Call reports 2001
VERUS BANK — 2001
What VERUS BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 75,434,000 | 78,446,000 | 73,564,000 | 75,005,000 |
| Total loans | 36,838,000 | 36,887,000 | 36,944,000 | 39,536,000 |
| Allowance for loan losses | 294,000 | 309,000 | 319,000 | 366,000 |
| Securities available for sale | 20,893,000 | 22,149,000 | 21,234,000 | 20,958,000 |
| Securities held to maturity | 3,288,000 | 3,385,000 | 3,109,000 | 3,158,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,213,000 | 71,218,000 | 66,062,000 | 67,644,000 |
| Interest-bearing deposits | 51,809,000 | 54,850,000 | 50,343,000 | 50,909,000 |
| Noninterest-bearing deposits | 16,404,000 | 16,368,000 | 15,719,000 | 16,735,000 |
| Equity capital | 6,435,000 | 6,528,000 | 6,731,000 | 6,787,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,317,000 | 2,609,000 | 3,860,000 | 5,068,000 |
| Interest expense | 520,000 | 1,024,000 | 1,491,000 | 1,856,000 |
| Net interest income | 797,000 | 1,585,000 | 2,369,000 | 3,212,000 |
| Noninterest income | 217,000 | 465,000 | 744,000 | 1,024,000 |
| Noninterest expense | 668,000 | 1,389,000 | 2,174,000 | 2,927,000 |
| Provision for loan losses | 7,000 | 26,000 | 35,000 | 44,000 |
| Pretax income | 339,000 | 635,000 | 904,000 | 1,265,000 |
| Income tax | 110,000 | 210,000 | 302,000 | 410,000 |
| Net income | 229,000 | 425,000 | 602,000 | 855,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,267,000 | 6,341,000 | 6,425,000 | 6,585,000 |
| Total capital | 6,561,000 | 6,650,000 | 6,744,000 | 6,951,000 |
| Risk-weighted assets | 42,666,000 | 43,069,000 | 42,031,000 | 44,667,000 |