Call reports 2002
VERGAS STATE BANK — 2002
What VERGAS STATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 31,102,000 | 31,513,000 | 31,818,000 | 32,799,000 |
| Total loans | 15,970,000 | 16,025,000 | 15,842,000 | 15,411,000 |
| Allowance for loan losses | 215,000 | 215,000 | 194,000 | 227,000 |
| Securities available for sale | 8,744,000 | 8,813,000 | 10,187,000 | 9,298,000 |
| Securities held to maturity | 1,937,000 | 2,037,000 | 2,097,000 | 2,467,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,490,000 | 26,722,000 | 26,881,000 | 27,934,000 |
| Interest-bearing deposits | 23,567,000 | 23,374,000 | 23,106,000 | 24,173,000 |
| Noninterest-bearing deposits | 2,923,000 | 3,348,000 | 3,775,000 | 3,761,000 |
| Equity capital | 4,358,000 | 4,535,000 | 4,655,000 | 4,691,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 489,000 | 979,000 | 1,463,000 | 1,915,000 |
| Interest expense | 200,000 | 388,000 | 565,000 | 733,000 |
| Net interest income | 289,000 | 591,000 | 898,000 | 1,182,000 |
| Noninterest income | 41,000 | 75,000 | 108,000 | 139,000 |
| Noninterest expense | 147,000 | 329,000 | 495,000 | 708,000 |
| Provision for loan losses | 0 | 0 | 10,000 | 65,000 |
| Pretax income | 183,000 | 337,000 | 503,000 | 551,000 |
| Income tax | 65,000 | 116,000 | 176,000 | 200,000 |
| Net income | 118,000 | 221,000 | 327,000 | 351,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,364,000 | 4,467,000 | 4,573,000 | 4,597,000 |
| Total capital | 4,579,000 | 4,682,000 | 4,767,000 | 4,824,000 |
| Risk-weighted assets | 18,004,000 | 18,259,000 | 18,206,000 | 17,975,000 |