Call reports 2013
VERABANK, NATIONAL ASSOCIATION — 2013
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 1,034,404,000 | 1,021,694,000 | 1,213,118,000 | 1,259,678,000 |
| Total loans | 535,849,000 | 540,827,000 | 621,940,000 | 652,878,000 |
| Allowance for loan losses | 7,129,000 | 7,011,000 | 6,871,000 | 6,704,000 |
| Securities available for sale | 354,741,000 | 361,142,000 | 408,631,000 | 429,706,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 912,247,000 | 903,238,000 | 1,071,892,000 | 1,118,345,000 |
| Interest-bearing deposits | 742,367,000 | 715,433,000 | 832,972,000 | 856,631,000 |
| Noninterest-bearing deposits | 169,880,000 | 187,804,000 | 238,920,000 | 261,714,000 |
| Equity capital | 108,006,000 | 105,596,000 | 127,676,000 | 128,962,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 8,608,000 | 17,739,000 | 27,070,000 | 37,497,000 |
| Interest expense | 848,000 | 1,679,000 | 2,457,000 | 3,244,000 |
| Net interest income | 7,760,000 | 16,060,000 | 24,613,000 | 34,253,000 |
| Noninterest income | 3,399,000 | 7,040,000 | 10,657,000 | 14,442,000 |
| Noninterest expense | 8,629,000 | 17,314,000 | 26,296,000 | 36,677,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,530,000 | 5,786,000 | 8,974,000 | 12,018,000 |
| Income tax | 501,000 | 1,269,000 | 2,006,000 | 2,707,000 |
| Net income | 2,029,000 | 4,517,000 | 6,968,000 | 9,311,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,020,000 | 91,911,000 | 104,713,000 | 106,467,000 |
| Total capital | 96,825,000 | 98,950,000 | 111,811,000 | 113,398,000 |
| Risk-weighted assets | 543,925,000 | 562,995,000 | 641,649,000 | 675,050,000 |