Call reports 2020
VERITEX COMMUNITY BANK — 2020
What VERITEX COMMUNITY BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 8,528,409,000 | 8,584,468,000 | 8,696,690,000 | 8,817,544,000 |
| Total loans | 6,239,944,000 | 6,595,855,000 | 6,753,531,000 | 6,804,912,000 |
| Allowance for loan losses | 100,983,000 | 115,365,000 | 121,591,000 | 105,084,000 |
| Securities available for sale | 1,084,962,000 | 1,080,070,000 | 1,060,456,000 | 1,024,329,000 |
| Securities held to maturity | 32,842,000 | 31,991,000 | 30,984,000 | 30,872,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,808,456,000 | 6,143,202,000 | 6,252,228,000 | 6,643,316,000 |
| Interest-bearing deposits | 4,250,685,000 | 4,217,850,000 | 4,301,841,000 | 4,415,747,000 |
| Noninterest-bearing deposits | 1,557,771,000 | 1,925,352,000 | 1,950,387,000 | 2,227,569,000 |
| Equity capital | 1,281,903,000 | 1,286,251,000 | 1,298,034,000 | 1,334,585,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 86,968,000 | 166,301,000 | 243,724,000 | 321,817,000 |
| Interest expense | 17,671,000 | 29,460,000 | 39,276,000 | 47,523,000 |
| Net interest income | 69,297,000 | 136,841,000 | 204,448,000 | 274,294,000 |
| Noninterest income | 7,024,000 | 24,330,000 | 33,435,000 | 42,050,000 |
| Noninterest expense | 38,533,000 | 80,303,000 | 117,418,000 | 164,826,000 |
| Provision for loan losses | 31,776,000 | 47,948,000 | 56,640,000 | 56,640,000 |
| Pretax income | 5,763,000 | 36,012,000 | 67,207,000 | 97,973,000 |
| Income tax | -193,000 | 4,262,000 | 10,892,000 | 16,279,000 |
| Net income | 5,956,000 | 31,750,000 | 56,315,000 | 81,694,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 834,035,000 | 848,508,000 | 859,634,000 | 884,471,000 |