Call reports 2015
VERUS BANK — 2015
What VERUS BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 134,549,000 | 133,154,000 | 130,737,000 | 134,255,000 |
| Total loans | 89,044,000 | 88,986,000 | 85,556,000 | 89,507,000 |
| Allowance for loan losses | 832,000 | 827,000 | 826,000 | 812,000 |
| Securities available for sale | 29,162,000 | 29,943,000 | 30,185,000 | 31,625,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,122,000 | 120,739,000 | 118,063,000 | 114,473,000 |
| Interest-bearing deposits | 81,784,000 | 80,074,000 | 78,707,000 | 75,232,000 |
| Noninterest-bearing deposits | 39,338,000 | 40,665,000 | 39,356,000 | 39,241,000 |
| Equity capital | 12,266,000 | 12,083,000 | 12,314,000 | 12,300,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,189,000 | 2,397,000 | 3,581,000 | 4,748,000 |
| Interest expense | 55,000 | 111,000 | 163,000 | 215,000 |
| Net interest income | 1,134,000 | 2,286,000 | 3,418,000 | 4,533,000 |
| Noninterest income | 348,000 | 750,000 | 1,148,000 | 1,545,000 |
| Noninterest expense | 1,231,000 | 2,391,000 | 3,569,000 | 4,773,000 |
| Provision for loan losses | 12,000 | 14,000 | 14,000 | 14,000 |
| Pretax income | 264,000 | 656,000 | 1,008,000 | 1,316,000 |
| Income tax | 10,000 | 25,000 | 40,000 | 52,000 |
| Net income | 254,000 | 631,000 | 968,000 | 1,264,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,062,000 | 12,038,000 | 12,175,000 | 12,271,000 |
| Total capital | 12,894,000 | 12,865,000 | 13,001,000 | 13,083,000 |
| Risk-weighted assets | 98,165,000 | 95,802,000 | 94,269,000 | 98,016,000 |