Call reports 2011
COVENANT BANK — 2011
What COVENANT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 129,908,000 | 145,450,000 | 155,346,000 | 155,120,000 |
| Total loans | 105,439,000 | 108,992,000 | 110,099,000 | 115,709,000 |
| Allowance for loan losses | 1,560,000 | 1,659,000 | 1,529,000 | 1,775,000 |
| Securities available for sale | 15,155,000 | 17,149,000 | 23,122,000 | 23,944,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,630,000 | 114,548,000 | 117,996,000 | 117,346,000 |
| Interest-bearing deposits | 82,728,000 | 94,323,000 | 95,372,000 | 95,567,000 |
| Noninterest-bearing deposits | 17,902,000 | 20,225,000 | 22,624,000 | 21,779,000 |
| Equity capital | 16,217,000 | 17,854,000 | 23,964,000 | 24,392,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,843,000 | 3,744,000 | 5,704,000 | 7,708,000 |
| Interest expense | 391,000 | 770,000 | 1,148,000 | 1,483,000 |
| Net interest income | 1,452,000 | 2,974,000 | 4,556,000 | 6,225,000 |
| Noninterest income | 506,000 | 1,245,000 | 1,441,000 | 1,939,000 |
| Noninterest expense | 1,260,000 | 2,473,000 | 3,756,000 | 4,983,000 |
| Provision for loan losses | 65,000 | 152,000 | 222,000 | 468,000 |
| Pretax income | 633,000 | 1,594,000 | 2,019,000 | 2,713,000 |
| Income tax | 222,000 | 547,000 | 687,000 | 919,000 |
| Net income | 411,000 | 1,047,000 | 1,332,000 | 1,794,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,429,000 | 16,997,000 | 22,753,000 | 23,209,000 |
| Total capital | 16,679,000 | 18,321,000 | 24,084,000 | 24,599,000 |
| Risk-weighted assets | 99,672,000 | 105,548,000 | 106,276,000 | 110,763,000 |
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