Call reports 2018
VERUS BANK — 2018
What VERUS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 141,846,000 | 143,480,000 | 141,927,000 | 139,333,000 |
| Total loans | 93,386,000 | 95,437,000 | 93,262,000 | 91,627,000 |
| Allowance for loan losses | 868,000 | 869,000 | 867,000 | 884,000 |
| Securities available for sale | 34,245,000 | 36,831,000 | 36,795,000 | 35,509,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,120,000 | 128,721,000 | 123,202,000 | 123,005,000 |
| Interest-bearing deposits | 79,045,000 | 82,778,000 | 75,862,000 | 74,559,000 |
| Noninterest-bearing deposits | 47,075,000 | 45,943,000 | 47,340,000 | 48,446,000 |
| Equity capital | 12,009,000 | 11,786,000 | 11,776,000 | 10,872,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,299,000 | 2,618,000 | 3,986,000 | 5,379,000 |
| Interest expense | 76,000 | 165,000 | 275,000 | 385,000 |
| Net interest income | 1,223,000 | 2,453,000 | 3,711,000 | 4,994,000 |
| Noninterest income | 326,000 | 767,000 | 1,152,000 | 1,535,000 |
| Noninterest expense | 1,133,000 | 2,302,000 | 3,496,000 | 5,725,000 |
| Provision for loan losses | 0 | 0 | 0 | 18,000 |
| Pretax income | 416,000 | 918,000 | 1,400,000 | 819,000 |
| Income tax | 16,000 | 37,000 | 56,000 | 26,000 |
| Net income | 400,000 | 881,000 | 1,344,000 | 793,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,599,000 | 12,385,000 | 12,527,000 | 11,306,000 |
| Total capital | 13,467,000 | 13,254,000 | 13,394,000 | 12,190,000 |
| Risk-weighted assets | 102,553,000 | 104,111,000 | 100,943,000 | 104,010,000 |