Call reports 2008
VERMILION VALLEY BANK — 2008
What VERMILION VALLEY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 99,113,000 | 98,236,000 | 97,723,000 | 102,542,000 |
| Total loans | 56,916,000 | 57,335,000 | 58,411,000 | 62,883,000 |
| Allowance for loan losses | 811,000 | 871,000 | 940,000 | 871,000 |
| Securities available for sale | 36,490,000 | 34,648,000 | 33,367,000 | 31,633,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,933,000 | 81,892,000 | 80,810,000 | 83,787,000 |
| Interest-bearing deposits | 68,700,000 | 67,778,000 | 66,785,000 | 64,814,000 |
| Noninterest-bearing deposits | 16,233,000 | 14,114,000 | 14,025,000 | 18,973,000 |
| Equity capital | 9,897,000 | 9,546,000 | 9,729,000 | 10,038,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,265,000 | 2,534,000 | 3,788,000 | 5,077,000 |
| Interest expense | 579,000 | 1,122,000 | 1,612,000 | 2,054,000 |
| Net interest income | 686,000 | 1,412,000 | 2,176,000 | 3,023,000 |
| Noninterest income | 97,000 | 158,000 | 227,000 | 305,000 |
| Noninterest expense | 465,000 | 918,000 | 1,454,000 | 1,941,000 |
| Provision for loan losses | 45,000 | 120,000 | 195,000 | 270,000 |
| Pretax income | 273,000 | 532,000 | 754,000 | 1,115,000 |
| Income tax | 1,000 | 2,000 | -2,000 | 5,000 |
| Net income | 272,000 | 530,000 | 756,000 | 1,110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,793,000 | 8,732,000 | 8,913,000 | 9,037,000 |
| Total capital | 9,571,000 | 9,516,000 | 9,715,000 | 9,889,000 |
| Risk-weighted assets | 62,178,000 | 62,649,000 | 63,990,000 | 68,102,000 |