Call reports 2010
VERUS BANK — 2010
What VERUS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 105,616,000 | 108,270,000 | 108,226,000 | 109,224,000 |
| Total loans | 64,902,000 | 66,083,000 | 67,784,000 | 69,606,000 |
| Allowance for loan losses | 779,000 | 780,000 | 777,000 | 772,000 |
| Securities available for sale | 23,380,000 | 24,066,000 | 23,516,000 | 23,605,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,334,000 | 96,740,000 | 96,500,000 | 93,884,000 |
| Interest-bearing deposits | 69,465,000 | 72,036,000 | 71,783,000 | 69,219,000 |
| Noninterest-bearing deposits | 24,869,000 | 24,704,000 | 24,717,000 | 24,665,000 |
| Equity capital | 10,016,000 | 10,249,000 | 10,507,000 | 10,385,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,244,000 | 2,515,000 | 3,806,000 | 5,075,000 |
| Interest expense | 195,000 | 386,000 | 566,000 | 728,000 |
| Net interest income | 1,049,000 | 2,129,000 | 3,240,000 | 4,347,000 |
| Noninterest income | 479,000 | 958,000 | 1,431,000 | 1,971,000 |
| Noninterest expense | 1,243,000 | 2,441,000 | 3,689,000 | 4,968,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 306,000 | 667,000 | 1,003,000 | 1,371,000 |
| Income tax | 11,000 | 24,000 | 38,000 | 50,000 |
| Net income | 295,000 | 643,000 | 965,000 | 1,321,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,444,000 | 9,664,000 | 9,814,000 | 10,062,000 |
| Total capital | 10,223,000 | 10,444,000 | 10,591,000 | 10,834,000 |
| Risk-weighted assets | 71,524,000 | 73,339,000 | 74,843,000 | 76,564,000 |