Call reports 2017
VERUS BANK OF COMMERCE — 2017
What VERUS BANK OF COMMERCE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 249,645,000 | 248,669,000 | 241,113,000 | 247,742,000 |
| Total loans | 223,866,000 | 222,042,000 | 218,182,000 | 223,207,000 |
| Allowance for loan losses | 1,907,000 | 1,908,000 | 1,909,000 | 1,956,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,778,000 | 186,250,000 | 182,839,000 | 186,143,000 |
| Interest-bearing deposits | 160,133,000 | 141,391,000 | 137,947,000 | 136,069,000 |
| Noninterest-bearing deposits | 47,645,000 | 44,859,000 | 44,892,000 | 50,074,000 |
| Equity capital | 33,848,000 | 35,091,000 | 36,256,000 | 32,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,967,000 | 6,072,000 | 9,188,000 | 12,504,000 |
| Interest expense | 306,000 | 630,000 | 965,000 | 1,281,000 |
| Net interest income | 2,661,000 | 5,442,000 | 8,223,000 | 11,223,000 |
| Noninterest income | 185,000 | 324,000 | 470,000 | 614,000 |
| Noninterest expense | 1,601,000 | 2,575,000 | 3,601,000 | 4,565,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,245,000 | 3,191,000 | 5,092,000 | 7,272,000 |
| Income tax | 449,000 | 1,153,000 | 1,839,000 | 3,098,000 |
| Net income | 796,000 | 2,038,000 | 3,253,000 | 4,174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,638,000 | 33,881,000 | 35,046,000 | 31,997,000 |
| Total capital | 34,545,000 | 35,789,000 | 36,955,000 | 33,953,000 |
| Risk-weighted assets | 221,782,000 | 220,445,000 | 218,013,000 | 224,642,000 |