Call reports 2018
VERIMORE BANK — 2018
What VERIMORE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 217,693,000 | 241,882,000 | 246,747,000 | 263,222,000 |
| Total loans | 177,873,000 | 202,060,000 | 210,656,000 | 215,301,000 |
| Allowance for loan losses | 2,456,000 | 2,511,000 | 2,543,000 | 2,705,000 |
| Securities available for sale | 16,448,000 | 17,353,000 | 18,238,000 | 18,185,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,604,000 | 211,273,000 | 208,800,000 | 217,881,000 |
| Interest-bearing deposits | 145,957,000 | 169,777,000 | 166,836,000 | 166,596,000 |
| Noninterest-bearing deposits | 39,647,000 | 41,496,000 | 41,964,000 | 51,285,000 |
| Equity capital | 21,477,000 | 22,172,000 | 23,161,000 | 25,655,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,515,000 | 5,302,000 | 8,422,000 | 11,671,000 |
| Interest expense | 336,000 | 710,000 | 1,118,000 | 1,682,000 |
| Net interest income | 2,179,000 | 4,592,000 | 7,304,000 | 9,989,000 |
| Noninterest income | 183,000 | 367,000 | 586,000 | 789,000 |
| Noninterest expense | 1,416,000 | 2,891,000 | 4,378,000 | 6,099,000 |
| Provision for loan losses | 35,000 | 123,000 | 160,000 | 315,000 |
| Pretax income | 911,000 | 1,945,000 | 3,352,000 | 4,364,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 911,000 | 1,945,000 | 3,352,000 | 4,364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,686,000 | 22,420,000 | 23,477,000 | 25,408,000 |
| Total capital | 23,820,000 | 24,836,000 | 26,000,000 | 28,000,000 |
| Risk-weighted assets | 170,498,000 | 193,217,000 | 201,787,000 | 207,266,000 |