Call reports 2025
VERUS BANK OF COMMERCE — 2025
What VERUS BANK OF COMMERCE reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 190,732,000 | 187,434,000 | 190,224,000 | 191,626,000 |
| Total loans | 166,365,000 | 164,408,000 | 166,427,000 | 167,948,000 |
| Allowance for loan losses | 1,347,000 | 1,344,000 | 1,343,000 | 1,335,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,593,000 | 145,791,000 | 141,195,000 | 138,724,000 |
| Interest-bearing deposits | 105,429,000 | 102,645,000 | 99,750,000 | 96,781,000 |
| Noninterest-bearing deposits | 43,164,000 | 43,146,000 | 41,445,000 | 41,943,000 |
| Equity capital | 36,771,000 | 37,263,000 | 37,864,000 | 36,779,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 2,760,000 | 5,502,000 | 8,305,000 | 11,166,000 |
| Interest expense | 934,000 | 1,862,000 | 2,787,000 | 3,681,000 |
| Net interest income | 1,826,000 | 3,640,000 | 5,518,000 | 7,485,000 |
| Noninterest income | 132,000 | 322,000 | 458,000 | 585,000 |
| Noninterest expense | 1,575,000 | 2,891,000 | 4,122,000 | 5,074,000 |
| Provision for loan losses | 0 | 0 | -9,000 | -17,000 |
| Pretax income | 383,000 | 1,071,000 | 1,854,000 | 2,996,000 |
| Income tax | 90,000 | 251,000 | 434,000 | 702,000 |
| Net income | 293,000 | 820,000 | 1,420,000 | 2,294,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,364,000 | 36,810,000 | 37,411,000 | 36,326,000 |