Call reports 2009
VERUS BANK — 2009
What VERUS BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 107,819,000 | 101,917,000 | 105,482,000 | 102,570,000 |
| Total loans | 64,558,000 | 65,847,000 | 68,456,000 | 65,374,000 |
| Allowance for loan losses | 662,000 | 695,000 | 757,000 | 779,000 |
| Securities available for sale | 21,770,000 | 20,427,000 | 21,591,000 | 19,940,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,790,000 | 90,430,000 | 92,560,000 | 92,062,000 |
| Interest-bearing deposits | 72,587,000 | 66,139,000 | 66,865,000 | 66,115,000 |
| Noninterest-bearing deposits | 25,203,000 | 24,291,000 | 25,695,000 | 25,947,000 |
| Equity capital | 9,460,000 | 9,470,000 | 9,821,000 | 10,014,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,337,000 | 2,669,000 | 3,991,000 | 5,300,000 |
| Interest expense | 268,000 | 494,000 | 706,000 | 902,000 |
| Net interest income | 1,069,000 | 2,175,000 | 3,285,000 | 4,398,000 |
| Noninterest income | 418,000 | 937,000 | 1,454,000 | 1,985,000 |
| Noninterest expense | 1,179,000 | 2,446,000 | 3,717,000 | 4,967,000 |
| Provision for loan losses | 25,000 | 71,000 | 345,000 | 458,000 |
| Pretax income | 283,000 | 595,000 | 677,000 | 958,000 |
| Income tax | 6,000 | 23,000 | 26,000 | 38,000 |
| Net income | 277,000 | 572,000 | 651,000 | 920,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,004,000 | 9,163,000 | 9,243,000 | 9,503,000 |
| Total capital | 9,666,000 | 9,858,000 | 10,000,000 | 10,282,000 |
| Risk-weighted assets | 73,250,000 | 72,999,000 | 75,233,000 | 72,172,000 |