Call reports 2007
VERGAS STATE BANK — 2007
What VERGAS STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 35,032,000 | 36,155,000 | 37,104,000 | 35,735,000 |
| Total loans | 16,375,000 | 15,652,000 | 16,531,000 | 16,462,000 |
| Allowance for loan losses | 450,000 | 582,000 | 274,000 | 369,000 |
| Securities available for sale | 12,946,000 | 12,860,000 | 13,010,000 | 12,365,000 |
| Securities held to maturity | 1,954,000 | 1,954,000 | 2,059,000 | 2,004,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,754,000 | 30,904,000 | 31,717,000 | 30,320,000 |
| Interest-bearing deposits | 26,104,000 | 26,814,000 | 25,937,000 | 25,934,000 |
| Noninterest-bearing deposits | 3,650,000 | 4,090,000 | 5,780,000 | 4,386,000 |
| Equity capital | 5,014,000 | 4,943,000 | 5,028,000 | 5,164,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 510,000 | 1,023,000 | 1,562,000 | 2,104,000 |
| Interest expense | 246,000 | 500,000 | 763,000 | 1,025,000 |
| Net interest income | 264,000 | 523,000 | 799,000 | 1,079,000 |
| Noninterest income | 34,000 | 69,000 | 107,000 | 146,000 |
| Noninterest expense | 204,000 | 426,000 | 656,000 | 865,000 |
| Provision for loan losses | 0 | 105,000 | 205,000 | 205,000 |
| Pretax income | 94,000 | 61,000 | 45,000 | 158,000 |
| Income tax | 20,000 | 10,000 | 10,000 | 39,000 |
| Net income | 74,000 | 51,000 | 35,000 | 119,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,102,000 | 5,079,000 | 5,063,000 | 5,147,000 |
| Total capital | 5,341,000 | 5,317,000 | 5,308,000 | 5,388,000 |
| Risk-weighted assets | 18,922,000 | 18,704,000 | 19,578,000 | 19,174,000 |