Call reports 2011
VERSABANK USA, NATIONAL ASSOCIATION — 2011
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 89,696,000 | 86,171,000 | 86,760,000 | 87,824,000 |
| Total loans | 43,120,000 | 63,574,000 | 58,035,000 | 71,667,000 |
| Allowance for loan losses | 824,000 | 906,000 | 900,000 | 1,159,000 |
| Securities available for sale | 2,909,000 | 2,320,000 | 4,087,000 | 3,819,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,151,000 | 75,268,000 | 75,381,000 | 76,256,000 |
| Interest-bearing deposits | 75,118,000 | 71,181,000 | 71,339,000 | 72,369,000 |
| Noninterest-bearing deposits | 4,033,000 | 4,087,000 | 4,042,000 | 3,887,000 |
| Equity capital | 10,326,000 | 10,652,000 | 11,200,000 | 11,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 967,000 | 1,930,000 | 3,087,000 | 4,187,000 |
| Interest expense | 158,000 | 343,000 | 508,000 | 666,000 |
| Net interest income | 809,000 | 1,587,000 | 2,579,000 | 3,521,000 |
| Noninterest income | 11,000 | 27,000 | 55,000 | 116,000 |
| Noninterest expense | 321,000 | 683,000 | 1,158,000 | 1,594,000 |
| Provision for loan losses | 0 | 105,000 | 105,000 | 355,000 |
| Pretax income | 499,000 | 826,000 | 1,371,000 | 1,688,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 499,000 | 826,000 | 1,371,000 | 1,688,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,239,000 | 10,566,000 | 11,111,000 | 11,428,000 |
| Total capital | 10,855,000 | 11,400,000 | 11,904,000 | 12,361,000 |
| Risk-weighted assets | 49,042,000 | 66,680,000 | 63,355,000 | 74,374,000 |
Machine access — free, no API key
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