Call reports 2004
VERSABANK USA, NATIONAL ASSOCIATION — 2004
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 52,463,000 | 51,529,000 | 56,665,000 | 55,427,000 |
| Total loans | 47,651,000 | 47,754,000 | 48,166,000 | 47,479,000 |
| Allowance for loan losses | 846,000 | 906,000 | 961,000 | 1,004,000 |
| Securities available for sale | 3,004,000 | 3,208,000 | 4,930,000 | 4,709,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,434,000 | 44,637,000 | 49,564,000 | 48,215,000 |
| Interest-bearing deposits | 41,933,000 | 41,865,000 | 47,234,000 | 45,672,000 |
| Noninterest-bearing deposits | 2,501,000 | 2,772,000 | 2,330,000 | 2,543,000 |
| Equity capital | 7,779,000 | 6,700,000 | 6,883,000 | 6,998,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 788,000 | 1,599,000 | 2,419,000 | 3,268,000 |
| Interest expense | 149,000 | 311,000 | 514,000 | 736,000 |
| Net interest income | 639,000 | 1,288,000 | 1,905,000 | 2,532,000 |
| Noninterest income | 16,000 | 39,000 | 70,000 | 108,000 |
| Noninterest expense | 187,000 | 390,000 | 594,000 | 818,000 |
| Provision for loan losses | 50,000 | 110,000 | 170,000 | 230,000 |
| Pretax income | 418,000 | 827,000 | 1,219,000 | 1,600,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 418,000 | 827,000 | 1,219,000 | 1,600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,635,000 | 6,623,000 | 6,791,000 | 6,947,000 |
| Total capital | 8,260,000 | 7,249,000 | 7,426,000 | 7,568,000 |
| Risk-weighted assets | 49,813,000 | 49,792,000 | 50,458,000 | 49,280,000 |
Machine access — free, no API key
Every figure shown here about VERSABANK USA, NATIONAL ASSOCIATION — 2004 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts, and since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.