Call reports 2018
VERSABANK USA, NATIONAL ASSOCIATION — 2018
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 78,974,000 | 75,131,000 | 83,604,000 | 86,077,000 |
| Total loans | 70,434,000 | 69,595,000 | 67,826,000 | 72,736,000 |
| Allowance for loan losses | 842,000 | 970,000 | 903,000 | 998,000 |
| Securities available for sale | 2,456,000 | 3,387,000 | 3,231,000 | 3,230,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,909,000 | 59,945,000 | 68,075,000 | 70,387,000 |
| Interest-bearing deposits | 57,470,000 | 53,291,000 | 61,503,000 | 63,274,000 |
| Noninterest-bearing deposits | 6,439,000 | 6,654,000 | 6,572,000 | 7,113,000 |
| Equity capital | 14,925,000 | 15,098,000 | 15,381,000 | 15,498,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 865,000 | 1,751,000 | 2,684,000 | 3,694,000 |
| Interest expense | 158,000 | 333,000 | 546,000 | 804,000 |
| Net interest income | 707,000 | 1,418,000 | 2,138,000 | 2,890,000 |
| Noninterest income | 6,000 | 15,000 | 25,000 | 21,000 |
| Noninterest expense | 193,000 | 376,000 | 626,000 | 897,000 |
| Provision for loan losses | 75,000 | 375,000 | 475,000 | 800,000 |
| Pretax income | 445,000 | 682,000 | 1,063,000 | 1,215,000 |
| Income tax | 111,000 | 170,000 | 266,000 | 302,000 |
| Net income | 334,000 | 512,000 | 797,000 | 913,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,919,000 | 15,097,000 | 15,382,000 | 15,498,000 |
| Total capital | 15,761,000 | 15,984,000 | 16,275,000 | 16,444,000 |
| Risk-weighted assets | 71,996,000 | 70,913,000 | 71,446,000 | 75,702,000 |