Call reports 2008
VERGAS STATE BANK — 2008
What VERGAS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 36,103,000 | 37,700,000 | 37,011,000 | 36,483,000 |
| Total loans | 15,903,000 | 15,834,000 | 18,031,000 | 18,562,000 |
| Allowance for loan losses | 371,000 | 372,000 | 373,000 | 394,000 |
| Securities available for sale | 11,866,000 | 13,079,000 | 12,836,000 | 11,781,000 |
| Securities held to maturity | 2,005,000 | 2,337,000 | 2,497,000 | 2,432,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,540,000 | 32,139,000 | 31,304,000 | 30,771,000 |
| Interest-bearing deposits | 26,988,000 | 28,512,000 | 27,513,000 | 26,770,000 |
| Noninterest-bearing deposits | 3,552,000 | 3,627,000 | 3,791,000 | 4,001,000 |
| Equity capital | 5,254,000 | 5,247,000 | 5,352,000 | 5,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 518,000 | 1,021,000 | 1,539,000 | 2,066,000 |
| Interest expense | 248,000 | 474,000 | 690,000 | 886,000 |
| Net interest income | 270,000 | 547,000 | 849,000 | 1,180,000 |
| Noninterest income | 43,000 | 86,000 | 126,000 | 160,000 |
| Noninterest expense | 232,000 | 453,000 | 664,000 | 941,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 101,000 | 204,000 | 335,000 | 373,000 |
| Income tax | 30,000 | 55,000 | 75,000 | 136,000 |
| Net income | 71,000 | 149,000 | 260,000 | 237,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,219,000 | 5,296,000 | 5,407,000 | 5,384,000 |
| Total capital | 5,450,000 | 5,531,000 | 5,662,000 | 5,642,000 |
| Risk-weighted assets | 18,321,000 | 18,689,000 | 20,312,000 | 20,486,000 |