Call reports 2013
VERSABANK USA, NATIONAL ASSOCIATION — 2013
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 114,120,000 | 119,715,000 | 118,458,000 | 115,576,000 |
| Total loans | 88,396,000 | 78,730,000 | 85,107,000 | 75,795,000 |
| Allowance for loan losses | 971,000 | 930,000 | 1,370,000 | 1,297,000 |
| Securities available for sale | 8,384,000 | 8,009,000 | 7,791,000 | 7,546,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 99,752,000 | 104,762,000 | 103,305,000 | 99,956,000 |
| Interest-bearing deposits | 92,738,000 | 97,602,000 | 96,476,000 | 93,838,000 |
| Noninterest-bearing deposits | 7,014,000 | 7,160,000 | 6,829,000 | 6,118,000 |
| Equity capital | 14,297,000 | 14,869,000 | 15,053,000 | 15,520,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,537,000 | 2,940,000 | 4,410,000 | 5,718,000 |
| Interest expense | 165,000 | 332,000 | 523,000 | 702,000 |
| Net interest income | 1,372,000 | 2,608,000 | 3,887,000 | 5,016,000 |
| Noninterest income | 10,000 | 27,000 | 39,000 | 56,000 |
| Noninterest expense | 665,000 | 1,331,000 | 1,975,000 | 2,621,000 |
| Provision for loan losses | 0 | 0 | 450,000 | 465,000 |
| Pretax income | 717,000 | 1,304,000 | 1,501,000 | 1,986,000 |
| Income tax | 0 | 1,000 | 0 | 0 |
| Net income | 717,000 | 1,303,000 | 1,501,000 | 1,986,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,216,000 | 14,802,000 | 15,000,000 | 15,485,000 |
| Total capital | 15,187,000 | 15,732,000 | 16,118,000 | 16,503,000 |
| Risk-weighted assets | 93,356,000 | 86,523,000 | 89,172,000 | 81,190,000 |