Call reports 2009
VERUS BANK OF COMMERCE — 2009
What VERUS BANK OF COMMERCE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 84,840,000 | 86,163,000 | 87,826,000 | 93,908,000 |
| Total loans | 78,415,000 | 78,911,000 | 79,595,000 | 83,047,000 |
| Allowance for loan losses | 1,244,000 | 1,380,000 | 1,351,000 | 1,308,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,036,000 | 64,708,000 | 65,973,000 | 73,146,000 |
| Interest-bearing deposits | 54,487,000 | 58,411,000 | 59,820,000 | 64,805,000 |
| Noninterest-bearing deposits | 7,549,000 | 6,297,000 | 6,153,000 | 8,341,000 |
| Equity capital | 9,582,000 | 9,648,000 | 9,070,000 | 9,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,193,000 | 2,421,000 | 3,685,000 | 5,003,000 |
| Interest expense | 571,000 | 1,141,000 | 1,692,000 | 2,192,000 |
| Net interest income | 622,000 | 1,280,000 | 1,993,000 | 2,811,000 |
| Noninterest income | 80,000 | 111,000 | 176,000 | 379,000 |
| Noninterest expense | 387,000 | 833,000 | 1,205,000 | 1,606,000 |
| Provision for loan losses | 153,000 | 289,000 | 1,612,000 | 1,623,000 |
| Pretax income | 162,000 | 269,000 | -648,000 | -39,000 |
| Income tax | 62,000 | 103,000 | -236,000 | -54,000 |
| Net income | 100,000 | 166,000 | -412,000 | 15,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,582,000 | 9,648,000 | 9,070,000 | 9,497,000 |
| Total capital | 10,540,000 | 10,603,000 | 10,026,000 | 10,509,000 |
| Risk-weighted assets | 76,346,000 | 76,004,000 | 76,046,000 | 80,664,000 |
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