Call reports 2011
VANTAGESOUTH BANK — 2011
What VANTAGESOUTH BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 85,089,000 | 90,662,000 | 101,090,000 | 106,804,000 |
| Total loans | 67,403,000 | 71,086,000 | 71,885,000 | 76,162,000 |
| Allowance for loan losses | 1,880,000 | 1,870,000 | 1,772,000 | 1,436,000 |
| Securities available for sale | 9,230,000 | 9,799,000 | 11,483,000 | 12,388,000 |
| Securities held to maturity | 500,000 | 400,000 | 400,000 | 421,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,758,000 | 73,122,000 | 83,000,000 | 89,526,000 |
| Interest-bearing deposits | 62,367,000 | 68,557,000 | 74,434,000 | 80,352,000 |
| Noninterest-bearing deposits | 5,391,000 | 4,565,000 | 8,566,000 | 9,174,000 |
| Equity capital | 8,770,000 | 9,104,000 | 9,624,000 | 8,852,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,004,000 | 2,080,000 | 3,235,000 | 4,374,000 |
| Interest expense | 174,000 | 365,000 | 568,000 | 761,000 |
| Net interest income | 830,000 | 1,715,000 | 2,667,000 | 3,613,000 |
| Noninterest income | 157,000 | 395,000 | 570,000 | 738,000 |
| Noninterest expense | 788,000 | 1,615,000 | 2,458,000 | 4,372,000 |
| Provision for loan losses | 35,000 | 65,000 | -35,000 | -110,000 |
| Pretax income | 164,000 | 430,000 | 831,000 | 106,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 164,000 | 430,000 | 831,000 | 106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,669,000 | 8,942,000 | 9,351,000 | 8,661,000 |
| Total capital | 9,516,000 | 9,812,000 | 10,300,000 | 9,688,000 |
| Risk-weighted assets | 66,758,000 | 68,576,000 | 75,011,000 | 81,770,000 |