Call reports 2002
VERUS BANK — 2002
What VERUS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 71,006,000 | 71,929,000 | 72,117,000 | 73,219,000 |
| Total loans | 39,984,000 | 39,638,000 | 39,670,000 | 43,559,000 |
| Allowance for loan losses | 374,000 | 404,000 | 397,000 | 422,000 |
| Securities available for sale | 17,692,000 | 17,647,000 | 19,574,000 | 19,609,000 |
| Securities held to maturity | 3,156,000 | 3,155,000 | 3,406,000 | 3,269,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,763,000 | 64,487,000 | 64,371,000 | 64,096,000 |
| Interest-bearing deposits | 46,990,000 | 47,234,000 | 46,647,000 | 46,611,000 |
| Noninterest-bearing deposits | 16,773,000 | 17,253,000 | 17,724,000 | 17,485,000 |
| Equity capital | 6,570,000 | 6,804,000 | 7,018,000 | 7,137,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,162,000 | 2,294,000 | 3,403,000 | 4,463,000 |
| Interest expense | 289,000 | 539,000 | 775,000 | 980,000 |
| Net interest income | 873,000 | 1,755,000 | 2,628,000 | 3,483,000 |
| Noninterest income | 277,000 | 611,000 | 969,000 | 1,305,000 |
| Noninterest expense | 784,000 | 1,606,000 | 2,424,000 | 3,236,000 |
| Provision for loan losses | 20,000 | 52,000 | 53,000 | 97,000 |
| Pretax income | 346,000 | 708,000 | 1,120,000 | 1,494,000 |
| Income tax | 111,000 | 247,000 | 385,000 | 537,000 |
| Net income | 235,000 | 461,000 | 735,000 | 957,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,438,000 | 6,535,000 | 6,726,000 | 6,862,000 |
| Total capital | 6,812,000 | 6,939,000 | 7,123,000 | 7,284,000 |
| Risk-weighted assets | 43,813,000 | 43,213,000 | 43,327,000 | 45,408,000 |