Call reports 2004
VERUS BANK — 2004
What VERUS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 77,787,000 | 77,659,000 | 76,537,000 | 77,377,000 |
| Total loans | 46,686,000 | 46,286,000 | 48,222,000 | 49,067,000 |
| Allowance for loan losses | 488,000 | 504,000 | 500,000 | 519,000 |
| Securities available for sale | 19,133,000 | 19,045,000 | 16,129,000 | 17,259,000 |
| Securities held to maturity | 2,471,000 | 2,467,000 | 2,215,000 | 1,822,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,574,000 | 67,825,000 | 67,564,000 | 68,254,000 |
| Interest-bearing deposits | 47,853,000 | 48,726,000 | 47,326,000 | 47,663,000 |
| Noninterest-bearing deposits | 18,721,000 | 19,099,000 | 20,238,000 | 20,591,000 |
| Equity capital | 7,489,000 | 7,301,000 | 7,400,000 | 7,497,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 983,000 | 1,945,000 | 2,905,000 | 3,861,000 |
| Interest expense | 132,000 | 261,000 | 385,000 | 509,000 |
| Net interest income | 851,000 | 1,684,000 | 2,520,000 | 3,352,000 |
| Noninterest income | 353,000 | 735,000 | 1,164,000 | 1,564,000 |
| Noninterest expense | 857,000 | 1,832,000 | 2,752,000 | 3,681,000 |
| Provision for loan losses | 21,000 | 57,000 | 64,000 | 96,000 |
| Pretax income | 326,000 | 530,000 | 879,000 | 1,150,000 |
| Income tax | 12,000 | 20,000 | 34,000 | 27,000 |
| Net income | 314,000 | 510,000 | 845,000 | 1,123,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,301,000 | 7,359,000 | 7,419,000 | 7,575,000 |
| Total capital | 7,789,000 | 7,863,000 | 7,919,000 | 8,094,000 |
| Risk-weighted assets | 51,636,000 | 51,783,000 | 52,624,000 | 53,145,000 |