Call reports 2013
VERIMORE BANK — 2013
What VERIMORE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 153,021,000 | 153,188,000 | 152,032,000 | 152,855,000 |
| Total loans | 110,674,000 | 122,267,000 | 124,453,000 | 122,331,000 |
| Allowance for loan losses | 1,173,000 | 1,264,000 | 1,444,000 | 1,475,000 |
| Securities available for sale | 20,624,000 | 18,867,000 | 16,986,000 | 16,408,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 135,587,000 | 130,436,000 | 133,836,000 | 135,281,000 |
| Interest-bearing deposits | 114,842,000 | 114,319,000 | 118,491,000 | 119,923,000 |
| Noninterest-bearing deposits | 20,745,000 | 16,117,000 | 15,345,000 | 15,358,000 |
| Equity capital | 14,888,000 | 15,369,000 | 15,570,000 | 16,043,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,744,000 | 3,660,000 | 5,593,000 | 7,563,000 |
| Interest expense | 312,000 | 598,000 | 884,000 | 1,173,000 |
| Net interest income | 1,432,000 | 3,062,000 | 4,709,000 | 6,390,000 |
| Noninterest income | 111,000 | 235,000 | 400,000 | 486,000 |
| Noninterest expense | 1,159,000 | 2,274,000 | 3,526,000 | 4,661,000 |
| Provision for loan losses | 40,000 | 178,000 | 370,000 | 449,000 |
| Pretax income | 345,000 | 852,000 | 1,219,000 | 1,768,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 345,000 | 852,000 | 1,219,000 | 1,768,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,848,000 | 15,627,000 | 15,995,000 | 16,543,000 |
| Total capital | 16,021,000 | 16,891,000 | 17,425,000 | 17,918,000 |
| Risk-weighted assets | 101,798,000 | 112,067,000 | 114,387,000 | 109,901,000 |