Call reports 2022
VERGAS STATE BANK — 2022
What VERGAS STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 55,272,000 | 54,949,000 | 54,145,000 | 53,119,000 |
| Total loans | 16,755,000 | 17,362,000 | 18,169,000 | 19,602,000 |
| Allowance for loan losses | 402,000 | 402,000 | 408,000 | 408,000 |
| Securities available for sale | 15,516,000 | 15,784,000 | 16,235,000 | 16,893,000 |
| Securities held to maturity | 5,822,000 | 5,658,000 | 5,213,000 | 4,503,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,986,000 | 47,768,000 | 47,162,000 | 46,116,000 |
| Interest-bearing deposits | 35,086,000 | 34,844,000 | 33,848,000 | 32,844,000 |
| Noninterest-bearing deposits | 12,900,000 | 12,924,000 | 13,314,000 | 13,272,000 |
| Equity capital | 7,204,000 | 7,068,000 | 6,840,000 | 6,963,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 275,000 | 577,000 | 921,000 | 1,302,000 |
| Interest expense | 38,000 | 76,000 | 113,000 | 165,000 |
| Net interest income | 237,000 | 501,000 | 808,000 | 1,137,000 |
| Noninterest income | 15,000 | 30,000 | 145,000 | 160,000 |
| Noninterest expense | 275,000 | 528,000 | 794,000 | 1,083,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -23,000 | 3,000 | 159,000 | 214,000 |
| Income tax | 0 | 0 | 0 | 42,000 |
| Net income | -23,000 | 3,000 | 159,000 | 172,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,726,000 | 7,752,000 | 7,908,000 | 7,921,000 |