Call reports 2016
VERABANK, NATIONAL ASSOCIATION — 2016
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,695,427,000 | 1,665,285,000 | 1,653,290,000 | 1,737,912,000 |
| Total loans | 807,388,000 | 822,719,000 | 842,341,000 | 924,377,000 |
| Allowance for loan losses | 9,091,000 | 9,369,000 | 9,573,000 | 9,700,000 |
| Securities available for sale | 678,298,000 | 683,493,000 | 651,111,000 | 637,547,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,520,997,000 | 1,492,866,000 | 1,477,768,000 | 1,558,993,000 |
| Interest-bearing deposits | 1,175,959,000 | 1,145,684,000 | 1,135,955,000 | 1,204,926,000 |
| Noninterest-bearing deposits | 345,038,000 | 347,182,000 | 341,813,000 | 354,067,000 |
| Equity capital | 155,078,000 | 161,132,000 | 162,535,000 | 165,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 13,370,000 | 27,028,000 | 40,856,000 | 55,320,000 |
| Interest expense | 764,000 | 1,518,000 | 2,259,000 | 3,030,000 |
| Net interest income | 12,606,000 | 25,510,000 | 38,597,000 | 52,290,000 |
| Noninterest income | 5,258,000 | 10,453,000 | 15,808,000 | 21,217,000 |
| Noninterest expense | 13,578,000 | 27,136,000 | 41,045,000 | 55,113,000 |
| Provision for loan losses | 465,000 | 930,000 | 1,395,000 | 1,860,000 |
| Pretax income | 3,692,000 | 7,796,000 | 11,911,000 | 16,570,000 |
| Income tax | 798,000 | 1,727,000 | 2,669,000 | 3,802,000 |
| Net income | 2,894,000 | 6,069,000 | 9,242,000 | 12,768,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 122,152,000 | 124,696,000 | 127,297,000 | 140,178,000 |
| Total capital | 131,455,000 | 134,277,000 | 137,082,000 | 150,090,000 |
| Risk-weighted assets | 953,042,000 | 966,691,000 | 988,792,000 | 1,068,762,000 |