Call reports 2015
VERSABANK USA, NATIONAL ASSOCIATION — 2015
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 94,124,000 | 89,579,000 | 88,573,000 | 88,975,000 |
| Total loans | 57,896,000 | 76,134,000 | 68,167,000 | 78,974,000 |
| Allowance for loan losses | 1,080,000 | 1,064,000 | 1,077,000 | 952,000 |
| Securities available for sale | 4,515,000 | 4,382,000 | 3,237,000 | 3,135,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,224,000 | 76,643,000 | 75,208,000 | 75,524,000 |
| Interest-bearing deposits | 76,128,000 | 71,871,000 | 70,573,000 | 70,491,000 |
| Noninterest-bearing deposits | 5,096,000 | 4,772,000 | 4,635,000 | 5,033,000 |
| Equity capital | 12,757,000 | 12,833,000 | 13,190,000 | 13,294,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 924,000 | 1,754,000 | 1,688,000 | 2,283,000 |
| Interest expense | 159,000 | 314,000 | 468,000 | 620,000 |
| Net interest income | 765,000 | 1,440,000 | 1,220,000 | 1,663,000 |
| Noninterest income | 8,000 | 15,000 | 27,000 | 45,000 |
| Noninterest expense | 579,000 | 1,124,000 | 460,000 | 651,000 |
| Provision for loan losses | 0 | 10,000 | 10,000 | 10,000 |
| Pretax income | 194,000 | 321,000 | 777,000 | 1,047,000 |
| Income tax | -507,000 | -457,000 | -361,000 | -199,000 |
| Net income | 701,000 | 778,000 | 1,138,000 | 1,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,735,000 | 12,812,000 | 13,172,000 | 13,279,000 |
| Total capital | 13,534,000 | 13,784,000 | 14,067,000 | 14,231,000 |
| Risk-weighted assets | 63,677,000 | 77,698,000 | 71,405,000 | 80,372,000 |