Call reports 2016
VERSABANK USA, NATIONAL ASSOCIATION — 2016
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 75,789,000 | 73,901,000 | 74,767,000 | 72,589,000 |
| Total loans | 70,723,000 | 62,956,000 | 69,089,000 | 61,919,000 |
| Allowance for loan losses | 884,000 | 854,000 | 891,000 | 826,000 |
| Securities available for sale | 2,561,000 | 2,462,000 | 2,370,000 | 2,269,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,897,000 | 60,039,000 | 60,754,000 | 58,351,000 |
| Interest-bearing deposits | 56,383,000 | 55,011,000 | 55,593,000 | 52,394,000 |
| Noninterest-bearing deposits | 5,514,000 | 5,028,000 | 5,161,000 | 5,957,000 |
| Equity capital | 13,567,000 | 13,780,000 | 13,898,000 | 14,157,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 735,000 | 1,372,000 | 1,971,000 | 2,628,000 |
| Interest expense | 133,000 | 247,000 | 362,000 | 473,000 |
| Net interest income | 602,000 | 1,125,000 | 1,609,000 | 2,155,000 |
| Noninterest income | 5,000 | 13,000 | 18,000 | 27,000 |
| Noninterest expense | 158,000 | 332,000 | 507,000 | 692,000 |
| Provision for loan losses | 0 | 0 | 75,000 | 75,000 |
| Pretax income | 449,000 | 806,000 | 1,045,000 | 1,415,000 |
| Income tax | 176,000 | 318,000 | 438,000 | 546,000 |
| Net income | 273,000 | 488,000 | 607,000 | 869,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,553,000 | 13,767,000 | 13,886,000 | 14,149,000 |
| Total capital | 14,437,000 | 14,580,000 | 14,764,000 | 14,949,000 |
| Risk-weighted assets | 71,179,000 | 65,028,000 | 70,189,000 | 63,993,000 |