Call reports 2020
VERGAS STATE BANK — 2020
What VERGAS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 50,525,000 | 52,414,000 | 51,252,000 | 51,515,000 |
| Total loans | 17,657,000 | 17,980,000 | 18,224,000 | 18,795,000 |
| Allowance for loan losses | 395,000 | 395,000 | 395,000 | 395,000 |
| Securities available for sale | 2,002,000 | 551,000 | 1,300,000 | 1,799,000 |
| Securities held to maturity | 3,927,000 | 4,074,000 | 4,059,000 | 6,506,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,749,000 | 44,563,000 | 43,381,000 | 43,791,000 |
| Interest-bearing deposits | 34,813,000 | 35,523,000 | 33,511,000 | 33,507,000 |
| Noninterest-bearing deposits | 7,936,000 | 9,040,000 | 9,870,000 | 10,284,000 |
| Equity capital | 7,641,000 | 7,677,000 | 7,666,000 | 7,664,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 370,000 | 746,000 | 1,079,000 | 1,407,000 |
| Interest expense | 98,000 | 184,000 | 262,000 | 328,000 |
| Net interest income | 272,000 | 562,000 | 817,000 | 1,079,000 |
| Noninterest income | 21,000 | 34,000 | 47,000 | 61,000 |
| Noninterest expense | 252,000 | 506,000 | 789,000 | 1,084,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 41,000 | 90,000 | 88,000 | 69,000 |
| Income tax | 7,000 | 18,000 | 18,000 | 0 |
| Net income | 34,000 | 72,000 | 70,000 | 69,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,630,000 | 7,668,000 | 7,666,000 | 7,665,000 |