Call reports 2008
VANTAGESOUTH BANK — 2008
What VANTAGESOUTH 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 | 77,147,000 | 94,674,000 | 102,452,000 | 95,007,000 |
| Total loans | 58,553,000 | 78,992,000 | 86,161,000 | 77,995,000 |
| Allowance for loan losses | 726,000 | 977,000 | 1,131,000 | 1,174,000 |
| Securities available for sale | 8,754,000 | 10,467,000 | 10,530,000 | 10,483,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,098,000 | 75,230,000 | 81,139,000 | 77,569,000 |
| Interest-bearing deposits | 58,045,000 | 71,828,000 | 78,311,000 | 74,729,000 |
| Noninterest-bearing deposits | 3,053,000 | 3,402,000 | 2,828,000 | 2,840,000 |
| Equity capital | 8,520,000 | 7,988,000 | 8,029,000 | 7,595,000 |
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 | 1,049,000 | 2,233,000 | 3,641,000 | 5,025,000 |
| Interest expense | 585,000 | 1,242,000 | 2,000,000 | 2,784,000 |
| Net interest income | 464,000 | 991,000 | 1,641,000 | 2,241,000 |
| Noninterest income | 61,000 | 162,000 | 262,000 | 355,000 |
| Noninterest expense | 655,000 | 1,388,000 | 2,172,000 | 2,935,000 |
| Provision for loan losses | 142,000 | 393,000 | 547,000 | 1,050,000 |
| Pretax income | -263,000 | -619,000 | -807,000 | -1,380,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -263,000 | -619,000 | -807,000 | -1,380,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,430,000 | 8,109,000 | 7,956,000 | 7,417,000 |
| Total capital | 9,156,000 | 9,086,000 | 9,067,000 | 8,423,000 |
| Risk-weighted assets | 59,577,000 | 82,342,000 | 88,841,000 | 80,357,000 |