Call reports 2020
VERIMORE BANK — 2020
What VERIMORE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 337,819,000 | 355,856,000 | 336,904,000 | 340,671,000 |
| Total loans | 244,744,000 | 272,756,000 | 286,440,000 | 283,914,000 |
| Allowance for loan losses | 2,977,000 | 3,641,000 | 3,639,000 | 3,689,000 |
| Securities available for sale | 14,998,000 | 15,205,000 | 15,368,000 | 15,544,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 298,392,000 | 315,999,000 | 296,258,000 | 300,869,000 |
| Interest-bearing deposits | 250,652,000 | 251,766,000 | 230,672,000 | 232,293,000 |
| Noninterest-bearing deposits | 47,740,000 | 64,232,000 | 65,586,000 | 68,576,000 |
| Equity capital | 30,317,000 | 32,121,000 | 32,881,000 | 34,728,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,569,000 | 7,727,000 | 11,203,000 | 14,833,000 |
| Interest expense | 880,000 | 1,589,000 | 2,204,000 | 2,719,000 |
| Net interest income | 2,689,000 | 6,138,000 | 8,999,000 | 12,114,000 |
| Noninterest income | 401,000 | 584,000 | 769,000 | 992,000 |
| Noninterest expense | 1,952,000 | 3,941,000 | 5,870,000 | 7,748,000 |
| Provision for loan losses | 106,000 | 766,000 | 780,000 | 780,000 |
| Pretax income | 1,043,000 | 2,025,000 | 3,145,000 | 4,605,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,043,000 | 2,025,000 | 3,145,000 | 4,605,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,084,000 | 31,492,000 | 32,244,000 | 34,134,000 |
| Total capital | 33,061,000 | 34,899,000 | 35,537,000 | 37,425,000 |
| Risk-weighted assets | 255,145,000 | 272,358,000 | 263,064,000 | 262,840,000 |