Call reports 2003
VERUS BANK — 2003
What VERUS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 75,809,000 | 75,626,000 | 74,469,000 | 78,178,000 |
| Total loans | 42,233,000 | 42,378,000 | 44,070,000 | 46,305,000 |
| Allowance for loan losses | 425,000 | 416,000 | 426,000 | 470,000 |
| Securities available for sale | 19,732,000 | 21,977,000 | 18,996,000 | 20,165,000 |
| Securities held to maturity | 3,067,000 | 3,065,000 | 2,763,000 | 2,879,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,204,000 | 66,481,000 | 66,061,000 | 66,789,000 |
| Interest-bearing deposits | 50,273,000 | 47,540,000 | 47,474,000 | 48,040,000 |
| Noninterest-bearing deposits | 17,931,000 | 18,941,000 | 18,587,000 | 18,749,000 |
| Equity capital | 7,201,000 | 7,404,000 | 7,342,000 | 7,354,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,016,000 | 1,979,000 | 2,915,000 | 3,882,000 |
| Interest expense | 192,000 | 373,000 | 525,000 | 664,000 |
| Net interest income | 824,000 | 1,606,000 | 2,390,000 | 3,218,000 |
| Noninterest income | 325,000 | 671,000 | 1,049,000 | 1,449,000 |
| Noninterest expense | 807,000 | 1,637,000 | 2,440,000 | 3,413,000 |
| Provision for loan losses | 3,000 | 8,000 | 29,000 | 75,000 |
| Pretax income | 339,000 | 632,000 | 970,000 | 1,179,000 |
| Income tax | -165,000 | -145,000 | -124,000 | -124,000 |
| Net income | 504,000 | 777,000 | 1,094,000 | 1,303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,993,000 | 7,085,000 | 7,146,000 | 7,255,000 |
| Total capital | 7,418,000 | 7,501,000 | 7,572,000 | 7,725,000 |
| Risk-weighted assets | 45,860,000 | 45,788,000 | 48,488,000 | 51,096,000 |