Call reports 2016
VIRGINIA COMMONWEALTH BANK — 2016
What VIRGINIA COMMONWEALTH 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 | 327,378,000 | 324,858,000 | 323,617,000 | 318,977,000 |
| Total loans | 275,974,000 | 274,619,000 | 261,159,000 | 266,609,000 |
| Allowance for loan losses | 3,224,000 | 3,156,000 | 3,040,000 | 2,535,000 |
| Securities available for sale | 27,167,000 | 23,700,000 | 23,954,000 | 21,522,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 243,305,000 | 246,353,000 | 253,682,000 | 257,888,000 |
| Interest-bearing deposits | 226,125,000 | 228,795,000 | 235,660,000 | 240,239,000 |
| Noninterest-bearing deposits | 17,180,000 | 17,558,000 | 18,022,000 | 17,649,000 |
| Equity capital | 34,399,000 | 34,970,000 | 35,569,000 | 35,115,000 |
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 | 2,955,000 | 6,084,000 | 9,157,000 | 12,207,000 |
| Interest expense | 401,000 | 831,000 | 1,265,000 | 1,708,000 |
| Net interest income | 2,554,000 | 5,253,000 | 7,892,000 | 10,499,000 |
| Noninterest income | 262,000 | 439,000 | 597,000 | 741,000 |
| Noninterest expense | 1,996,000 | 3,987,000 | 5,946,000 | 8,464,000 |
| Provision for loan losses | 150,000 | 300,000 | 375,000 | 125,000 |
| Pretax income | 700,000 | 1,440,000 | 2,203,000 | 2,686,000 |
| Income tax | 215,000 | 446,000 | 683,000 | 852,000 |
| Net income | 485,000 | 994,000 | 1,520,000 | 1,834,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,821,000 | 33,331,000 | 33,857,000 | 35,011,000 |
| Total capital | 36,188,000 | 36,852,000 | 37,231,000 | 37,943,000 |
| Risk-weighted assets | 268,468,000 | 281,018,000 | 269,240,000 | 264,432,000 |