Call reports 2020
VERABANK, NATIONAL ASSOCIATION — 2020
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,496,001,000 | 2,840,927,000 | 2,888,124,000 | 2,976,083,000 |
| Total loans | 1,442,830,000 | 1,560,041,000 | 1,551,513,000 | 1,596,239,000 |
| Allowance for loan losses | 17,668,000 | 24,171,000 | 25,460,000 | 26,711,000 |
| Securities available for sale | 698,900,000 | 683,179,000 | 681,318,000 | 684,179,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,204,703,000 | 2,500,365,000 | 2,541,261,000 | 2,617,498,000 |
| Interest-bearing deposits | 1,613,274,000 | 1,735,612,000 | 1,783,980,000 | 1,880,493,000 |
| Noninterest-bearing deposits | 591,429,000 | 764,753,000 | 757,281,000 | 737,005,000 |
| Equity capital | 271,058,000 | 315,433,000 | 324,628,000 | 333,987,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 24,502,000 | 47,547,000 | 70,672,000 | 93,730,000 |
| Interest expense | 2,708,000 | 5,054,000 | 7,425,000 | 9,513,000 |
| Net interest income | 21,794,000 | 42,493,000 | 63,247,000 | 84,217,000 |
| Noninterest income | 6,197,000 | 16,384,000 | 23,380,000 | 31,216,000 |
| Noninterest expense | 15,431,000 | 33,256,000 | 51,272,000 | 70,576,000 |
| Provision for loan losses | 1,200,000 | 7,864,000 | 9,364,000 | 10,864,000 |
| Pretax income | 12,895,000 | 19,925,000 | 28,164,000 | 36,166,000 |
| Income tax | 2,579,000 | 3,984,000 | 5,576,000 | 6,510,000 |
| Net income | 10,316,000 | 15,941,000 | 22,588,000 | 29,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 216,742,000 | 254,248,000 | 260,455,000 | 267,083,000 |
| Total capital | 234,884,000 | 275,908,000 | 282,259,000 | 289,536,000 |
| Risk-weighted assets | 1,611,231,000 | 1,729,793,000 | 1,740,203,000 | 1,791,506,000 |