Call reports 2022
VERIMORE BANK — 2022
What VERIMORE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 369,232,000 | 377,030,000 | 441,781,000 | 452,884,000 |
| Total loans | 277,431,000 | 316,042,000 | 341,317,000 | 347,317,000 |
| Allowance for loan losses | 3,680,000 | 3,705,000 | 3,893,000 | 4,099,000 |
| Securities available for sale | 28,829,000 | 30,210,000 | 30,413,000 | 30,616,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 331,507,000 | 339,039,000 | 403,778,000 | 408,288,000 |
| Interest-bearing deposits | 236,274,000 | 242,872,000 | 264,560,000 | 273,161,000 |
| Noninterest-bearing deposits | 95,233,000 | 96,168,000 | 139,218,000 | 135,127,000 |
| Equity capital | 37,319,000 | 37,371,000 | 37,264,000 | 43,650,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 3,351,000 | 7,529,000 | 12,235,000 | 17,671,000 |
| Interest expense | 332,000 | 653,000 | 1,203,000 | 2,340,000 |
| Net interest income | 3,019,000 | 6,876,000 | 11,032,000 | 15,331,000 |
| Noninterest income | 219,000 | 433,000 | 687,000 | 957,000 |
| Noninterest expense | 2,108,000 | 4,258,000 | 6,482,000 | 9,104,000 |
| Provision for loan losses | 0 | 0 | 182,000 | 459,000 |
| Pretax income | 1,129,000 | 3,046,000 | 5,050,000 | 6,723,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,129,000 | 3,046,000 | 5,050,000 | 6,723,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,647,000 | 38,320,000 | 39,078,000 | 45,257,000 |
| Total capital | 41,132,000 | 42,025,000 | 42,971,000 | 49,356,000 |
| Risk-weighted assets | 278,577,000 | 319,602,000 | 348,300,000 | 369,835,000 |