Call reports 2025
VERSABANK USA, NATIONAL ASSOCIATION — 2025
What VERSABANK USA, NATIONAL ASSOCIATION reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 170,734,000 | 210,623,000 | 297,621,000 | 747,739,000 |
| Total loans | 89,330,000 | 118,482,000 | 163,011,000 | 387,814,000 |
| Allowance for loan losses | 473,000 | 365,000 | 276,000 | 252,000 |
| Securities available for sale | 59,448,000 | 83,206,000 | 85,553,000 | 67,335,000 |
| Securities held to maturity | 0 | 0 | 25,205,000 | 93,672,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,293,000 | 101,669,000 | 102,465,000 | 531,541,000 |
| Interest-bearing deposits | 49,642,000 | 96,700,000 | 98,068,000 | 527,119,000 |
| Noninterest-bearing deposits | 4,651,000 | 4,969,000 | 4,397,000 | 4,422,000 |
| Equity capital | 98,759,000 | 99,043,000 | 180,634,000 | 182,655,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 2,034,000 | 4,921,000 | 8,943,000 | 16,616,000 |
| Interest expense | 453,000 | 1,212,000 | 2,087,000 | 5,179,000 |
| Net interest income | 1,581,000 | 3,709,000 | 6,856,000 | 11,437,000 |
| Noninterest income | -10,000 | -11,000 | -22,000 | -15,000 |
| Noninterest expense | 1,515,000 | 3,222,000 | 5,005,000 | 6,734,000 |
| Provision for loan losses | 76,000 | 89,000 | 59,000 | 89,000 |
| Pretax income | -20,000 | 387,000 | 1,770,000 | 4,599,000 |
| Income tax | -6,000 | 111,000 | 509,000 | 1,322,000 |
| Net income | -14,000 | 276,000 | 1,261,000 | 3,277,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,754,000 | 99,044,000 | 180,629,000 | 182,646,000 |
| Total capital | 99,227,000 | 99,409,000 | 180,905,000 | 182,898,000 |
| Risk-weighted assets | 104,614,000 | 122,148,000 | 174,918,000 | 416,323,000 |