Call reports 2021
VERIMORE BANK — 2021
What VERIMORE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 355,646,000 | 365,256,000 | 372,642,000 | 369,548,000 |
| Total loans | 289,431,000 | 293,137,000 | 276,552,000 | 263,696,000 |
| Allowance for loan losses | 3,693,000 | 3,696,000 | 3,678,000 | 3,669,000 |
| Securities available for sale | 14,351,000 | 14,520,000 | 18,494,000 | 24,075,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 315,173,000 | 324,032,000 | 330,609,000 | 330,457,000 |
| Interest-bearing deposits | 233,929,000 | 236,393,000 | 242,112,000 | 237,806,000 |
| Noninterest-bearing deposits | 81,243,000 | 87,639,000 | 88,497,000 | 92,651,000 |
| Equity capital | 35,420,000 | 36,717,000 | 37,554,000 | 38,438,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,921,000 | 7,771,000 | 11,642,000 | 15,604,000 |
| Interest expense | 446,000 | 879,000 | 1,297,000 | 1,673,000 |
| Net interest income | 3,475,000 | 6,892,000 | 10,345,000 | 13,931,000 |
| Noninterest income | 235,000 | 456,000 | 673,000 | 875,000 |
| Noninterest expense | 1,970,000 | 3,864,000 | 5,927,000 | 8,260,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,777,000 | 3,522,000 | 5,123,000 | 6,607,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,777,000 | 3,522,000 | 5,123,000 | 6,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,916,000 | 36,166,000 | 37,024,000 | 38,012,000 |
| Total capital | 38,190,000 | 39,513,000 | 40,303,000 | 41,222,000 |
| Risk-weighted assets | 261,546,000 | 267,416,000 | 261,926,000 | 256,345,000 |