Call reports 2003
VERABANK, NATIONAL ASSOCIATION — 2003
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 575,457,000 | 573,387,000 | 556,577,000 | 555,701,000 |
| Total loans | 225,509,000 | 226,657,000 | 227,838,000 | 236,306,000 |
| Allowance for loan losses | 3,481,000 | 3,473,000 | 3,555,000 | 3,176,000 |
| Securities available for sale | 191,608,000 | 163,620,000 | 121,535,000 | 124,263,000 |
| Securities held to maturity | 95,196,000 | 126,280,000 | 149,713,000 | 134,738,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 520,091,000 | 515,441,000 | 501,155,000 | 496,442,000 |
| Interest-bearing deposits | 437,433,000 | 424,904,000 | 401,201,000 | 399,417,000 |
| Noninterest-bearing deposits | 82,658,000 | 90,537,000 | 99,954,000 | 97,025,000 |
| Equity capital | 50,097,000 | 50,821,000 | 50,167,000 | 53,382,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 6,480,000 | 12,598,000 | 18,297,000 | 24,146,000 |
| Interest expense | 2,381,000 | 4,539,000 | 6,418,000 | 8,067,000 |
| Net interest income | 4,099,000 | 8,059,000 | 11,879,000 | 16,079,000 |
| Noninterest income | 2,314,000 | 4,978,000 | 7,680,000 | 10,099,000 |
| Noninterest expense | 4,858,000 | 9,756,000 | 14,950,000 | 19,979,000 |
| Provision for loan losses | 261,000 | 501,000 | 606,000 | 840,000 |
| Pretax income | 1,823,000 | 3,394,000 | 4,617,000 | 6,000,000 |
| Income tax | 358,000 | 660,000 | 830,000 | 1,052,000 |
| Net income | 1,465,000 | 2,734,000 | 3,787,000 | 4,948,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,224,000 | 40,326,000 | 40,575,000 | 44,493,000 |
| Total capital | 42,309,000 | 43,499,000 | 43,740,000 | 47,669,000 |
| Risk-weighted assets | 246,334,000 | 253,518,000 | 252,838,000 | 260,752,000 |