Call reports 2024
VERIMORE BANK — 2024
What VERIMORE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 434,390,000 | 453,186,000 | 450,112,000 | 466,463,000 |
| Total loans | 370,776,000 | 376,784,000 | 377,952,000 | 388,708,000 |
| Allowance for loan losses | 4,688,000 | 4,764,000 | 4,767,000 | 4,767,000 |
| Securities available for sale | 24,787,000 | 22,817,000 | 21,893,000 | 21,221,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 371,736,000 | 390,133,000 | 386,165,000 | 405,861,000 |
| Interest-bearing deposits | 288,679,000 | 314,077,000 | 314,435,000 | 317,120,000 |
| Noninterest-bearing deposits | 83,057,000 | 76,056,000 | 71,730,000 | 88,741,000 |
| Equity capital | 45,236,000 | 45,306,000 | 46,110,000 | 46,782,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 6,465,000 | 13,154,000 | 20,263,000 | 27,480,000 |
| Interest expense | 2,597,000 | 5,296,000 | 8,309,000 | 11,200,000 |
| Net interest income | 3,868,000 | 7,858,000 | 11,954,000 | 16,280,000 |
| Noninterest income | 373,000 | 627,000 | 921,000 | 1,210,000 |
| Noninterest expense | 2,542,000 | 5,069,000 | 7,698,000 | 10,426,000 |
| Provision for loan losses | 46,000 | 117,000 | 117,000 | 117,000 |
| Pretax income | 1,635,000 | 3,286,000 | 5,051,000 | 6,934,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,635,000 | 3,286,000 | 5,051,000 | 6,934,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,318,000 | 46,474,000 | 46,744,000 | 47,382,000 |
| Total capital | 50,991,000 | 51,192,000 | 51,466,000 | 52,264,000 |
| Risk-weighted assets | 373,681,000 | 377,291,000 | 377,581,000 | 390,577,000 |