Call reports 2010
VERSABANK USA, NATIONAL ASSOCIATION — 2010
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 84,635,000 | 84,537,000 | 81,693,000 | 83,017,000 |
| Total loans | 45,375,000 | 39,190,000 | 35,211,000 | 48,213,000 |
| Allowance for loan losses | 954,000 | 938,000 | 978,000 | 910,000 |
| Securities available for sale | 2,968,000 | 2,646,000 | 2,261,000 | 1,932,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,570,000 | 75,019,000 | 71,661,000 | 73,011,000 |
| Interest-bearing deposits | 71,758,000 | 71,195,000 | 67,927,000 | 69,326,000 |
| Noninterest-bearing deposits | 3,812,000 | 3,824,000 | 3,734,000 | 3,685,000 |
| Equity capital | 8,832,000 | 9,343,000 | 9,732,000 | 9,826,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 995,000 | 1,938,000 | 2,793,000 | 3,608,000 |
| Interest expense | 219,000 | 420,000 | 589,000 | 741,000 |
| Net interest income | 776,000 | 1,518,000 | 2,204,000 | 2,867,000 |
| Noninterest income | -1,000 | 90,000 | 108,000 | 124,000 |
| Noninterest expense | 267,000 | 587,000 | 873,000 | 1,146,000 |
| Provision for loan losses | 125,000 | 125,000 | 125,000 | 425,000 |
| Pretax income | 383,000 | 896,000 | 1,314,000 | 1,420,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 383,000 | 896,000 | 1,314,000 | 1,420,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,702,000 | 9,216,000 | 9,634,000 | 9,740,000 |
| Total capital | 9,368,000 | 9,824,000 | 10,141,000 | 10,382,000 |
| Risk-weighted assets | 53,360,000 | 48,272,000 | 40,122,000 | 51,129,000 |
Machine access — free, no API key
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