Call reports 2023
VERGAS STATE BANK — 2023
What VERGAS STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 54,294,000 | 53,751,000 | 52,948,000 | 54,249,000 |
| Total loans | 19,213,000 | 19,279,000 | 19,218,000 | 19,969,000 |
| Allowance for loan losses | 408,000 | 408,000 | 402,000 | 410,000 |
| Securities available for sale | 18,024,000 | 18,384,000 | 18,951,000 | 18,665,000 |
| Securities held to maturity | 4,012,000 | 3,147,000 | 3,132,000 | 3,084,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,019,000 | 46,409,000 | 45,510,000 | 46,548,000 |
| Interest-bearing deposits | 32,182,000 | 31,328,000 | 31,215,000 | 32,473,000 |
| Noninterest-bearing deposits | 14,837,000 | 15,081,000 | 14,295,000 | 14,075,000 |
| Equity capital | 7,157,000 | 7,143,000 | 7,241,000 | 7,606,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 412,000 | 873,000 | 1,341,000 | 1,845,000 |
| Interest expense | 68,000 | 155,000 | 256,000 | 375,000 |
| Net interest income | 344,000 | 718,000 | 1,085,000 | 1,470,000 |
| Noninterest income | 17,000 | 30,000 | 43,000 | 57,000 |
| Noninterest expense | 266,000 | 529,000 | 840,000 | 1,142,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 95,000 | 219,000 | 288,000 | 385,000 |
| Income tax | 19,000 | 57,000 | 76,000 | 104,000 |
| Net income | 76,000 | 162,000 | 212,000 | 281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,967,000 | 8,053,000 | 8,103,000 | 8,171,000 |