Call reports 2011
VERGAS STATE BANK — 2011
What VERGAS STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 42,931,000 | 45,815,000 | 46,967,000 | 46,287,000 |
| Total loans | 18,925,000 | 19,130,000 | 19,398,000 | 19,134,000 |
| Allowance for loan losses | 385,000 | 389,000 | 387,000 | 408,000 |
| Securities available for sale | 10,821,000 | 11,968,000 | 12,928,000 | 11,848,000 |
| Securities held to maturity | 4,407,000 | 4,357,000 | 4,682,000 | 4,997,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,831,000 | 39,412,000 | 40,405,000 | 39,856,000 |
| Interest-bearing deposits | 31,570,000 | 34,461,000 | 34,611,000 | 34,291,000 |
| Noninterest-bearing deposits | 5,261,000 | 4,951,000 | 5,794,000 | 5,565,000 |
| Equity capital | 5,899,000 | 6,099,000 | 6,216,000 | 6,216,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 420,000 | 850,000 | 1,275,000 | 1,692,000 |
| Interest expense | 116,000 | 231,000 | 346,000 | 454,000 |
| Net interest income | 304,000 | 619,000 | 929,000 | 1,238,000 |
| Noninterest income | 41,000 | 86,000 | 134,000 | 172,000 |
| Noninterest expense | 220,000 | 457,000 | 686,000 | 944,000 |
| Provision for loan losses | 0 | 0 | 0 | 40,000 |
| Pretax income | 126,000 | 250,000 | 379,000 | 429,000 |
| Income tax | 42,000 | 85,000 | 125,000 | 148,000 |
| Net income | 84,000 | 165,000 | 254,000 | 281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,923,000 | 6,004,000 | 6,093,000 | 6,119,000 |
| Total capital | 6,198,000 | 6,289,000 | 6,382,000 | 6,405,000 |
| Risk-weighted assets | 21,924,000 | 22,719,000 | 23,049,000 | 22,735,000 |