Call reports 2004
VERABANK, NATIONAL ASSOCIATION — 2004
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 577,978,000 | 591,845,000 | 578,844,000 | 592,393,000 |
| Total loans | 239,088,000 | 243,991,000 | 248,320,000 | 265,601,000 |
| Allowance for loan losses | 3,243,000 | 3,257,000 | 3,285,000 | 3,388,000 |
| Securities available for sale | 140,859,000 | 128,149,000 | 123,069,000 | 124,279,000 |
| Securities held to maturity | 137,703,000 | 153,345,000 | 150,661,000 | 140,652,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 518,624,000 | 525,194,000 | 509,782,000 | 522,902,000 |
| Interest-bearing deposits | 415,763,000 | 418,137,000 | 408,551,000 | 425,821,000 |
| Noninterest-bearing deposits | 102,861,000 | 107,057,000 | 101,231,000 | 97,081,000 |
| Equity capital | 54,367,000 | 61,110,000 | 63,486,000 | 64,371,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,883,000 | 11,704,000 | 17,678,000 | 23,825,000 |
| Interest expense | 1,615,000 | 3,245,000 | 4,915,000 | 6,708,000 |
| Net interest income | 4,268,000 | 8,459,000 | 12,763,000 | 17,117,000 |
| Noninterest income | 2,532,000 | 5,292,000 | 8,043,000 | 10,438,000 |
| Noninterest expense | 4,799,000 | 9,790,000 | 14,770,000 | 19,642,000 |
| Provision for loan losses | 185,000 | 386,000 | 586,000 | 820,000 |
| Pretax income | 1,868,000 | 3,632,000 | 5,504,000 | 7,154,000 |
| Income tax | 330,000 | 669,000 | 1,034,000 | 1,216,000 |
| Net income | 1,538,000 | 2,963,000 | 4,470,000 | 5,938,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,208,000 | 53,891,000 | 55,066,000 | 56,161,000 |
| Total capital | 48,451,000 | 57,148,000 | 58,351,000 | 59,549,000 |
| Risk-weighted assets | 266,038,000 | 274,661,000 | 273,145,000 | 291,365,000 |