Call reports 2002
VERABANK, NATIONAL ASSOCIATION — 2002
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 540,489,000 | 536,697,000 | 545,013,000 | 554,852,000 |
| Total loans | 217,760,000 | 223,859,000 | 228,005,000 | 230,329,000 |
| Allowance for loan losses | 3,319,000 | 3,386,000 | 3,416,000 | 3,450,000 |
| Securities available for sale | 166,576,000 | 150,220,000 | 166,061,000 | 184,274,000 |
| Securities held to maturity | 95,555,000 | 98,720,000 | 94,940,000 | 85,361,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 488,943,000 | 484,116,000 | 488,864,000 | 495,546,000 |
| Interest-bearing deposits | 418,950,000 | 411,389,000 | 414,697,000 | 418,895,000 |
| Noninterest-bearing deposits | 69,993,000 | 72,727,000 | 74,167,000 | 76,651,000 |
| Equity capital | 44,227,000 | 45,807,000 | 46,970,000 | 49,419,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 7,111,000 | 14,219,000 | 21,124,000 | 27,897,000 |
| Interest expense | 2,995,000 | 5,782,000 | 8,503,000 | 11,101,000 |
| Net interest income | 4,116,000 | 8,437,000 | 12,621,000 | 16,796,000 |
| Noninterest income | 2,021,000 | 4,265,000 | 6,593,000 | 9,037,000 |
| Noninterest expense | 4,227,000 | 8,674,000 | 13,640,000 | 18,940,000 |
| Provision for loan losses | 260,000 | 490,000 | 740,000 | 1,065,000 |
| Pretax income | 2,512,000 | 4,572,000 | 5,899,000 | 6,962,000 |
| Income tax | 628,000 | 1,104,000 | 1,354,000 | 1,506,000 |
| Net income | 1,884,000 | 3,468,000 | 4,545,000 | 5,456,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 34,520,000 | 34,783,000 | 35,672,000 | 37,923,000 |
| Total capital | 37,542,000 | 37,871,000 | 38,809,000 | 41,062,000 |
| Risk-weighted assets | 241,472,000 | 246,761,000 | 250,699,000 | 250,839,000 |