Call reports 2012
VERSABANK USA, NATIONAL ASSOCIATION — 2012
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 111,206,000 | 111,758,000 | 109,520,000 | 112,532,000 |
| Total loans | 64,144,000 | 57,055,000 | 75,346,000 | 97,567,000 |
| Allowance for loan losses | 1,171,000 | 1,094,000 | 1,014,000 | 1,012,000 |
| Securities available for sale | 3,592,000 | 3,222,000 | 3,673,000 | 8,501,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 99,123,000 | 99,203,000 | 96,449,000 | 98,895,000 |
| Interest-bearing deposits | 94,817,000 | 95,089,000 | 92,003,000 | 91,763,000 |
| Noninterest-bearing deposits | 4,306,000 | 4,114,000 | 4,446,000 | 7,132,000 |
| Equity capital | 11,996,000 | 12,471,000 | 12,964,000 | 13,568,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 1,298,000 | 2,436,000 | 3,604,000 | 4,963,000 |
| Interest expense | 174,000 | 356,000 | 536,000 | 709,000 |
| Net interest income | 1,124,000 | 2,080,000 | 3,068,000 | 4,254,000 |
| Noninterest income | 14,000 | 24,000 | -15,000 | -3,000 |
| Noninterest expense | 495,000 | 976,000 | 1,448,000 | 2,024,000 |
| Provision for loan losses | 150,000 | 150,000 | 150,000 | 155,000 |
| Pretax income | 493,000 | 978,000 | 1,455,000 | 2,072,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 493,000 | 978,000 | 1,455,000 | 2,072,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,921,000 | 12,405,000 | 12,883,000 | 13,499,000 |
| Total capital | 12,837,000 | 13,246,000 | 13,897,000 | 14,511,000 |
| Risk-weighted assets | 72,989,000 | 67,052,000 | 81,955,000 | 100,281,000 |