Call reports 2014
VERABANK, NATIONAL ASSOCIATION — 2014
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,274,078,000 | 1,275,426,000 | 1,307,917,000 | 1,348,525,000 |
| Total loans | 669,160,000 | 694,188,000 | 721,314,000 | 731,397,000 |
| Allowance for loan losses | 6,753,000 | 6,728,000 | 7,620,000 | 7,610,000 |
| Securities available for sale | 456,717,000 | 436,795,000 | 404,389,000 | 455,732,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,131,013,000 | 1,131,134,000 | 1,161,410,000 | 1,198,894,000 |
| Interest-bearing deposits | 883,040,000 | 860,809,000 | 857,878,000 | 872,653,000 |
| Noninterest-bearing deposits | 247,973,000 | 270,325,000 | 303,533,000 | 326,241,000 |
| Equity capital | 132,098,000 | 134,286,000 | 135,691,000 | 139,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 10,751,000 | 21,958,000 | 33,181,000 | 44,452,000 |
| Interest expense | 754,000 | 1,504,000 | 2,239,000 | 2,943,000 |
| Net interest income | 9,997,000 | 20,454,000 | 30,942,000 | 41,509,000 |
| Noninterest income | 3,921,000 | 8,077,000 | 12,313,000 | 17,307,000 |
| Noninterest expense | 10,399,000 | 20,949,000 | 31,799,000 | 43,063,000 |
| Provision for loan losses | 150,000 | 300,000 | 850,000 | 1,000,000 |
| Pretax income | 3,369,000 | 7,282,000 | 11,141,000 | 15,262,000 |
| Income tax | 815,000 | 1,811,000 | 2,793,000 | 3,874,000 |
| Net income | 2,554,000 | 5,471,000 | 8,348,000 | 11,388,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,275,000 | 109,210,000 | 111,193,000 | 113,608,000 |
| Total capital | 115,176,000 | 116,086,000 | 118,991,000 | 121,430,000 |
| Risk-weighted assets | 697,710,000 | 719,016,000 | 740,401,000 | 750,707,000 |