Call reports 2006
VANTAGESOUTH BANK — 2006
What VANTAGESOUTH BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 11,817,000 | 22,354,000 | 25,725,000 | 31,134,000 |
| Total loans | 6,104,000 | 15,711,000 | 19,121,000 | 24,049,000 |
| Allowance for loan losses | 92,000 | 236,000 | 234,000 | 294,000 |
| Securities available for sale | 0 | 2,139,000 | 2,414,000 | 2,878,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 971,000 | 11,996,000 | 15,427,000 | 20,585,000 |
| Interest-bearing deposits | 456,000 | 11,513,000 | 14,242,000 | 19,545,000 |
| Noninterest-bearing deposits | 515,000 | 483,000 | 1,185,000 | 1,040,000 |
| Equity capital | 10,540,000 | 10,321,000 | 10,177,000 | 9,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 120,000 | 371,000 | 774,000 | 1,250,000 |
| Interest expense | 54,000 | 135,000 | 295,000 | 497,000 |
| Net interest income | 66,000 | 236,000 | 479,000 | 753,000 |
| Noninterest income | 12,000 | 25,000 | 55,000 | 102,000 |
| Noninterest expense | 282,000 | 703,000 | 1,132,000 | 1,655,000 |
| Provision for loan losses | 92,000 | 236,000 | 234,000 | 294,000 |
| Pretax income | -296,000 | -678,000 | -832,000 | -1,094,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -296,000 | -678,000 | -832,000 | -1,094,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,540,000 | 10,321,000 | 10,177,000 | 9,909,000 |
| Total capital | 10,632,000 | 10,554,000 | 10,408,000 | 10,200,000 |
| Risk-weighted assets | 9,183,000 | 17,604,000 | 20,957,000 | 26,024,000 |