Call reports 2014
VERSABANK USA, NATIONAL ASSOCIATION — 2014
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 105,970,000 | 105,317,000 | 101,287,000 | 98,738,000 |
| Total loans | 65,994,000 | 82,328,000 | 74,066,000 | 65,654,000 |
| Allowance for loan losses | 1,221,000 | 1,299,000 | 1,214,000 | 1,160,000 |
| Securities available for sale | 7,204,000 | 6,893,000 | 6,746,000 | 6,631,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,985,000 | 89,037,000 | 89,344,000 | 86,593,000 |
| Interest-bearing deposits | 85,200,000 | 84,377,000 | 84,482,000 | 81,282,000 |
| Noninterest-bearing deposits | 4,785,000 | 4,660,000 | 4,862,000 | 5,311,000 |
| Equity capital | 15,905,000 | 16,201,000 | 11,849,000 | 12,066,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,137,000 | 2,273,000 | 3,446,000 | 4,479,000 |
| Interest expense | 179,000 | 356,000 | 536,000 | 714,000 |
| Net interest income | 958,000 | 1,917,000 | 2,910,000 | 3,765,000 |
| Noninterest income | 10,000 | 22,000 | 34,000 | 42,000 |
| Noninterest expense | 588,000 | 1,156,000 | 1,810,000 | 2,458,000 |
| Provision for loan losses | 0 | 100,000 | 100,000 | 100,000 |
| Pretax income | 380,000 | 683,000 | 1,034,000 | 1,249,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 380,000 | 683,000 | 1,034,000 | 1,249,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,865,000 | 16,168,000 | 11,819,000 | 12,034,000 |
| Total capital | 16,765,000 | 17,232,000 | 12,791,000 | 12,916,000 |
| Risk-weighted assets | 71,667,000 | 84,852,000 | 77,518,000 | 70,245,000 |
Machine access — free, no API key
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