Call reports 2006
VERSABANK USA, NATIONAL ASSOCIATION — 2006
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 61,610,000 | 67,363,000 | 71,953,000 | 71,381,000 |
| Total loans | 55,378,000 | 51,156,000 | 52,808,000 | 45,752,000 |
| Allowance for loan losses | 681,000 | 1,261,000 | 1,256,000 | 751,000 |
| Securities available for sale | 3,567,000 | 3,508,000 | 6,432,000 | 4,364,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,651,000 | 59,227,000 | 63,493,000 | 62,819,000 |
| Interest-bearing deposits | 50,907,000 | 56,679,000 | 60,844,000 | 59,904,000 |
| Noninterest-bearing deposits | 2,744,000 | 2,548,000 | 2,649,000 | 2,915,000 |
| Equity capital | 7,696,000 | 7,850,000 | 8,043,000 | 8,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,031,000 | 2,218,000 | 3,545,000 | 4,889,000 |
| Interest expense | 412,000 | 938,000 | 1,571,000 | 2,253,000 |
| Net interest income | 619,000 | 1,280,000 | 1,974,000 | 2,636,000 |
| Noninterest income | 22,000 | 47,000 | 81,000 | 101,000 |
| Noninterest expense | 218,000 | 418,000 | 630,000 | 844,000 |
| Provision for loan losses | 90,000 | 130,000 | 165,000 | 495,000 |
| Pretax income | 333,000 | 779,000 | 1,260,000 | 1,398,000 |
| Income tax | 8,000 | 9,000 | 8,000 | 8,000 |
| Net income | 325,000 | 770,000 | 1,252,000 | 1,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,725,000 | 7,870,000 | 8,102,000 | 8,240,000 |
| Total capital | 8,406,000 | 8,579,000 | 8,824,000 | 8,864,000 |
| Risk-weighted assets | 59,341,000 | 56,151,000 | 57,247,000 | 51,341,000 |
Machine access — free, no API key
Every figure shown here about VERSABANK USA, NATIONAL ASSOCIATION — 2006 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 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.