Call reports 2012
VERUS BANK OF COMMERCE — 2012
What VERUS BANK OF COMMERCE reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 248,768,000 | 244,453,000 | 257,220,000 | 267,095,000 |
| Total loans | 227,091,000 | 224,629,000 | 234,872,000 | 239,795,000 |
| Allowance for loan losses | 4,462,000 | 4,451,000 | 4,452,000 | 4,090,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 208,522,000 | 203,510,000 | 214,865,000 | 226,718,000 |
| Interest-bearing deposits | 188,930,000 | 183,864,000 | 191,956,000 | 200,028,000 |
| Noninterest-bearing deposits | 19,592,000 | 19,646,000 | 22,909,000 | 26,690,000 |
| Equity capital | 35,127,000 | 36,472,000 | 37,780,000 | 35,424,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 3,525,000 | 6,953,000 | 10,480,000 | 14,014,000 |
| Interest expense | 589,000 | 1,142,000 | 1,672,000 | 2,182,000 |
| Net interest income | 2,936,000 | 5,811,000 | 8,808,000 | 11,832,000 |
| Noninterest income | 180,000 | 177,000 | 219,000 | 300,000 |
| Noninterest expense | 1,207,000 | 2,166,000 | 3,118,000 | 4,451,000 |
| Provision for loan losses | 150,000 | 150,000 | 150,000 | -200,000 |
| Pretax income | 1,759,000 | 3,672,000 | 5,759,000 | 7,881,000 |
| Income tax | 637,000 | 1,331,000 | 2,089,000 | 2,858,000 |
| Net income | 1,122,000 | 2,341,000 | 3,670,000 | 5,023,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,127,000 | 36,472,000 | 37,780,000 | 35,424,000 |
| Total capital | 37,978,000 | 39,294,000 | 40,719,000 | 38,471,000 |
| Risk-weighted assets | 226,461,000 | 224,141,000 | 233,579,000 | 242,708,000 |