Call reports 2006
VERUS BANK — 2006
What VERUS BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 86,186,000 | 87,421,000 | 87,337,000 | 89,792,000 |
| Total loans | 51,434,000 | 53,993,000 | 54,426,000 | 54,202,000 |
| Allowance for loan losses | 521,000 | 568,000 | 588,000 | 612,000 |
| Securities available for sale | 21,960,000 | 21,448,000 | 21,668,000 | 21,823,000 |
| Securities held to maturity | 1,559,000 | 1,557,000 | 1,469,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,595,000 | 79,822,000 | 78,759,000 | 81,642,000 |
| Interest-bearing deposits | 48,420,000 | 56,595,000 | 55,881,000 | 58,663,000 |
| Noninterest-bearing deposits | 30,175,000 | 23,227,000 | 22,878,000 | 22,979,000 |
| Equity capital | 7,278,000 | 7,217,000 | 7,608,000 | 7,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,111,000 | 2,303,000 | 3,565,000 | 4,871,000 |
| Interest expense | 278,000 | 599,000 | 963,000 | 1,356,000 |
| Net interest income | 833,000 | 1,704,000 | 2,602,000 | 3,515,000 |
| Noninterest income | 351,000 | 781,000 | 1,221,000 | 1,662,000 |
| Noninterest expense | 972,000 | 1,953,000 | 2,941,000 | 3,936,000 |
| Provision for loan losses | 16,000 | 63,000 | 83,000 | 119,000 |
| Pretax income | 196,000 | 469,000 | 799,000 | 1,122,000 |
| Income tax | 8,000 | 18,000 | 31,000 | 28,000 |
| Net income | 188,000 | 451,000 | 768,000 | 1,094,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,630,000 | 7,756,000 | 7,789,000 | 7,926,000 |
| Total capital | 8,151,000 | 8,324,000 | 8,377,000 | 8,538,000 |
| Risk-weighted assets | 57,342,000 | 58,672,000 | 60,223,000 | 59,948,000 |