Call reports 2023
VERIMORE BANK — 2023
What VERIMORE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 389,607,000 | 429,076,000 | 438,031,000 | 446,105,000 |
| Total loans | 344,036,000 | 346,537,000 | 355,629,000 | 362,453,000 |
| Allowance for loan losses | 4,364,000 | 4,343,000 | 4,469,000 | 4,643,000 |
| Securities available for sale | 30,668,000 | 29,766,000 | 28,895,000 | 27,268,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 344,795,000 | 373,554,000 | 381,978,000 | 383,253,000 |
| Interest-bearing deposits | 242,436,000 | 226,215,000 | 274,635,000 | 285,593,000 |
| Noninterest-bearing deposits | 102,359,000 | 147,338,000 | 107,343,000 | 97,660,000 |
| Equity capital | 43,897,000 | 44,114,000 | 44,427,000 | 45,055,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 5,302,000 | 10,862,000 | 16,909,000 | 23,288,000 |
| Interest expense | 1,102,000 | 2,503,000 | 4,350,000 | 6,691,000 |
| Net interest income | 4,200,000 | 8,359,000 | 12,559,000 | 16,597,000 |
| Noninterest income | 273,000 | 553,000 | 825,000 | 1,101,000 |
| Noninterest expense | 2,384,000 | 4,844,000 | 7,364,000 | 9,905,000 |
| Provision for loan losses | -57,000 | -57,000 | 63,000 | 241,000 |
| Pretax income | 2,087,000 | 4,062,000 | 5,898,000 | 7,325,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,087,000 | 4,062,000 | 5,898,000 | 7,325,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,422,000 | 45,902,000 | 46,244,000 | 46,177,000 |
| Total capital | 49,843,000 | 50,408,000 | 50,846,000 | 50,856,000 |
| Risk-weighted assets | 353,548,000 | 360,883,000 | 368,162,000 | 374,092,000 |