Call reports 2012
VERUS BANK — 2012
What VERUS BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 120,482,000 | 119,978,000 | 121,378,000 | 119,586,000 |
| Total loans | 69,375,000 | 70,406,000 | 72,517,000 | 74,522,000 |
| Allowance for loan losses | 771,000 | 758,000 | 762,000 | 820,000 |
| Securities available for sale | 30,286,000 | 30,939,000 | 32,355,000 | 31,845,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 108,193,000 | 107,892,000 | 108,982,000 | 104,567,000 |
| Interest-bearing deposits | 76,934,000 | 77,569,000 | 76,739,000 | 73,297,000 |
| Noninterest-bearing deposits | 31,259,000 | 30,323,000 | 32,243,000 | 31,270,000 |
| Equity capital | 11,248,000 | 11,394,000 | 11,573,000 | 11,667,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 1,219,000 | 2,400,000 | 3,581,000 | 4,765,000 |
| Interest expense | 122,000 | 228,000 | 322,000 | 407,000 |
| Net interest income | 1,097,000 | 2,172,000 | 3,259,000 | 4,358,000 |
| Noninterest income | 453,000 | 915,000 | 1,444,000 | 1,918,000 |
| Noninterest expense | 1,240,000 | 2,479,000 | 3,677,000 | 4,992,000 |
| Provision for loan losses | 6,000 | 38,000 | 42,000 | 103,000 |
| Pretax income | 304,000 | 570,000 | 984,000 | 1,251,000 |
| Income tax | 12,000 | 22,000 | 38,000 | 49,000 |
| Net income | 292,000 | 548,000 | 946,000 | 1,202,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,464,000 | 10,592,000 | 10,766,000 | 11,022,000 |
| Total capital | 11,235,000 | 11,350,000 | 11,528,000 | 11,842,000 |
| Risk-weighted assets | 75,503,000 | 77,749,000 | 80,563,000 | 82,153,000 |