Call reports 2011
VERUS BANK OF COMMERCE — 2011
What VERUS BANK OF COMMERCE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 235,510,000 | 241,927,000 | 250,640,000 | 249,275,000 |
| Total loans | 216,395,000 | 218,838,000 | 226,400,000 | 225,798,000 |
| Allowance for loan losses | 3,650,000 | 3,947,000 | 4,112,000 | 4,397,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,620,000 | 195,312,000 | 206,408,000 | 206,785,000 |
| Interest-bearing deposits | 186,554,000 | 179,846,000 | 189,122,000 | 189,029,000 |
| Noninterest-bearing deposits | 14,066,000 | 15,466,000 | 17,285,000 | 17,757,000 |
| Equity capital | 26,234,000 | 27,093,000 | 36,750,000 | 37,682,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 3,520,000 | 7,018,000 | 10,601,000 | 14,189,000 |
| Interest expense | 848,000 | 1,592,000 | 2,313,000 | 2,963,000 |
| Net interest income | 2,672,000 | 5,426,000 | 8,288,000 | 11,226,000 |
| Noninterest income | -7,000 | -70,000 | -128,000 | -275,000 |
| Noninterest expense | 1,164,000 | 2,363,000 | 3,539,000 | 4,781,000 |
| Provision for loan losses | 367,000 | 522,000 | 747,000 | 1,097,000 |
| Pretax income | 1,134,000 | 2,471,000 | 3,874,000 | 5,073,000 |
| Income tax | 403,000 | 880,000 | 1,392,000 | 1,610,000 |
| Net income | 731,000 | 1,591,000 | 2,482,000 | 3,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,234,000 | 27,093,000 | 36,750,000 | 37,682,000 |
| Total capital | 28,952,000 | 29,861,000 | 39,609,000 | 40,527,000 |
| Risk-weighted assets | 216,502,000 | 220,236,000 | 227,546,000 | 226,075,000 |