Call reports 2006
VERABANK, NATIONAL ASSOCIATION — 2006
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 681,959,000 | 667,201,000 | 690,130,000 | 703,172,000 |
| Total loans | 319,224,000 | 329,440,000 | 334,523,000 | 344,345,000 |
| Allowance for loan losses | 3,206,000 | 3,419,000 | 3,528,000 | 3,910,000 |
| Securities available for sale | 116,648,000 | 105,888,000 | 118,251,000 | 143,803,000 |
| Securities held to maturity | 176,485,000 | 180,142,000 | 170,691,000 | 155,934,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 612,805,000 | 598,045,000 | 616,488,000 | 628,622,000 |
| Interest-bearing deposits | 499,743,000 | 486,545,000 | 505,029,000 | 511,573,000 |
| Noninterest-bearing deposits | 113,062,000 | 111,500,000 | 111,459,000 | 117,049,000 |
| Equity capital | 64,856,000 | 64,885,000 | 66,108,000 | 67,266,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 7,900,000 | 16,297,000 | 25,137,000 | 34,437,000 |
| Interest expense | 3,429,000 | 7,243,000 | 11,442,000 | 15,915,000 |
| Net interest income | 4,471,000 | 9,054,000 | 13,695,000 | 18,522,000 |
| Noninterest income | 2,572,000 | 5,439,000 | 8,575,000 | 11,362,000 |
| Noninterest expense | 5,187,000 | 10,615,000 | 16,265,000 | 21,595,000 |
| Provision for loan losses | 991,000 | 1,361,000 | 1,749,000 | 2,205,000 |
| Pretax income | 668,000 | 2,170,000 | 3,910,000 | 5,716,000 |
| Income tax | -103,000 | 143,000 | 485,000 | 854,000 |
| Net income | 771,000 | 2,027,000 | 3,425,000 | 4,862,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,113,000 | 58,737,000 | 59,570,000 | 60,550,000 |
| Total capital | 61,319,000 | 62,156,000 | 63,098,000 | 64,460,000 |
| Risk-weighted assets | 350,766,000 | 360,192,000 | 365,365,000 | 377,533,000 |