Call reports 2016
VERIMORE BANK — 2016
What VERIMORE BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 174,999,000 | 185,359,000 | 172,977,000 | 194,372,000 |
| Total loans | 128,254,000 | 135,614,000 | 141,275,000 | 156,633,000 |
| Allowance for loan losses | 2,017,000 | 2,061,000 | 2,106,000 | 2,289,000 |
| Securities available for sale | 16,845,000 | 16,055,000 | 15,344,000 | 14,545,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 151,674,000 | 161,945,000 | 149,375,000 | 163,934,000 |
| Interest-bearing deposits | 128,565,000 | 139,742,000 | 127,425,000 | 136,687,000 |
| Noninterest-bearing deposits | 23,109,000 | 22,203,000 | 21,950,000 | 27,247,000 |
| Equity capital | 18,577,000 | 18,931,000 | 19,275,000 | 19,185,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,988,000 | 3,966,000 | 6,035,000 | 8,250,000 |
| Interest expense | 297,000 | 594,000 | 893,000 | 1,190,000 |
| Net interest income | 1,691,000 | 3,372,000 | 5,142,000 | 7,060,000 |
| Noninterest income | 154,000 | 301,000 | 468,000 | 779,000 |
| Noninterest expense | 1,216,000 | 2,481,000 | 3,734,000 | 5,160,000 |
| Provision for loan losses | 96,000 | 100,000 | 152,000 | 352,000 |
| Pretax income | 532,000 | 1,098,000 | 1,730,000 | 2,333,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 532,000 | 1,098,000 | 1,730,000 | 2,333,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,354,000 | 18,620,000 | 18,951,000 | 19,255,000 |
| Total capital | 19,935,000 | 20,321,000 | 20,660,000 | 21,152,000 |
| Risk-weighted assets | 126,057,000 | 135,720,000 | 136,310,000 | 151,344,000 |