Call reports 2021
VERSABANK USA, NATIONAL ASSOCIATION — 2021
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 106,945,000 | 102,333,000 | 100,092,000 | 98,368,000 |
| Total loans | 78,121,000 | 71,083,000 | 63,899,000 | 57,590,000 |
| Allowance for loan losses | 1,872,000 | 1,584,000 | 1,142,000 | 827,000 |
| Securities available for sale | 3,164,000 | 3,149,000 | 3,152,000 | 3,143,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,533,000 | 81,915,000 | 78,776,000 | 76,559,000 |
| Interest-bearing deposits | 80,886,000 | 75,331,000 | 71,670,000 | 69,771,000 |
| Noninterest-bearing deposits | 6,647,000 | 6,584,000 | 7,106,000 | 6,788,000 |
| Equity capital | 18,176,000 | 18,988,000 | 19,768,000 | 20,284,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,120,000 | 2,171,000 | 3,156,000 | 4,003,000 |
| Interest expense | 166,000 | 314,000 | 431,000 | 531,000 |
| Net interest income | 954,000 | 1,857,000 | 2,725,000 | 3,472,000 |
| Noninterest income | 114,000 | 124,000 | 142,000 | 151,000 |
| Noninterest expense | 201,000 | 384,000 | 539,000 | 905,000 |
| Provision for loan losses | 190,000 | -170,000 | -470,000 | -770,000 |
| Pretax income | 677,000 | 1,767,000 | 2,798,000 | 3,488,000 |
| Income tax | 169,000 | 440,000 | 697,000 | 868,000 |
| Net income | 508,000 | 1,327,000 | 2,101,000 | 2,620,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,173,000 | 18,993,000 | 19,767,000 | 20,286,000 |
| Total capital | 19,212,000 | 19,950,000 | 20,644,000 | 21,112,000 |
| Risk-weighted assets | 82,363,000 | 75,979,000 | 69,954,000 | 66,112,000 |