Call reports 2013
VERUS BANK — 2013
What VERUS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 122,565,000 | 125,285,000 | 126,880,000 | 127,000,000 |
| Total loans | 75,749,000 | 78,675,000 | 81,643,000 | 83,449,000 |
| Allowance for loan losses | 821,000 | 821,000 | 819,000 | 816,000 |
| Securities available for sale | 32,297,000 | 33,561,000 | 32,688,000 | 31,774,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,318,000 | 111,557,000 | 112,024,000 | 109,370,000 |
| Interest-bearing deposits | 76,223,000 | 77,630,000 | 76,087,000 | 75,618,000 |
| Noninterest-bearing deposits | 34,095,000 | 33,927,000 | 35,937,000 | 33,752,000 |
| Equity capital | 11,590,000 | 11,115,000 | 10,898,000 | 11,274,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,168,000 | 2,335,000 | 3,522,000 | 4,721,000 |
| Interest expense | 74,000 | 141,000 | 205,000 | 265,000 |
| Net interest income | 1,094,000 | 2,194,000 | 3,317,000 | 4,456,000 |
| Noninterest income | 427,000 | 851,000 | 1,290,000 | 1,687,000 |
| Noninterest expense | 1,203,000 | 2,407,000 | 3,607,000 | 4,865,000 |
| Provision for loan losses | 1,000 | 1,000 | 3,000 | 4,000 |
| Pretax income | 317,000 | 637,000 | 997,000 | 1,274,000 |
| Income tax | 12,000 | 24,000 | 39,000 | 50,000 |
| Net income | 305,000 | 613,000 | 958,000 | 1,224,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,935,000 | 11,104,000 | 11,260,000 | 11,526,000 |
| Total capital | 11,756,000 | 11,925,000 | 12,079,000 | 12,342,000 |
| Risk-weighted assets | 83,966,000 | 86,117,000 | 89,447,000 | 89,535,000 |