Call reports 2021
VERGAS STATE BANK — 2021
What VERGAS STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 53,397,000 | 54,323,000 | 56,414,000 | 56,733,000 |
| Total loans | 18,159,000 | 19,240,000 | 17,070,000 | 15,773,000 |
| Allowance for loan losses | 395,000 | 395,000 | 397,000 | 402,000 |
| Securities available for sale | 4,571,000 | 6,003,000 | 8,265,000 | 12,623,000 |
| Securities held to maturity | 6,414,000 | 6,516,000 | 6,501,000 | 6,461,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,573,000 | 46,462,000 | 48,487,000 | 49,049,000 |
| Interest-bearing deposits | 34,059,000 | 34,468,000 | 35,123,000 | 35,790,000 |
| Noninterest-bearing deposits | 11,514,000 | 11,994,000 | 13,364,000 | 13,259,000 |
| Equity capital | 7,724,000 | 7,728,000 | 7,757,000 | 7,647,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 388,000 | 707,000 | 1,007,000 | 1,291,000 |
| Interest expense | 57,000 | 108,000 | 154,000 | 197,000 |
| Net interest income | 331,000 | 599,000 | 853,000 | 1,094,000 |
| Noninterest income | 15,000 | 28,000 | 41,000 | 56,000 |
| Noninterest expense | 255,000 | 506,000 | 753,000 | 1,052,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 91,000 | 121,000 | 141,000 | 98,000 |
| Income tax | 15,000 | 28,000 | 28,000 | 14,000 |
| Net income | 76,000 | 93,000 | 113,000 | 84,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,741,000 | 7,758,000 | 7,778,000 | 7,749,000 |