Call reports 2017
VERIMORE BANK — 2017
What VERIMORE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 204,145,000 | 201,922,000 | 211,970,000 | 205,743,000 |
| Total loans | 162,171,000 | 165,722,000 | 163,224,000 | 166,617,000 |
| Allowance for loan losses | 2,333,000 | 2,440,000 | 2,473,000 | 2,397,000 |
| Securities available for sale | 14,894,000 | 15,518,000 | 14,464,000 | 16,419,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,291,000 | 167,428,000 | 178,986,000 | 176,248,000 |
| Interest-bearing deposits | 142,121,000 | 135,195,000 | 142,316,000 | 139,775,000 |
| Noninterest-bearing deposits | 31,170,000 | 32,233,000 | 36,670,000 | 36,473,000 |
| Equity capital | 19,779,000 | 20,408,000 | 20,946,000 | 21,225,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,205,000 | 4,545,000 | 6,930,000 | 9,335,000 |
| Interest expense | 308,000 | 645,000 | 1,002,000 | 1,358,000 |
| Net interest income | 1,897,000 | 3,900,000 | 5,928,000 | 7,977,000 |
| Noninterest income | 198,000 | 367,000 | 550,000 | 750,000 |
| Noninterest expense | 1,234,000 | 2,496,000 | 3,813,000 | 5,255,000 |
| Provision for loan losses | 64,000 | 170,000 | 203,000 | 257,000 |
| Pretax income | 797,000 | 1,597,000 | 2,454,000 | 3,207,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 797,000 | 1,597,000 | 2,454,000 | 3,207,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,806,000 | 20,252,000 | 20,809,000 | 21,262,000 |
| Total capital | 21,769,000 | 22,263,000 | 22,614,000 | 23,245,000 |
| Risk-weighted assets | 156,702,000 | 160,443,000 | 143,731,000 | 158,195,000 |