Call reports 2007
VERSABANK USA, NATIONAL ASSOCIATION — 2007
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 73,020,000 | 71,225,000 | 73,887,000 | 68,937,000 |
| Total loans | 40,950,000 | 36,747,000 | 31,492,000 | 43,122,000 |
| Allowance for loan losses | 765,000 | 902,000 | 792,000 | 806,000 |
| Securities available for sale | 4,283,000 | 4,180,000 | 4,093,000 | 3,999,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,092,000 | 61,992,000 | 64,321,000 | 59,469,000 |
| Interest-bearing deposits | 60,664,000 | 59,169,000 | 61,427,000 | 56,579,000 |
| Noninterest-bearing deposits | 3,428,000 | 2,823,000 | 2,894,000 | 2,890,000 |
| Equity capital | 8,563,000 | 8,799,000 | 9,044,000 | 9,032,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,256,000 | 2,500,000 | 3,707,000 | 4,825,000 |
| Interest expense | 651,000 | 1,319,000 | 2,014,000 | 2,638,000 |
| Net interest income | 605,000 | 1,181,000 | 1,693,000 | 2,187,000 |
| Noninterest income | 22,000 | 47,000 | 67,000 | 77,000 |
| Noninterest expense | 215,000 | 428,000 | 635,000 | 819,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 425,000 |
| Pretax income | 367,000 | 710,000 | 990,000 | 1,020,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 367,000 | 710,000 | 990,000 | 1,020,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,606,000 | 8,850,000 | 9,080,000 | 9,059,000 |
| Total capital | 9,203,000 | 9,389,000 | 9,582,000 | 9,674,000 |
| Risk-weighted assets | 47,621,000 | 43,642,000 | 39,864,000 | 48,991,000 |
Machine access — free, no API key
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