Call reports 2016
VIRGINIA NATIONAL BANK — 2016
What VIRGINIA NATIONAL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 555,407,000 | 545,226,000 | 569,069,000 | 604,638,000 |
| Total loans | 424,588,000 | 424,593,000 | 430,890,000 | 482,135,000 |
| Allowance for loan losses | 3,440,000 | 3,186,000 | 3,278,000 | 3,688,000 |
| Securities available for sale | 71,436,000 | 69,545,000 | 70,447,000 | 56,662,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 479,959,000 | 471,661,000 | 496,563,000 | 525,812,000 |
| Interest-bearing deposits | 306,361,000 | 302,018,000 | 319,116,000 | 348,553,000 |
| Noninterest-bearing deposits | 173,598,000 | 169,643,000 | 177,447,000 | 177,259,000 |
| Equity capital | 55,297,000 | 56,788,000 | 57,896,000 | 57,841,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 4,754,000 | 9,420,000 | 14,191,000 | 19,211,000 |
| Interest expense | 240,000 | 475,000 | 710,000 | 937,000 |
| Net interest income | 4,514,000 | 8,945,000 | 13,481,000 | 18,274,000 |
| Noninterest income | 1,116,000 | 2,366,000 | 3,599,000 | 5,286,000 |
| Noninterest expense | 3,654,000 | 7,343,000 | 11,095,000 | 14,911,000 |
| Provision for loan losses | -120,000 | -395,000 | -290,000 | 111,000 |
| Pretax income | 2,104,000 | 4,371,000 | 6,464,000 | 8,735,000 |
| Income tax | 652,000 | 1,360,000 | 2,010,000 | 2,724,000 |
| Net income | 1,452,000 | 3,011,000 | 4,454,000 | 6,011,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,168,000 | 55,449,000 | 56,588,000 | 57,840,000 |
| Total capital | 57,608,000 | 58,635,000 | 59,866,000 | 61,528,000 |
| Risk-weighted assets | 451,076,000 | 453,049,000 | 469,768,000 | 495,726,000 |