Call reports 2015
VERIMORE BANK — 2015
What VERIMORE BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 160,885,000 | 165,097,000 | 180,787,000 | 173,486,000 |
| Total loans | 121,655,000 | 134,959,000 | 138,608,000 | 132,678,000 |
| Allowance for loan losses | 1,675,000 | 1,787,000 | 1,947,000 | 1,915,000 |
| Securities available for sale | 16,085,000 | 15,357,000 | 15,144,000 | 16,141,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,326,000 | 142,300,000 | 157,947,000 | 150,544,000 |
| Interest-bearing deposits | 120,595,000 | 111,984,000 | 137,701,000 | 129,013,000 |
| Noninterest-bearing deposits | 20,731,000 | 30,316,000 | 20,246,000 | 21,531,000 |
| Equity capital | 17,465,000 | 17,548,000 | 17,982,000 | 18,222,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,846,000 | 3,861,000 | 5,915,000 | 7,962,000 |
| Interest expense | 264,000 | 531,000 | 824,000 | 1,115,000 |
| Net interest income | 1,582,000 | 3,330,000 | 5,091,000 | 6,847,000 |
| Noninterest income | 161,000 | 322,000 | 487,000 | 631,000 |
| Noninterest expense | 1,283,000 | 2,516,000 | 3,698,000 | 4,922,000 |
| Provision for loan losses | 92,000 | 221,000 | 371,000 | 504,000 |
| Pretax income | 371,000 | 901,000 | 1,519,000 | 2,059,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 371,000 | 901,000 | 1,519,000 | 2,059,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,334,000 | 17,564,000 | 17,882,000 | 18,121,000 |
| Total capital | 18,747,000 | 19,135,000 | 19,565,000 | 19,717,000 |
| Risk-weighted assets | 112,810,000 | 125,480,000 | 134,372,000 | 127,387,000 |