Call reports 2014
VERUS BANK — 2014
What VERUS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 129,179,000 | 129,145,000 | 131,077,000 | 127,094,000 |
| Total loans | 86,638,000 | 84,596,000 | 87,159,000 | 86,829,000 |
| Allowance for loan losses | 830,000 | 830,000 | 821,000 | 821,000 |
| Securities available for sale | 30,197,000 | 32,203,000 | 28,866,000 | 28,116,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,831,000 | 114,612,000 | 118,935,000 | 112,711,000 |
| Interest-bearing deposits | 79,769,000 | 78,201,000 | 82,015,000 | 77,762,000 |
| Noninterest-bearing deposits | 36,062,000 | 36,411,000 | 36,920,000 | 34,949,000 |
| Equity capital | 11,296,000 | 11,503,000 | 11,711,000 | 11,900,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,205,000 | 2,412,000 | 3,621,000 | 4,829,000 |
| Interest expense | 57,000 | 113,000 | 170,000 | 227,000 |
| Net interest income | 1,148,000 | 2,299,000 | 3,451,000 | 4,602,000 |
| Noninterest income | 345,000 | 765,000 | 1,202,000 | 1,617,000 |
| Noninterest expense | 1,203,000 | 2,403,000 | 3,610,000 | 4,849,000 |
| Provision for loan losses | 16,000 | 19,000 | 23,000 | 23,000 |
| Pretax income | 274,000 | 650,000 | 1,054,000 | 1,381,000 |
| Income tax | 10,000 | 25,000 | 42,000 | 55,000 |
| Net income | 264,000 | 625,000 | 1,012,000 | 1,326,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,265,000 | 11,431,000 | 11,656,000 | 11,808,000 |
| Total capital | 12,095,000 | 12,261,000 | 12,477,000 | 12,629,000 |
| Risk-weighted assets | 93,410,000 | 91,982,000 | 93,221,000 | 91,889,000 |