Call reports 2008
VERSABANK USA, NATIONAL ASSOCIATION — 2008
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 66,322,000 | 63,204,000 | 62,464,000 | 76,237,000 |
| Total loans | 38,030,000 | 32,173,000 | 51,761,000 | 45,990,000 |
| Allowance for loan losses | 668,000 | 513,000 | 674,000 | 761,000 |
| Securities available for sale | 3,939,000 | 6,902,000 | 3,975,000 | 4,011,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,618,000 | 54,331,000 | 53,526,000 | 53,466,000 |
| Interest-bearing deposits | 53,557,000 | 50,817,000 | 49,877,000 | 50,141,000 |
| Noninterest-bearing deposits | 3,061,000 | 3,514,000 | 3,649,000 | 3,325,000 |
| Equity capital | 9,300,000 | 8,400,000 | 8,528,000 | 9,320,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,089,000 | 1,993,000 | 2,833,000 | 4,011,000 |
| Interest expense | 498,000 | 898,000 | 1,242,000 | 1,594,000 |
| Net interest income | 591,000 | 1,095,000 | 1,591,000 | 2,417,000 |
| Noninterest income | 9,000 | 22,000 | 34,000 | 50,000 |
| Noninterest expense | 223,000 | 417,000 | 610,000 | 768,000 |
| Provision for loan losses | 150,000 | 350,000 | 490,000 | 540,000 |
| Pretax income | 227,000 | 350,000 | 525,000 | 1,159,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 227,000 | 350,000 | 525,000 | 1,159,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,287,000 | 8,409,000 | 8,585,000 | 9,219,000 |
| Total capital | 9,842,000 | 8,895,000 | 9,259,000 | 9,873,000 |
| Risk-weighted assets | 44,250,000 | 38,892,000 | 54,065,000 | 52,217,000 |
Machine access — free, no API key
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