Call reports 2007
VERUS BANK — 2007
What VERUS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 93,333,000 | 88,553,000 | 88,099,000 | 93,871,000 |
| Total loans | 53,631,000 | 53,491,000 | 53,338,000 | 58,850,000 |
| Allowance for loan losses | 614,000 | 617,000 | 598,000 | 609,000 |
| Securities available for sale | 20,793,000 | 20,676,000 | 20,656,000 | 18,324,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,106,000 | 80,271,000 | 79,470,000 | 85,070,000 |
| Interest-bearing deposits | 58,791,000 | 53,743,000 | 52,950,000 | 63,291,000 |
| Noninterest-bearing deposits | 26,315,000 | 26,528,000 | 26,520,000 | 21,779,000 |
| Equity capital | 7,762,000 | 7,757,000 | 8,005,000 | 8,213,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,328,000 | 2,658,000 | 3,994,000 | 5,364,000 |
| Interest expense | 424,000 | 833,000 | 1,247,000 | 1,703,000 |
| Net interest income | 904,000 | 1,825,000 | 2,747,000 | 3,661,000 |
| Noninterest income | 390,000 | 870,000 | 1,380,000 | 1,806,000 |
| Noninterest expense | 1,093,000 | 2,132,000 | 3,212,000 | 4,258,000 |
| Provision for loan losses | 3,000 | 8,000 | 16,000 | 36,000 |
| Pretax income | 198,000 | 555,000 | 899,000 | 1,173,000 |
| Income tax | 7,000 | 21,000 | 35,000 | 38,000 |
| Net income | 191,000 | 534,000 | 864,000 | 1,135,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,899,000 | 8,037,000 | 8,056,000 | 8,137,000 |
| Total capital | 8,513,000 | 8,654,000 | 8,654,000 | 8,746,000 |
| Risk-weighted assets | 60,980,000 | 59,415,000 | 61,735,000 | 67,081,000 |