Verus Bank in Derby, Kansas (KS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Verus Bank - Overview

  • General
  • FDIC Certificate #: 21463
    Status: Active
    Federal Reserve ID: 728452
    Bank Holding Company (Regulatory Top Holder): First Team Resources Corporation (RSSDID: 2516587, Location: Derby, KS)
    Date Established: March 04, 1974
    WWW: http://www.verusbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11867
    FDIC's unique #: 14844
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: March 04, 1974
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 05, 2012
    Last Data Update: January 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1033 North Buckner Street, Derby, KS 67037
    County: Sedgwick
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Wichita
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Wichita, KS (#9040)
    Combined Statistical Area (CSA): Wichita-Winfield, KS (#556)
    Core Based Statistical Area (CBSA): Wichita, KS (#48620)
    CBSA Metro Statistical Area: Wichita, KS (#48620)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $115.8 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $103.9 mil
    Return on assets (ROA): 1.03% ($1.2 mil)
    Quarterly return on assets: 0.80% ($0.9 mil)
    Return on Equity (ROE): 10.86% ($1.2 mil)
    Quarterly return on equity: 8.40% ($0.9 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.07% ($1,238.7 mil)
    Quarterly Pretax return on assets: 0.83% ($960.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $115,765Total assets
  • $7,953Cash and due from depository institutions
  • $5,525Interest-bearing balances
  • $29,047Securities
  • $35Federal funds sold & reverse repurchase agreements
  • $69,519Net loans & leases
  • $767Loan loss allowance
  • $0Trading account assets
  • $4,884Bank premises and fixed assets
  • $73Other real estate owned
  • $0Goodwill and other intangibles
  • $115,765Life insurance assets
  • $4,254All other assets
  • $104,699Total liabilities and capital
  • $103,855Total liabilities
  • $74,950Total deposits
  • $103,855Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $475Trading liabilities
  • $0Other borrowed funds
  • $369Subordinated debt
  • $11,066All other liabilities
  • $11,066Total equity capital
  • $11,066Total bank equity capital
  • $0Perpetual preferred stock
  • $855Common stock
  • $2,145Surplus
  • $8,066Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $769Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $255Income earned, not collected on loans
  • $0Earning assets
  • $621Long-term assets (5+ years)
  • $104,126Average Assets, year-to-date
  • $35,381Average Assets, quarterly
  • $113,957Volatile liabilities
  • $116,765Insider loans
  • $76,455FHLB advances
  • $116,272Loans and leases held for sale
  • $2,382Unused loan commitments
  • $1,567Tier 1 (core) risk-based capital
  • $10,352Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $815Total unused commitments
  • $17,002Restructured Loans and leases
  • $449Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,009Total interest income
  • $563Total interest expense
  • $4,446Net interest income
  • $10Provision for loan and lease losses
  • $1,780Total noninterest income
  • $0Fiduciary activities
  • $777Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,003Additional noninterest income
  • $4,997Total noninterest expense
  • $2,772Salaries and employee benefits
  • $740Premises and equipment expense
  • $1,485Additional noninterest expense
  • $1,219Pre-tax net operating income
  • $0Securities gains (losses)
  • $46Applicable income taxes
  • $1,173Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,173Net income attributable to bank
  • $0Net charge-offs
  • $1,173Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $883Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 4.35%Net interest margin
  • 1.74%Noninterest income to earning assets
  • 4.88%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 10.86%Return on equity (ROE)
  • 2.68%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 66.67%Credit loss provision to net charge-offs
  • 81.93%Efficiency ratio
  • 80,260Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.28%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 300.78%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 66.94%Net loans and leases to core deposits
  • 67.53%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 13.54%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $113,957Average earning assets
  • $10,804Average equity
  • $102,299Average loans

List of branches

  • 6 Kansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014844Verus Bank1033 North Buckner Street, Derby, KS 67037March 04, 1974Full Service Brick and Mortar
    1252910Rock Road Office601 North Rock Road, Derby, KS 67037April 12, 1982Full Service Brick and Mortar
    2252911West Central Branch225 Village Road, El Dorado, KS 67042April 24, 1995Full Service Brick and Mortar
    3252912Downtown Branch640 North Main Street, El Dorado, KS 67042Febuary 26, 1998Limited Service Facility
    4428138Augusta Branch2330 North Ohio Street, Augusta, KS 67010April 22, 2004Full Service Brick and Mortar
    5512908Derby High School Branch920 N. Rock Road, Derby, KS 67037August 16, 2010Full Service Brick and Mortar

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