Call reports 2014
VERIMORE BANK — 2014
What VERIMORE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 159,868,000 | 157,317,000 | 155,007,000 | 164,865,000 |
| Total loans | 118,298,000 | 125,785,000 | 126,921,000 | 126,726,000 |
| Allowance for loan losses | 1,575,000 | 1,640,000 | 1,630,000 | 1,565,000 |
| Securities available for sale | 17,719,000 | 18,459,000 | 16,243,000 | 17,929,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,780,000 | 138,884,000 | 134,614,000 | 145,281,000 |
| Interest-bearing deposits | 122,565,000 | 121,332,000 | 115,906,000 | 126,096,000 |
| Noninterest-bearing deposits | 19,215,000 | 17,553,000 | 18,708,000 | 19,185,000 |
| Equity capital | 16,387,000 | 16,797,000 | 17,088,000 | 17,280,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,893,000 | 3,821,000 | 5,845,000 | 7,805,000 |
| Interest expense | 277,000 | 552,000 | 829,000 | 1,096,000 |
| Net interest income | 1,616,000 | 3,269,000 | 5,016,000 | 6,709,000 |
| Noninterest income | 165,000 | 313,000 | 459,000 | 598,000 |
| Noninterest expense | 1,260,000 | 2,460,000 | 3,766,000 | 5,092,000 |
| Provision for loan losses | 112,000 | 180,000 | 282,000 | 393,000 |
| Pretax income | 409,000 | 942,000 | 1,427,000 | 1,822,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 409,000 | 942,000 | 1,427,000 | 1,822,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,751,000 | 16,983,000 | 17,169,000 | 17,263,000 |
| Total capital | 18,100,000 | 18,437,000 | 18,633,000 | 18,721,000 |
| Risk-weighted assets | 107,705,000 | 116,107,000 | 116,961,000 | 116,524,000 |