Call reports 2013
VERUS BANK OF COMMERCE — 2013
What VERUS BANK OF COMMERCE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 258,007,000 | 265,761,000 | 268,343,000 | 266,021,000 |
| Total loans | 235,473,000 | 243,287,000 | 244,415,000 | 243,001,000 |
| Allowance for loan losses | 4,075,000 | 3,892,000 | 3,894,000 | 3,930,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 215,671,000 | 222,249,000 | 223,441,000 | 217,340,000 |
| Interest-bearing deposits | 189,406,000 | 196,069,000 | 191,672,000 | 184,352,000 |
| Noninterest-bearing deposits | 26,266,000 | 26,180,000 | 31,769,000 | 32,988,000 |
| Equity capital | 36,821,000 | 38,614,000 | 40,058,000 | 37,413,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 3,720,000 | 7,051,000 | 10,484,000 | 13,887,000 |
| Interest expense | 493,000 | 925,000 | 1,362,000 | 1,773,000 |
| Net interest income | 3,227,000 | 6,126,000 | 9,122,000 | 12,114,000 |
| Noninterest income | 73,000 | 626,000 | 744,000 | 766,000 |
| Noninterest expense | 1,033,000 | 1,944,000 | 2,886,000 | 3,856,000 |
| Provision for loan losses | 0 | 0 | 0 | -136,000 |
| Pretax income | 2,267,000 | 4,808,000 | 6,980,000 | 9,160,000 |
| Income tax | 828,000 | 1,770,000 | 2,538,000 | 3,560,000 |
| Net income | 1,439,000 | 3,038,000 | 4,442,000 | 5,600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,821,000 | 38,614,000 | 40,058,000 | 37,413,000 |
| Total capital | 39,808,000 | 41,708,000 | 43,171,000 | 40,342,000 |
| Risk-weighted assets | 237,894,000 | 246,753,000 | 248,295,000 | 233,340,000 |