Call reports 2023
VERABANK, NATIONAL ASSOCIATION — 2023
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 4,481,234,000 | 4,482,421,000 | 4,038,855,000 | 4,071,215,000 |
| Total loans | 2,487,777,000 | 2,573,957,000 | 2,658,155,000 | 2,755,898,000 |
| Allowance for loan losses | 31,628,000 | 32,003,000 | 32,572,000 | 33,235,000 |
| Securities available for sale | 553,779,000 | 501,046,000 | 460,638,000 | 462,613,000 |
| Securities held to maturity | 289,933,000 | 285,973,000 | 284,409,000 | 282,778,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,556,460,000 | 3,547,202,000 | 3,604,966,000 | 3,619,875,000 |
| Interest-bearing deposits | 2,449,176,000 | 2,493,503,000 | 2,552,296,000 | 2,651,137,000 |
| Noninterest-bearing deposits | 1,107,284,000 | 1,053,699,000 | 1,052,670,000 | 968,738,000 |
| Equity capital | 390,898,000 | 402,486,000 | 400,678,000 | 420,021,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 44,841,000 | 96,468,000 | 146,401,000 | 196,778,000 |
| Interest expense | 8,716,000 | 24,917,000 | 38,859,000 | 53,268,000 |
| Net interest income | 36,125,000 | 71,551,000 | 107,542,000 | 143,510,000 |
| Noninterest income | 11,084,000 | 19,492,000 | 27,891,000 | 37,366,000 |
| Noninterest expense | 25,434,000 | 51,513,000 | 79,781,000 | 107,280,000 |
| Provision for loan losses | 900,000 | 1,500,000 | 2,400,000 | 3,600,000 |
| Pretax income | 20,875,000 | 38,030,000 | 53,252,000 | 69,996,000 |
| Income tax | 3,988,000 | 7,363,000 | 10,243,000 | 13,454,000 |
| Net income | 16,887,000 | 30,667,000 | 43,009,000 | 56,542,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 365,463,000 | 377,454,000 | 381,720,000 | 393,151,000 |
| Total capital | 397,843,000 | 410,209,000 | 415,044,000 | 427,138,000 |
| Risk-weighted assets | 2,619,744,000 | 2,669,945,000 | 2,718,366,000 | 2,796,238,000 |