Call reports 2019
VERIMORE BANK — 2019
What VERIMORE BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 283,315,000 | 280,478,000 | 286,762,000 | 299,950,000 |
| Total loans | 213,463,000 | 217,786,000 | 227,783,000 | 238,103,000 |
| Allowance for loan losses | 2,776,000 | 2,774,000 | 2,786,000 | 2,853,000 |
| Securities available for sale | 19,108,000 | 20,691,000 | 20,550,000 | 17,387,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 242,210,000 | 240,972,000 | 248,610,000 | 261,200,000 |
| Interest-bearing deposits | 180,570,000 | 178,283,000 | 197,547,000 | 208,019,000 |
| Noninterest-bearing deposits | 61,640,000 | 62,689,000 | 51,063,000 | 53,181,000 |
| Equity capital | 26,474,000 | 27,331,000 | 28,629,000 | 29,591,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 3,204,000 | 6,581,000 | 10,100,000 | 13,745,000 |
| Interest expense | 699,000 | 1,458,000 | 2,246,000 | 3,106,000 |
| Net interest income | 2,505,000 | 5,123,000 | 7,854,000 | 10,639,000 |
| Noninterest income | 210,000 | 410,000 | 619,000 | 843,000 |
| Noninterest expense | 1,682,000 | 3,411,000 | 5,337,000 | 7,255,000 |
| Provision for loan losses | 65,000 | 73,000 | 108,000 | 194,000 |
| Pretax income | 968,000 | 2,049,000 | 3,040,000 | 4,047,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 968,000 | 2,049,000 | 3,040,000 | 4,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,040,000 | 26,778,000 | 28,073,000 | 29,038,000 |
| Total capital | 28,657,000 | 29,457,000 | 30,859,000 | 31,891,000 |
| Risk-weighted assets | 209,246,000 | 214,248,000 | 223,684,000 | 236,717,000 |