Call reports 2001
VERABANK, NATIONAL ASSOCIATION — 2001
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 460,337,000 | 454,904,000 | 457,252,000 | 527,803,000 |
| Total loans | 172,909,000 | 177,738,000 | 185,128,000 | 215,870,000 |
| Allowance for loan losses | 2,324,000 | 2,376,000 | 2,427,000 | 3,205,000 |
| Securities available for sale | 163,530,000 | 157,541,000 | 165,441,000 | 185,410,000 |
| Securities held to maturity | 50,445,000 | 49,759,000 | 49,011,000 | 57,170,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 415,938,000 | 409,444,000 | 417,347,000 | 474,379,000 |
| Interest-bearing deposits | 358,013,000 | 351,043,000 | 356,825,000 | 403,203,000 |
| Noninterest-bearing deposits | 57,925,000 | 58,401,000 | 60,522,000 | 71,176,000 |
| Equity capital | 40,484,000 | 31,623,000 | 33,171,000 | 43,546,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 7,019,000 | 13,948,000 | 20,646,000 | 27,912,000 |
| Interest expense | 3,964,000 | 7,774,000 | 11,312,000 | 14,706,000 |
| Net interest income | 3,055,000 | 6,174,000 | 9,334,000 | 13,206,000 |
| Noninterest income | 1,562,000 | 3,274,000 | 5,045,000 | 7,161,000 |
| Noninterest expense | 3,388,000 | 6,833,000 | 10,460,000 | 14,835,000 |
| Provision for loan losses | 110,000 | 230,000 | 377,000 | 765,000 |
| Pretax income | 1,123,000 | 2,398,000 | 3,607,000 | 4,832,000 |
| Income tax | 160,000 | 370,000 | 535,000 | 722,000 |
| Net income | 963,000 | 2,028,000 | 3,072,000 | 4,110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,294,000 | 27,550,000 | 28,333,000 | 33,565,000 |
| Total capital | 38,618,000 | 29,926,000 | 30,760,000 | 36,622,000 |
| Risk-weighted assets | 209,939,000 | 206,715,000 | 211,047,000 | 244,402,000 |