Call reports 2010
VERABANK, NATIONAL ASSOCIATION — 2010
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 866,313,000 | 878,345,000 | 861,340,000 | 867,247,000 |
| Total loans | 450,936,000 | 448,349,000 | 454,658,000 | 457,453,000 |
| Allowance for loan losses | 8,090,000 | 8,025,000 | 7,748,000 | 7,860,000 |
| Securities available for sale | 208,479,000 | 218,309,000 | 235,865,000 | 297,229,000 |
| Securities held to maturity | 89,930,000 | 82,950,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 773,783,000 | 774,890,000 | 752,357,000 | 768,024,000 |
| Interest-bearing deposits | 620,680,000 | 612,941,000 | 592,149,000 | 603,773,000 |
| Noninterest-bearing deposits | 153,103,000 | 161,949,000 | 160,208,000 | 164,251,000 |
| Equity capital | 84,179,000 | 87,374,000 | 92,611,000 | 89,512,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 9,295,000 | 18,562,000 | 27,793,000 | 36,716,000 |
| Interest expense | 2,025,000 | 3,974,000 | 5,785,000 | 7,450,000 |
| Net interest income | 7,270,000 | 14,588,000 | 22,008,000 | 29,266,000 |
| Noninterest income | 3,121,000 | 6,338,000 | 10,298,000 | 13,509,000 |
| Noninterest expense | 7,258,000 | 14,666,000 | 22,068,000 | 29,538,000 |
| Provision for loan losses | 303,000 | 305,000 | 405,000 | 405,000 |
| Pretax income | 2,830,000 | 5,975,000 | 13,167,000 | 16,166,000 |
| Income tax | 681,000 | 1,487,000 | 3,686,000 | 4,458,000 |
| Net income | 2,149,000 | 4,488,000 | 9,481,000 | 11,708,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,688,000 | 77,464,000 | 81,804,000 | 83,362,000 |
| Total capital | 81,613,000 | 83,396,000 | 87,709,000 | 89,319,000 |
| Risk-weighted assets | 472,195,000 | 472,030,000 | 470,077,000 | 474,168,000 |