Call reports 2010
VANTAGESOUTH BANK — 2010
What VANTAGESOUTH BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 92,770,000 | 89,908,000 | 82,884,000 | 81,160,000 |
| Total loans | 72,662,000 | 69,497,000 | 65,405,000 | 63,403,000 |
| Allowance for loan losses | 2,020,000 | 2,064,000 | 2,039,000 | 1,880,000 |
| Securities available for sale | 12,866,000 | 12,295,000 | 10,711,000 | 10,305,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,167,000 | 68,797,000 | 62,944,000 | 63,787,000 |
| Interest-bearing deposits | 67,675,000 | 65,467,000 | 59,639,000 | 57,469,000 |
| Noninterest-bearing deposits | 3,492,000 | 3,330,000 | 3,305,000 | 6,318,000 |
| Equity capital | 13,484,000 | 12,713,000 | 11,192,000 | 8,563,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,161,000 | 2,228,000 | 3,260,000 | 4,319,000 |
| Interest expense | 376,000 | 708,000 | 979,000 | 1,180,000 |
| Net interest income | 785,000 | 1,520,000 | 2,281,000 | 3,139,000 |
| Noninterest income | 94,000 | 224,000 | 312,000 | -1,125,000 |
| Noninterest expense | 766,000 | 1,806,000 | 3,222,000 | 3,952,000 |
| Provision for loan losses | 61,000 | 1,158,000 | 2,259,000 | 3,172,000 |
| Pretax income | 352,000 | -920,000 | -2,588,000 | -4,810,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 352,000 | -920,000 | -2,588,000 | -4,810,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,558,000 | 8,456,000 | 9,825,000 | 8,497,000 |
| Total capital | 14,468,000 | 13,474,000 | 11,763,000 | 9,304,000 |
| Risk-weighted assets | 71,950,000 | 69,091,000 | 65,302,000 | 63,495,000 |