Call reports 2005
VERUS BANK — 2005
What VERUS BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 77,407,000 | 79,576,000 | 80,842,000 | 82,577,000 |
| Total loans | 49,110,000 | 51,659,000 | 50,786,000 | 49,404,000 |
| Allowance for loan losses | 528,000 | 544,000 | 535,000 | 525,000 |
| Securities available for sale | 17,000,000 | 17,053,000 | 16,942,000 | 23,124,000 |
| Securities held to maturity | 1,669,000 | 1,667,000 | 1,664,000 | 1,562,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,970,000 | 71,040,000 | 73,047,000 | 74,017,000 |
| Interest-bearing deposits | 41,870,000 | 43,756,000 | 51,904,000 | 51,432,000 |
| Noninterest-bearing deposits | 28,100,000 | 27,284,000 | 21,143,000 | 22,585,000 |
| Equity capital | 7,192,000 | 7,414,000 | 7,430,000 | 7,456,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 951,000 | 1,960,000 | 3,000,000 | 4,085,000 |
| Interest expense | 151,000 | 334,000 | 550,000 | 791,000 |
| Net interest income | 800,000 | 1,626,000 | 2,450,000 | 3,294,000 |
| Noninterest income | 346,000 | 756,000 | 1,188,000 | 1,566,000 |
| Noninterest expense | 919,000 | 1,866,000 | 2,821,000 | 3,728,000 |
| Provision for loan losses | 9,000 | 34,000 | 35,000 | 36,000 |
| Pretax income | 215,000 | 479,000 | 778,000 | 1,092,000 |
| Income tax | 8,000 | 16,000 | 30,000 | 40,000 |
| Net income | 207,000 | 463,000 | 748,000 | 1,052,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,397,000 | 7,525,000 | 7,611,000 | 7,725,000 |
| Total capital | 7,925,000 | 8,069,000 | 8,146,000 | 8,250,000 |
| Risk-weighted assets | 53,265,000 | 55,621,000 | 55,651,000 | 55,128,000 |