Call reports 2009
VERSABANK USA, NATIONAL ASSOCIATION — 2009
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 70,174,000 | 60,964,000 | 61,246,000 | 86,188,000 |
| Total loans | 41,871,000 | 36,890,000 | 31,396,000 | 50,273,000 |
| Allowance for loan losses | 756,000 | 966,000 | 1,029,000 | 906,000 |
| Securities available for sale | 3,473,000 | 2,789,000 | 3,354,000 | 3,164,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,948,000 | 50,776,000 | 52,395,000 | 77,594,000 |
| Interest-bearing deposits | 48,664,000 | 47,163,000 | 48,298,000 | 73,846,000 |
| Noninterest-bearing deposits | 3,284,000 | 3,613,000 | 4,097,000 | 3,748,000 |
| Equity capital | 8,503,000 | 8,742,000 | 8,562,000 | 8,431,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 990,000 | 1,923,000 | 2,756,000 | 3,539,000 |
| Interest expense | 276,000 | 503,000 | 699,000 | 883,000 |
| Net interest income | 714,000 | 1,420,000 | 2,057,000 | 2,656,000 |
| Noninterest income | 13,000 | 34,000 | 50,000 | 47,000 |
| Noninterest expense | 208,000 | 438,000 | 617,000 | 822,000 |
| Provision for loan losses | 0 | 250,000 | 930,000 | 1,430,000 |
| Pretax income | 519,000 | 766,000 | 560,000 | 451,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 519,000 | 766,000 | 560,000 | 451,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,388,000 | 8,635,000 | 8,429,000 | 8,320,000 |
| Total capital | 8,984,000 | 9,160,000 | 8,900,000 | 9,088,000 |
| Risk-weighted assets | 47,481,000 | 41,534,000 | 37,101,000 | 61,273,000 |
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