Call reports 2015
VERABANK, NATIONAL ASSOCIATION — 2015
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,633,226,000 | 1,604,348,000 | 1,641,748,000 | 1,663,549,000 |
| Total loans | 735,980,000 | 761,745,000 | 781,196,000 | 799,236,000 |
| Allowance for loan losses | 8,149,000 | 8,288,000 | 8,501,000 | 8,787,000 |
| Securities available for sale | 641,947,000 | 685,023,000 | 665,070,000 | 681,815,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,472,083,000 | 1,443,782,000 | 1,478,456,000 | 1,496,111,000 |
| Interest-bearing deposits | 1,105,527,000 | 1,103,053,000 | 1,124,444,000 | 1,144,956,000 |
| Noninterest-bearing deposits | 366,557,000 | 340,730,000 | 354,013,000 | 351,155,000 |
| Equity capital | 151,117,000 | 148,946,000 | 153,287,000 | 156,742,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 11,761,000 | 24,278,000 | 37,110,000 | 50,069,000 |
| Interest expense | 762,000 | 1,568,000 | 2,330,000 | 3,096,000 |
| Net interest income | 10,999,000 | 22,710,000 | 34,780,000 | 46,973,000 |
| Noninterest income | 4,991,000 | 10,178,000 | 15,399,000 | 20,557,000 |
| Noninterest expense | 13,123,000 | 26,609,000 | 40,242,000 | 53,565,000 |
| Provision for loan losses | 825,000 | 1,290,000 | 1,755,000 | 2,220,000 |
| Pretax income | 3,148,000 | 6,777,000 | 10,448,000 | 14,010,000 |
| Income tax | 693,000 | 1,428,000 | 2,203,000 | 2,954,000 |
| Net income | 2,455,000 | 5,349,000 | 8,245,000 | 11,056,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 119,230,000 | 122,550,000 | 124,764,000 | 126,891,000 |
| Total capital | 127,591,000 | 131,050,000 | 133,477,000 | 135,890,000 |
| Risk-weighted assets | 819,424,000 | 870,614,000 | 905,846,000 | 932,934,000 |