Call reports 2022
VERABANK, NATIONAL ASSOCIATION — 2022
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,847,615,000 | 3,928,295,000 | 3,966,918,000 | 3,954,479,000 |
| Total loans | 1,997,526,000 | 2,196,280,000 | 2,315,397,000 | 2,431,202,000 |
| Allowance for loan losses | 28,243,000 | 28,497,000 | 28,770,000 | 28,647,000 |
| Securities available for sale | 468,224,000 | 589,531,000 | 575,030,000 | 567,115,000 |
| Securities held to maturity | 281,228,000 | 305,301,000 | 299,135,000 | 291,445,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,471,235,000 | 3,560,436,000 | 3,580,656,000 | 3,555,425,000 |
| Interest-bearing deposits | 2,418,606,000 | 2,476,256,000 | 2,403,144,000 | 2,385,512,000 |
| Noninterest-bearing deposits | 1,052,629,000 | 1,084,180,000 | 1,177,512,000 | 1,169,913,000 |
| Equity capital | 350,786,000 | 343,462,000 | 351,611,000 | 368,071,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 27,215,000 | 58,959,000 | 95,367,000 | 136,712,000 |
| Interest expense | 2,042,000 | 4,259,000 | 6,942,000 | 10,855,000 |
| Net interest income | 25,173,000 | 54,700,000 | 88,425,000 | 125,857,000 |
| Noninterest income | 9,077,000 | 17,332,000 | 25,568,000 | 35,162,000 |
| Noninterest expense | 22,893,000 | 46,804,000 | 71,651,000 | 96,622,000 |
| Provision for loan losses | 600,000 | 1,200,000 | 1,800,000 | 2,400,000 |
| Pretax income | 10,836,000 | 24,107,000 | 40,621,000 | 62,076,000 |
| Income tax | 1,795,000 | 4,107,000 | 7,103,000 | 11,158,000 |
| Net income | 9,041,000 | 20,000,000 | 33,518,000 | 50,918,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 305,945,000 | 315,409,000 | 328,504,000 | 344,011,000 |
| Total capital | 333,267,000 | 344,558,000 | 357,926,000 | 373,310,000 |
| Risk-weighted assets | 2,184,205,000 | 2,395,938,000 | 2,498,832,000 | 2,576,741,000 |