Call reports 2003
VERSABANK USA, NATIONAL ASSOCIATION — 2003
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 45,498,000 | 44,200,000 | 41,710,000 | 50,471,000 |
| Total loans | 33,807,000 | 33,738,000 | 29,603,000 | 42,285,000 |
| Allowance for loan losses | 765,000 | 653,000 | 723,000 | 797,000 |
| Securities available for sale | 7,680,000 | 5,638,000 | 4,454,000 | 3,716,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,423,000 | 34,529,000 | 32,827,000 | 42,972,000 |
| Interest-bearing deposits | 33,477,000 | 32,475,000 | 30,411,000 | 40,687,000 |
| Noninterest-bearing deposits | 1,946,000 | 2,054,000 | 2,416,000 | 2,285,000 |
| Equity capital | 8,141,000 | 8,461,000 | 8,735,000 | 7,383,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 806,000 | 1,557,000 | 2,225,000 | 2,872,000 |
| Interest expense | 174,000 | 329,000 | 463,000 | 588,000 |
| Net interest income | 632,000 | 1,228,000 | 1,762,000 | 2,284,000 |
| Noninterest income | 27,000 | 38,000 | 77,000 | 96,000 |
| Noninterest expense | 257,000 | 434,000 | 638,000 | 855,000 |
| Provision for loan losses | 20,000 | 40,000 | 70,000 | 150,000 |
| Pretax income | 449,000 | 859,000 | 1,198,000 | 1,442,000 |
| Income tax | 280,000 | 280,000 | 280,000 | 280,000 |
| Net income | 169,000 | 579,000 | 918,000 | 1,162,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,795,000 | 8,205,000 | 8,544,000 | 7,217,000 |
| Total capital | 8,256,000 | 8,658,000 | 8,948,000 | 7,786,000 |
| Risk-weighted assets | 36,551,000 | 36,040,000 | 31,995,000 | 45,305,000 |
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