Call reports 2016
VERUS BANK — 2016
What VERUS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 134,042,000 | 134,466,000 | 136,444,000 | 136,105,000 |
| Total loans | 88,703,000 | 86,901,000 | 86,760,000 | 89,445,000 |
| Allowance for loan losses | 836,000 | 838,000 | 836,000 | 857,000 |
| Securities available for sale | 31,639,000 | 33,347,000 | 37,396,000 | 33,444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,159,000 | 119,467,000 | 120,807,000 | 114,726,000 |
| Interest-bearing deposits | 79,430,000 | 81,616,000 | 79,636,000 | 74,000,000 |
| Noninterest-bearing deposits | 39,729,000 | 37,851,000 | 41,171,000 | 40,726,000 |
| Equity capital | 12,814,000 | 12,842,000 | 12,887,000 | 11,369,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,199,000 | 2,390,000 | 3,574,000 | 4,766,000 |
| Interest expense | 58,000 | 120,000 | 176,000 | 234,000 |
| Net interest income | 1,141,000 | 2,270,000 | 3,398,000 | 4,532,000 |
| Noninterest income | 348,000 | 763,000 | 1,203,000 | 1,573,000 |
| Noninterest expense | 1,131,000 | 2,300,000 | 3,498,000 | 4,649,000 |
| Provision for loan losses | 22,000 | 53,000 | 57,000 | 77,000 |
| Pretax income | 340,000 | 684,000 | 1,050,000 | 1,383,000 |
| Income tax | 13,000 | 27,000 | 41,000 | 57,000 |
| Net income | 327,000 | 657,000 | 1,009,000 | 1,326,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,598,000 | 12,529,000 | 12,644,000 | 11,711,000 |
| Total capital | 13,434,000 | 13,367,000 | 13,480,000 | 12,568,000 |
| Risk-weighted assets | 97,229,000 | 95,627,000 | 95,656,000 | 96,662,000 |