Call reports 2007
VANTAGESOUTH BANK — 2007
What VANTAGESOUTH BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 39,773,000 | 49,656,000 | 56,298,000 | 61,025,000 |
| Total loans | 28,753,000 | 35,824,000 | 43,066,000 | 47,001,000 |
| Allowance for loan losses | 359,000 | 447,000 | 532,000 | 588,000 |
| Securities available for sale | 2,828,000 | 5,127,000 | 7,786,000 | 7,885,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,780,000 | 37,872,000 | 44,578,000 | 49,198,000 |
| Interest-bearing deposits | 25,437,000 | 35,804,000 | 41,957,000 | 46,724,000 |
| Noninterest-bearing deposits | 2,343,000 | 2,069,000 | 2,621,000 | 2,474,000 |
| Equity capital | 9,674,000 | 9,292,000 | 9,086,000 | 8,728,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 560,000 | 1,295,000 | 2,189,000 | 3,180,000 |
| Interest expense | 263,000 | 659,000 | 1,165,000 | 1,730,000 |
| Net interest income | 297,000 | 636,000 | 1,024,000 | 1,450,000 |
| Noninterest income | 42,000 | 117,000 | 182,000 | 254,000 |
| Noninterest expense | 518,000 | 1,174,000 | 1,818,000 | 2,544,000 |
| Provision for loan losses | 65,000 | 153,000 | 238,000 | 294,000 |
| Pretax income | -244,000 | -574,000 | -850,000 | -1,134,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -244,000 | -574,000 | -850,000 | -1,382,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,665,000 | 9,335,000 | 9,059,000 | 8,658,000 |
| Total capital | 10,021,000 | 9,782,000 | 9,591,000 | 9,245,000 |
| Risk-weighted assets | 31,981,000 | 39,548,000 | 46,511,000 | 49,404,000 |