Call reports 2009
VANTAGESOUTH BANK — 2009
What VANTAGESOUTH BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 96,385,000 | 97,294,000 | 95,269,000 | 94,778,000 |
| Total loans | 80,382,000 | 78,527,000 | 77,014,000 | 73,528,000 |
| Allowance for loan losses | 1,371,000 | 1,412,000 | 1,798,000 | 1,964,000 |
| Securities available for sale | 10,006,000 | 9,075,000 | 7,121,000 | 6,731,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,936,000 | 80,160,000 | 78,224,000 | 78,633,000 |
| Interest-bearing deposits | 76,213,000 | 76,444,000 | 74,619,000 | 74,958,000 |
| Noninterest-bearing deposits | 2,723,000 | 3,716,000 | 3,605,000 | 3,675,000 |
| Equity capital | 7,304,000 | 7,367,000 | 7,158,000 | 6,261,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,265,000 | 2,508,000 | 3,756,000 | 4,945,000 |
| Interest expense | 592,000 | 1,052,000 | 1,489,000 | 1,909,000 |
| Net interest income | 673,000 | 1,456,000 | 2,267,000 | 3,036,000 |
| Noninterest income | 88,000 | 184,000 | 277,000 | 243,000 |
| Noninterest expense | 753,000 | 1,503,000 | 2,281,000 | 3,066,000 |
| Provision for loan losses | 375,000 | 490,000 | 963,000 | 1,792,000 |
| Pretax income | -353,000 | -339,000 | -663,000 | -1,542,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -353,000 | -339,000 | -663,000 | -1,542,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,101,000 | 7,134,000 | 6,844,000 | 5,973,000 |
| Total capital | 8,117,000 | 8,053,000 | 7,781,000 | 6,931,000 |
| Risk-weighted assets | 80,939,000 | 78,179,000 | 74,164,000 | 75,504,000 |