Call reports 2011
VERUS BANK — 2011
What VERUS BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 112,820,000 | 114,212,000 | 117,764,000 | 115,765,000 |
| Total loans | 68,058,000 | 69,256,000 | 71,264,000 | 70,286,000 |
| Allowance for loan losses | 767,000 | 767,000 | 765,000 | 767,000 |
| Securities available for sale | 26,575,000 | 26,955,000 | 28,932,000 | 29,047,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,273,000 | 102,465,000 | 105,464,000 | 103,855,000 |
| Interest-bearing deposits | 75,107,000 | 76,172,000 | 77,022,000 | 74,950,000 |
| Noninterest-bearing deposits | 26,166,000 | 26,293,000 | 28,442,000 | 28,905,000 |
| Equity capital | 10,549,000 | 10,792,000 | 11,230,000 | 11,066,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,239,000 | 2,503,000 | 3,763,000 | 5,009,000 |
| Interest expense | 154,000 | 299,000 | 435,000 | 563,000 |
| Net interest income | 1,085,000 | 2,204,000 | 3,328,000 | 4,446,000 |
| Noninterest income | 406,000 | 825,000 | 1,334,000 | 1,780,000 |
| Noninterest expense | 1,220,000 | 2,477,000 | 3,681,000 | 4,997,000 |
| Provision for loan losses | 0 | 0 | 4,000 | 10,000 |
| Pretax income | 271,000 | 552,000 | 977,000 | 1,219,000 |
| Income tax | 10,000 | 21,000 | 38,000 | 46,000 |
| Net income | 261,000 | 531,000 | 939,000 | 1,173,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,129,000 | 10,187,000 | 10,403,000 | 10,352,000 |
| Total capital | 10,897,000 | 10,954,000 | 11,168,000 | 11,119,000 |
| Risk-weighted assets | 76,261,000 | 76,374,000 | 77,731,000 | 76,455,000 |