Call reports 2022
VARO BANK, NATIONAL ASSOCIATION — 2022
What VARO BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 665,183,000 | 593,178,000 | 529,168,000 | 476,439,000 |
| Total loans | 14,043,000 | 21,284,000 | 27,929,000 | 30,715,000 |
| Allowance for loan losses | 1,659,000 | 2,334,000 | 2,854,000 | 2,396,000 |
| Securities available for sale | 52,008,000 | 47,820,000 | 75,276,000 | 91,413,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 335,533,000 | 311,758,000 | 302,073,000 | 275,932,000 |
| Interest-bearing deposits | 176,642,000 | 163,272,000 | 161,696,000 | 155,877,000 |
| Noninterest-bearing deposits | 158,891,000 | 148,486,000 | 140,377,000 | 120,055,000 |
| Equity capital | 263,604,000 | 222,218,000 | 181,045,000 | 148,662,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 546,000 | 1,732,000 | 4,214,000 | 7,887,000 |
| Interest expense | 444,000 | 1,177,000 | 2,103,000 | 3,377,000 |
| Net interest income | 102,000 | 555,000 | 2,111,000 | 4,510,000 |
| Noninterest income | 21,944,000 | 45,285,000 | 69,111,000 | 93,272,000 |
| Noninterest expense | 104,529,000 | 202,664,000 | 267,988,000 | 324,700,000 |
| Provision for loan losses | 1,944,000 | 4,697,000 | 7,246,000 | 9,628,000 |
| Pretax income | -84,427,000 | -161,521,000 | -204,012,000 | -236,546,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -84,427,000 | -161,521,000 | -204,012,000 | -236,546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 256,824,000 | 218,963,000 | 181,841,000 | 151,271,000 |