Call reports 2011
VERABANK, NATIONAL ASSOCIATION — 2011
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 884,463,000 | 866,590,000 | 885,999,000 | 896,948,000 |
| Total loans | 454,553,000 | 450,288,000 | 452,319,000 | 448,552,000 |
| Allowance for loan losses | 7,794,000 | 7,902,000 | 7,844,000 | 7,693,000 |
| Securities available for sale | 320,977,000 | 332,949,000 | 323,948,000 | 341,316,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 783,403,000 | 759,013,000 | 773,078,000 | 784,252,000 |
| Interest-bearing deposits | 605,160,000 | 580,773,000 | 565,358,000 | 633,347,000 |
| Noninterest-bearing deposits | 178,243,000 | 178,240,000 | 207,720,000 | 150,905,000 |
| Equity capital | 92,755,000 | 97,109,000 | 101,242,000 | 102,306,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 8,808,000 | 17,871,000 | 26,876,000 | 35,671,000 |
| Interest expense | 1,578,000 | 3,020,000 | 4,217,000 | 5,242,000 |
| Net interest income | 7,230,000 | 14,851,000 | 22,659,000 | 30,429,000 |
| Noninterest income | 3,028,000 | 6,323,000 | 9,544,000 | 12,912,000 |
| Noninterest expense | 7,379,000 | 14,719,000 | 22,204,000 | 29,645,000 |
| Provision for loan losses | 2,000 | 5,000 | 5,000 | 5,000 |
| Pretax income | 2,877,000 | 6,450,000 | 9,994,000 | 13,695,000 |
| Income tax | 693,000 | 1,605,000 | 2,507,000 | 3,614,000 |
| Net income | 2,184,000 | 4,845,000 | 7,487,000 | 10,081,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,882,000 | 86,288,000 | 87,967,000 | 88,401,000 |
| Total capital | 90,708,000 | 92,066,000 | 93,713,000 | 94,114,000 |
| Risk-weighted assets | 463,658,000 | 459,640,000 | 457,104,000 | 454,617,000 |