Call reports 2008
VIRGINIA COMMERCE BANK — 2008
What VIRGINIA COMMERCE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 2,500,064,000 | 2,654,103,000 | 2,659,491,000 | 2,713,694,000 |
| Total loans | 2,112,007,000 | 2,213,877,000 | 2,269,960,000 | 2,315,782,000 |
| Allowance for loan losses | 25,426,000 | 26,103,000 | 32,634,000 | 36,475,000 |
| Securities available for sale | 274,600,000 | 298,751,000 | 279,538,000 | 268,836,000 |
| Securities held to maturity | 41,448,000 | 39,695,000 | 38,324,000 | 56,906,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,022,099,000 | 2,100,406,000 | 2,156,837,000 | 2,172,699,000 |
| Interest-bearing deposits | 1,828,519,000 | 1,895,925,000 | 1,949,315,000 | 1,977,351,000 |
| Noninterest-bearing deposits | 193,580,000 | 204,481,000 | 207,522,000 | 195,348,000 |
| Equity capital | 174,139,000 | 174,420,000 | 241,486,000 | 316,168,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 40,062,000 | 80,464,000 | 121,031,000 | 160,470,000 |
| Interest expense | 20,581,000 | 40,067,000 | 58,319,000 | 75,470,000 |
| Net interest income | 19,481,000 | 40,397,000 | 62,712,000 | 85,000,000 |
| Noninterest income | 1,631,000 | 3,359,000 | 4,957,000 | 6,431,000 |
| Noninterest expense | 10,530,000 | 21,381,000 | 32,335,000 | 43,415,000 |
| Provision for loan losses | 4,112,000 | 7,768,000 | 16,068,000 | 25,378,000 |
| Pretax income | 6,470,000 | 14,607,000 | 19,266,000 | 22,638,000 |
| Income tax | 2,098,000 | 4,913,000 | 6,393,000 | 7,197,000 |
| Net income | 4,372,000 | 9,694,000 | 12,873,000 | 15,441,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 171,323,000 | 176,645,000 | 244,824,000 | 316,891,000 |
| Total capital | 236,749,000 | 242,748,000 | 274,466,000 | 346,982,000 |
| Risk-weighted assets | 2,261,355,000 | 2,337,892,000 | 2,371,379,000 | 2,407,283,000 |