Call reports 2019
VERABANK, NATIONAL ASSOCIATION — 2019
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 2,323,981,000 | 2,337,554,000 | 2,398,767,000 | 2,408,053,000 |
| Total loans | 1,368,634,000 | 1,378,955,000 | 1,387,182,000 | 1,455,524,000 |
| Allowance for loan losses | 14,741,000 | 15,639,000 | 16,150,000 | 16,907,000 |
| Securities available for sale | 455,022,000 | 488,856,000 | 491,556,000 | 509,669,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,075,638,000 | 2,079,141,000 | 2,129,706,000 | 2,134,087,000 |
| Interest-bearing deposits | 1,523,851,000 | 1,510,930,000 | 1,544,235,000 | 1,589,048,000 |
| Noninterest-bearing deposits | 551,787,000 | 568,211,000 | 585,471,000 | 545,039,000 |
| Equity capital | 231,035,000 | 241,257,000 | 249,148,000 | 252,859,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 23,379,000 | 47,258,000 | 71,730,000 | 96,041,000 |
| Interest expense | 2,326,000 | 4,878,000 | 7,545,000 | 10,185,000 |
| Net interest income | 21,053,000 | 42,380,000 | 64,185,000 | 85,856,000 |
| Noninterest income | 6,622,000 | 13,667,000 | 20,847,000 | 28,080,000 |
| Noninterest expense | 20,088,000 | 39,934,000 | 59,748,000 | 79,502,000 |
| Provision for loan losses | 1,050,000 | 2,100,000 | 3,150,000 | 4,200,000 |
| Pretax income | 6,581,000 | 14,543,000 | 22,664,000 | 30,764,000 |
| Income tax | 1,316,000 | 2,908,000 | 4,532,000 | 6,152,000 |
| Net income | 5,265,000 | 11,635,000 | 18,132,000 | 24,612,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 192,494,000 | 198,447,000 | 204,311,000 | 208,104,000 |
| Total capital | 207,709,000 | 214,560,000 | 220,935,000 | 225,485,000 |
| Risk-weighted assets | 1,444,137,000 | 1,462,933,000 | 1,487,094,000 | 1,556,341,000 |