Call reports 2017
VERABANK, NATIONAL ASSOCIATION — 2017
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 1,809,982,000 | 1,764,577,000 | 1,707,150,000 | 1,730,108,000 |
| Total loans | 970,697,000 | 1,028,448,000 | 1,038,432,000 | 1,061,489,000 |
| Allowance for loan losses | 10,116,000 | 10,500,000 | 10,883,000 | 11,284,000 |
| Securities available for sale | 632,636,000 | 541,594,000 | 437,870,000 | 417,948,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,597,957,000 | 1,555,426,000 | 1,513,893,000 | 1,537,492,000 |
| Interest-bearing deposits | 1,222,581,000 | 1,182,190,000 | 1,126,294,000 | 1,151,273,000 |
| Noninterest-bearing deposits | 375,376,000 | 373,236,000 | 387,599,000 | 386,219,000 |
| Equity capital | 170,483,000 | 177,646,000 | 180,539,000 | 179,857,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 15,616,000 | 31,492,000 | 47,738,000 | 63,821,000 |
| Interest expense | 836,000 | 1,716,000 | 2,566,000 | 3,396,000 |
| Net interest income | 14,780,000 | 29,776,000 | 45,172,000 | 60,425,000 |
| Noninterest income | 5,279,000 | 10,606,000 | 16,254,000 | 21,906,000 |
| Noninterest expense | 14,115,000 | 28,523,000 | 42,993,000 | 59,034,000 |
| Provision for loan losses | 600,000 | 1,090,000 | 1,690,000 | 2,290,000 |
| Pretax income | 5,346,000 | 10,846,000 | 18,166,000 | 22,552,000 |
| Income tax | 1,361,000 | 2,789,000 | 4,844,000 | 7,225,000 |
| Net income | 3,985,000 | 8,057,000 | 13,322,000 | 15,327,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 142,302,000 | 145,360,000 | 149,556,000 | 151,185,000 |
| Total capital | 152,630,000 | 156,182,000 | 160,761,000 | 162,943,000 |
| Risk-weighted assets | 1,098,100,000 | 1,152,537,000 | 1,128,362,000 | 1,130,867,000 |