Call reports 2008
VERABANK, NATIONAL ASSOCIATION — 2008
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 753,315,000 | 799,940,000 | 807,047,000 | 840,612,000 |
| Total loans | 383,458,000 | 398,109,000 | 427,846,000 | 439,166,000 |
| Allowance for loan losses | 4,755,000 | 5,254,000 | 5,949,000 | 6,688,000 |
| Securities available for sale | 140,085,000 | 178,989,000 | 178,438,000 | 174,570,000 |
| Securities held to maturity | 118,932,000 | 105,085,000 | 95,107,000 | 92,646,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 670,506,000 | 717,791,000 | 722,782,000 | 749,182,000 |
| Interest-bearing deposits | 541,732,000 | 580,943,000 | 578,804,000 | 604,954,000 |
| Noninterest-bearing deposits | 128,774,000 | 136,848,000 | 143,978,000 | 144,228,000 |
| Equity capital | 74,911,000 | 73,755,000 | 76,318,000 | 79,509,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 9,902,000 | 19,801,000 | 29,954,000 | 39,963,000 |
| Interest expense | 3,376,000 | 6,756,000 | 9,971,000 | 12,980,000 |
| Net interest income | 6,526,000 | 13,045,000 | 19,983,000 | 26,983,000 |
| Noninterest income | 3,116,000 | 6,444,000 | 10,140,000 | 13,584,000 |
| Noninterest expense | 6,411,000 | 13,025,000 | 20,041,000 | 27,818,000 |
| Provision for loan losses | 440,000 | 876,000 | 1,740,000 | 2,940,000 |
| Pretax income | 2,791,000 | 5,603,000 | 8,357,000 | 9,829,000 |
| Income tax | 694,000 | 1,413,000 | 2,120,000 | 2,148,000 |
| Net income | 2,097,000 | 4,190,000 | 6,237,000 | 7,681,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,102,000 | 68,855,000 | 70,378,000 | 71,303,000 |
| Total capital | 72,097,000 | 74,422,000 | 76,211,000 | 77,305,000 |
| Risk-weighted assets | 437,294,000 | 450,098,000 | 466,194,000 | 479,141,000 |