Call reports 2012
COVENANT BANK — 2012
What COVENANT BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 168,208,000 | 176,318,000 | 183,937,000 | 193,876,000 |
| Total loans | 120,256,000 | 129,547,000 | 134,592,000 | 138,099,000 |
| Allowance for loan losses | 1,906,000 | 1,917,000 | 2,001,000 | 1,934,000 |
| Securities available for sale | 24,695,000 | 24,424,000 | 22,877,000 | 32,496,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,368,000 | 137,809,000 | 144,832,000 | 153,277,000 |
| Interest-bearing deposits | 108,641,000 | 117,547,000 | 119,458,000 | 123,621,000 |
| Noninterest-bearing deposits | 21,727,000 | 20,262,000 | 25,374,000 | 29,656,000 |
| Equity capital | 24,747,000 | 25,322,000 | 25,960,000 | 27,292,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,088,000 | 4,269,000 | 6,509,000 | 8,690,000 |
| Interest expense | 327,000 | 670,000 | 1,013,000 | 1,338,000 |
| Net interest income | 1,761,000 | 3,599,000 | 5,496,000 | 7,352,000 |
| Noninterest income | 456,000 | 861,000 | 1,153,000 | 2,154,000 |
| Noninterest expense | 1,409,000 | 2,879,000 | 4,246,000 | 5,607,000 |
| Provision for loan losses | 164,000 | 248,000 | 332,000 | 518,000 |
| Pretax income | 644,000 | 1,333,000 | 2,071,000 | 3,381,000 |
| Income tax | 221,000 | 446,000 | 658,000 | 1,102,000 |
| Net income | 423,000 | 887,000 | 1,413,000 | 2,279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,539,000 | 23,977,000 | 24,540,000 | 25,781,000 |
| Total capital | 24,930,000 | 25,568,000 | 26,184,000 | 27,462,000 |
| Risk-weighted assets | 110,703,000 | 126,954,000 | 131,138,000 | 134,200,000 |
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