Call reports 2014
VERGAS STATE BANK — 2014
What VERGAS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 48,750,000 | 48,148,000 | 48,467,000 | 47,737,000 |
| Total loans | 17,938,000 | 17,331,000 | 17,273,000 | 18,251,000 |
| Allowance for loan losses | 435,000 | 352,000 | 355,000 | 357,000 |
| Securities available for sale | 15,066,000 | 15,381,000 | 15,567,000 | 14,726,000 |
| Securities held to maturity | 6,270,000 | 6,266,000 | 6,522,000 | 6,334,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,565,000 | 41,664,000 | 41,730,000 | 40,941,000 |
| Interest-bearing deposits | 37,142,000 | 35,816,000 | 34,663,000 | 33,791,000 |
| Noninterest-bearing deposits | 5,423,000 | 5,848,000 | 7,067,000 | 7,150,000 |
| Equity capital | 6,032,000 | 6,306,000 | 6,529,000 | 6,662,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 383,000 | 765,000 | 1,146,000 | 1,536,000 |
| Interest expense | 77,000 | 150,000 | 221,000 | 289,000 |
| Net interest income | 306,000 | 615,000 | 925,000 | 1,247,000 |
| Noninterest income | 34,000 | 69,000 | 102,000 | 132,000 |
| Noninterest expense | 236,000 | 475,000 | 713,000 | 1,008,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 104,000 | 209,000 | 314,000 | 380,000 |
| Income tax | 30,000 | 66,000 | 100,000 | 117,000 |
| Net income | 74,000 | 143,000 | 214,000 | 263,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,512,000 | 6,581,000 | 6,652,000 | 6,701,000 |
| Total capital | 6,797,000 | 6,857,000 | 6,927,000 | 6,980,000 |
| Risk-weighted assets | 22,695,000 | 22,023,000 | 21,890,000 | 22,204,000 |