,161,000 | 81,099,000 | 79,472,000 |