Call reports 2017
VERUS BANK — 2017
What VERUS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 136,754,000 | 137,582,000 | 136,583,000 | 137,738,000 |
| Total loans | 87,542,000 | 89,487,000 | 88,545,000 | 90,133,000 |
| Allowance for loan losses | 862,000 | 859,000 | 858,000 | 869,000 |
| Securities available for sale | 36,553,000 | 36,672,000 | 36,413,000 | 35,414,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,049,000 | 123,241,000 | 121,721,000 | 116,807,000 |
| Interest-bearing deposits | 78,657,000 | 80,405,000 | 75,574,000 | 71,013,000 |
| Noninterest-bearing deposits | 44,392,000 | 42,836,000 | 46,147,000 | 45,794,000 |
| Equity capital | 11,873,000 | 12,133,000 | 12,230,000 | 12,008,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,204,000 | 2,424,000 | 3,663,000 | 4,913,000 |
| Interest expense | 55,000 | 110,000 | 167,000 | 223,000 |
| Net interest income | 1,149,000 | 2,314,000 | 3,496,000 | 4,690,000 |
| Noninterest income | 372,000 | 755,000 | 1,170,000 | 1,568,000 |
| Noninterest expense | 1,148,000 | 2,304,000 | 3,500,000 | 4,698,000 |
| Provision for loan losses | 6,000 | 6,000 | 6,000 | 18,000 |
| Pretax income | 367,000 | 759,000 | 1,172,000 | 1,557,000 |
| Income tax | 14,000 | 30,000 | 47,000 | 62,000 |
| Net income | 353,000 | 729,000 | 1,125,000 | 1,495,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,064,000 | 12,022,000 | 12,176,000 | 12,249,000 |
| Total capital | 12,926,000 | 12,881,000 | 13,034,000 | 13,118,000 |
| Risk-weighted assets | 95,483,000 | 96,344,000 | 97,422,000 | 99,235,000 |