Call reports 2021
VERABANK, NATIONAL ASSOCIATION — 2021
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 3,193,383,000 | 3,286,617,000 | 3,587,531,000 | 3,692,383,000 |
| Total loans | 1,649,966,000 | 1,703,391,000 | 1,925,760,000 | 1,958,191,000 |
| Allowance for loan losses | 27,063,000 | 27,442,000 | 27,785,000 | 27,708,000 |
| Securities available for sale | 636,158,000 | 626,910,000 | 649,723,000 | 377,861,000 |
| Securities held to maturity | 0 | 0 | 0 | 281,981,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,837,911,000 | 2,933,203,000 | 3,209,514,000 | 3,317,603,000 |
| Interest-bearing deposits | 1,981,348,000 | 2,047,557,000 | 2,200,552,000 | 2,298,514,000 |
| Noninterest-bearing deposits | 856,563,000 | 885,646,000 | 1,008,962,000 | 1,019,089,000 |
| Equity capital | 333,384,000 | 331,822,000 | 355,793,000 | 355,827,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 23,028,000 | 46,915,000 | 72,723,000 | 99,799,000 |
| Interest expense | 1,925,000 | 3,862,000 | 5,917,000 | 7,976,000 |
| Net interest income | 21,103,000 | 43,053,000 | 66,806,000 | 91,823,000 |
| Noninterest income | 10,019,000 | 19,625,000 | 29,088,000 | 38,048,000 |
| Noninterest expense | 18,656,000 | 39,103,000 | 59,423,000 | 82,190,000 |
| Provision for loan losses | 600,000 | 1,200,000 | 1,800,000 | 2,221,000 |
| Pretax income | 13,113,000 | 23,622,000 | 35,918,000 | 46,707,000 |
| Income tax | 1,664,000 | 3,375,000 | 5,453,000 | 7,215,000 |
| Net income | 11,449,000 | 20,247,000 | 30,465,000 | 39,492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 278,092,000 | 269,727,000 | 294,734,000 | 297,180,000 |
| Total capital | 299,720,000 | 292,248,000 | 320,023,000 | 323,558,000 |
| Risk-weighted assets | 1,724,329,000 | 1,796,352,000 | 2,020,164,000 | 2,108,260,000 |