Call reports 2010
COVENANT BANK — 2010
What COVENANT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 100,782,000 | 112,856,000 | 124,939,000 | 130,170,000 |
| Total loans | 87,321,000 | 94,158,000 | 102,595,000 | 110,964,000 |
| Allowance for loan losses | 999,000 | 1,074,000 | 1,150,000 | 1,495,000 |
| Securities available for sale | 9,869,000 | 12,578,000 | 11,755,000 | 14,108,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,642,000 | 91,315,000 | 102,332,000 | 99,178,000 |
| Interest-bearing deposits | 69,131,000 | 79,281,000 | 87,767,000 | 84,209,000 |
| Noninterest-bearing deposits | 11,511,000 | 12,034,000 | 14,565,000 | 14,969,000 |
| Equity capital | 11,239,000 | 12,294,000 | 12,354,000 | 14,563,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,340,000 | 2,918,000 | 4,686,000 | 6,561,000 |
| Interest expense | 336,000 | 706,000 | 1,114,000 | 1,541,000 |
| Net interest income | 1,004,000 | 2,212,000 | 3,572,000 | 5,020,000 |
| Noninterest income | 152,000 | 334,000 | 733,000 | 1,126,000 |
| Noninterest expense | 1,029,000 | 2,012,000 | 3,019,000 | 4,075,000 |
| Provision for loan losses | 95,000 | 433,000 | 1,085,000 | 1,508,000 |
| Pretax income | 119,000 | 188,000 | 288,000 | 650,000 |
| Income tax | 0 | -1,009,000 | -973,000 | -981,000 |
| Net income | 119,000 | 1,197,000 | 1,261,000 | 1,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,823,000 | 11,003,000 | 10,898,000 | 13,048,000 |
| Total capital | 11,801,000 | 12,070,000 | 12,056,000 | 14,350,000 |
| Risk-weighted assets | 78,191,000 | 85,340,000 | 93,479,000 | 103,994,000 |
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