Call reports 2003
VERGAS STATE BANK — 2003
What VERGAS STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 33,257,000 | 33,918,000 | 35,205,000 | 35,609,000 |
| Total loans | 16,289,000 | 16,532,000 | 16,352,000 | 15,494,000 |
| Allowance for loan losses | 227,000 | 231,000 | 252,000 | 223,000 |
| Securities available for sale | 8,854,000 | 8,478,000 | 10,770,000 | 12,887,000 |
| Securities held to maturity | 2,152,000 | 2,617,000 | 3,198,000 | 3,213,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,430,000 | 28,982,000 | 30,249,000 | 30,696,000 |
| Interest-bearing deposits | 24,565,000 | 25,134,000 | 25,273,000 | 26,001,000 |
| Noninterest-bearing deposits | 3,865,000 | 3,848,000 | 4,976,000 | 4,695,000 |
| Equity capital | 4,609,000 | 4,711,000 | 4,726,000 | 4,785,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 449,000 | 899,000 | 1,347,000 | 1,794,000 |
| Interest expense | 157,000 | 312,000 | 461,000 | 605,000 |
| Net interest income | 292,000 | 587,000 | 886,000 | 1,189,000 |
| Noninterest income | 36,000 | 70,000 | 105,000 | 133,000 |
| Noninterest expense | 166,000 | 337,000 | 511,000 | 741,000 |
| Provision for loan losses | 0 | 0 | 20,000 | 20,000 |
| Pretax income | 164,000 | 322,000 | 462,000 | 563,000 |
| Income tax | 60,000 | 118,000 | 169,000 | 205,000 |
| Net income | 104,000 | 204,000 | 293,000 | 358,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,541,000 | 4,641,000 | 4,730,000 | 4,795,000 |
| Total capital | 4,768,000 | 4,872,000 | 4,982,000 | 5,018,000 |
| Risk-weighted assets | 19,021,000 | 19,341,000 | 19,646,000 | 18,920,000 |