Call reports 2018
VERABANK, NATIONAL ASSOCIATION — 2018
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 1,805,272,000 | 1,808,919,000 | 1,823,076,000 | 2,308,542,000 |
| Total loans | 1,085,355,000 | 1,110,850,000 | 1,155,370,000 | 1,370,422,000 |
| Allowance for loan losses | 11,984,000 | 12,585,000 | 12,873,000 | 13,888,000 |
| Securities available for sale | 411,411,000 | 407,962,000 | 390,106,000 | 508,919,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,630,922,000 | 1,630,224,000 | 1,639,960,000 | 2,061,737,000 |
| Interest-bearing deposits | 1,189,945,000 | 1,195,203,000 | 1,195,328,000 | 1,516,941,000 |
| Noninterest-bearing deposits | 440,977,000 | 435,021,000 | 444,632,000 | 544,796,000 |
| Equity capital | 162,714,000 | 166,856,000 | 169,456,000 | 222,954,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 16,765,000 | 34,109,000 | 52,482,000 | 73,763,000 |
| Interest expense | 950,000 | 2,008,000 | 3,263,000 | 5,093,000 |
| Net interest income | 15,815,000 | 32,101,000 | 49,219,000 | 68,670,000 |
| Noninterest income | 5,605,000 | 11,297,000 | 17,324,000 | 23,850,000 |
| Noninterest expense | 15,040,000 | 30,135,000 | 46,003,000 | 65,068,000 |
| Provision for loan losses | 750,000 | 1,500,000 | 2,250,000 | 3,000,000 |
| Pretax income | 5,630,000 | 11,763,000 | 18,323,000 | 24,485,000 |
| Income tax | 1,098,000 | 2,293,000 | 3,573,000 | 4,862,000 |
| Net income | 4,532,000 | 9,470,000 | 14,750,000 | 19,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 137,068,000 | 142,168,000 | 146,159,000 | 188,485,000 |
| Total capital | 149,526,000 | 155,227,000 | 159,506,000 | 202,847,000 |
| Risk-weighted assets | 1,155,333,000 | 1,187,699,000 | 1,221,329,000 | 1,472,573,000 |