Call reports 2024
VERABANK, NATIONAL ASSOCIATION — 2024
What VERABANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 4,118,164,000 | 4,117,271,000 | 4,245,126,000 | 4,297,154,000 |
| Total loans | 2,779,129,000 | 2,817,902,000 | 2,836,183,000 | 2,825,105,000 |
| Allowance for loan losses | 33,834,000 | 34,454,000 | 35,027,000 | 35,019,000 |
| Securities available for sale | 448,461,000 | 437,709,000 | 373,579,000 | 424,199,000 |
| Securities held to maturity | 280,930,000 | 278,921,000 | 276,749,000 | 274,687,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,654,690,000 | 3,643,055,000 | 3,778,164,000 | 3,817,758,000 |
| Interest-bearing deposits | 2,682,948,000 | 2,681,320,000 | 2,785,450,000 | 2,801,135,000 |
| Noninterest-bearing deposits | 971,742,000 | 961,735,000 | 992,714,000 | 1,016,623,000 |
| Equity capital | 430,247,000 | 438,941,000 | 429,398,000 | 439,738,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 50,975,000 | 103,346,000 | 158,464,000 | 217,504,000 |
| Interest expense | 15,841,000 | 32,225,000 | 49,858,000 | 67,103,000 |
| Net interest income | 35,134,000 | 71,121,000 | 108,606,000 | 150,401,000 |
| Noninterest income | 8,746,000 | 19,723,000 | 29,218,000 | 39,023,000 |
| Noninterest expense | 27,454,000 | 55,440,000 | 83,570,000 | 111,031,000 |
| Provision for loan losses | 1,050,000 | 2,100,000 | 3,150,000 | 3,750,000 |
| Pretax income | 15,374,000 | 33,302,000 | 50,111,000 | 73,647,000 |
| Income tax | 2,930,000 | 6,411,000 | 9,661,000 | 14,325,000 |
| Net income | 12,444,000 | 26,891,000 | 40,450,000 | 59,322,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 404,999,000 | 413,143,000 | 399,521,000 | 416,205,000 |
| Total capital | 439,585,000 | 448,349,000 | 434,687,000 | 451,346,000 |
| Risk-weighted assets | 2,803,801,000 | 2,819,726,000 | 2,812,696,000 | 2,810,724,000 |