Call reports 2007
VERABANK, NATIONAL ASSOCIATION — 2007
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 729,198,000 | 697,432,000 | 700,351,000 | 707,507,000 |
| Total loans | 350,261,000 | 356,346,000 | 368,373,000 | 378,911,000 |
| Allowance for loan losses | 4,200,000 | 3,658,000 | 3,904,000 | 4,352,000 |
| Securities available for sale | 150,941,000 | 144,576,000 | 116,279,000 | 117,646,000 |
| Securities held to maturity | 142,858,000 | 138,527,000 | 132,600,000 | 126,013,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 655,378,000 | 623,575,000 | 621,302,000 | 627,121,000 |
| Interest-bearing deposits | 538,156,000 | 505,760,000 | 501,100,000 | 502,752,000 |
| Noninterest-bearing deposits | 117,222,000 | 117,815,000 | 120,202,000 | 124,369,000 |
| Equity capital | 68,001,000 | 68,208,000 | 70,830,000 | 73,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 9,516,000 | 19,234,000 | 28,880,000 | 38,622,000 |
| Interest expense | 4,414,000 | 8,748,000 | 12,702,000 | 16,328,000 |
| Net interest income | 5,102,000 | 10,486,000 | 16,178,000 | 22,294,000 |
| Noninterest income | 2,826,000 | 6,099,000 | 9,209,000 | 12,423,000 |
| Noninterest expense | 5,619,000 | 11,875,000 | 18,065,000 | 24,680,000 |
| Provision for loan losses | 280,000 | 437,000 | 818,000 | 1,320,000 |
| Pretax income | 2,029,000 | 4,273,000 | 6,541,000 | 8,948,000 |
| Income tax | 456,000 | 907,000 | 1,420,000 | 1,629,000 |
| Net income | 1,573,000 | 3,366,000 | 5,121,000 | 7,319,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,428,000 | 62,720,000 | 64,506,000 | 66,169,000 |
| Total capital | 65,628,000 | 66,526,000 | 68,528,000 | 70,690,000 |
| Risk-weighted assets | 385,183,000 | 391,840,000 | 402,251,000 | 419,611,000 |