Call reports 2024
VERGAS STATE BANK — 2024
What VERGAS STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 54,622,000 | 54,725,000 | 54,939,000 | 55,047,000 |
| Total loans | 21,394,000 | 23,764,000 | 25,923,000 | 26,581,000 |
| Allowance for loan losses | 410,000 | 410,000 | 414,000 | 414,000 |
| Securities available for sale | 18,636,000 | 17,925,000 | 16,710,000 | 13,838,000 |
| Securities held to maturity | 2,258,000 | 2,588,000 | 2,572,000 | 2,279,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,723,000 | 47,179,000 | 46,992,000 | 47,068,000 |
| Interest-bearing deposits | 32,693,000 | 33,457,000 | 33,203,000 | 33,299,000 |
| Noninterest-bearing deposits | 14,030,000 | 13,722,000 | 13,789,000 | 13,769,000 |
| Equity capital | 7,728,000 | 7,387,000 | 7,731,000 | 7,775,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 536,000 | 1,116,000 | 1,726,000 | 2,376,000 |
| Interest expense | 137,000 | 297,000 | 476,000 | 663,000 |
| Net interest income | 399,000 | 819,000 | 1,250,000 | 1,713,000 |
| Noninterest income | 14,000 | 27,000 | 40,000 | 52,000 |
| Noninterest expense | 302,000 | 599,000 | 895,000 | 1,316,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 111,000 | 247,000 | 395,000 | 454,000 |
| Income tax | 22,000 | 65,000 | 103,000 | 123,000 |
| Net income | 89,000 | 182,000 | 292,000 | 331,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,261,000 | 7,854,000 | 7,964,000 | 8,003,000 |