Call reports 2013
COVENANT BANK — 2013
What COVENANT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 198,508,000 | 209,629,000 | 197,670,000 | 212,943,000 |
| Total loans | 139,242,000 | 138,368,000 | 135,946,000 | 154,547,000 |
| Allowance for loan losses | 2,020,000 | 2,107,000 | 2,194,000 | 1,746,000 |
| Securities available for sale | 26,195,000 | 41,128,000 | 40,067,000 | 39,048,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 157,485,000 | 168,546,000 | 149,126,000 | 147,898,000 |
| Interest-bearing deposits | 126,441,000 | 134,472,000 | 120,209,000 | 116,549,000 |
| Noninterest-bearing deposits | 31,044,000 | 34,074,000 | 28,917,000 | 31,349,000 |
| Equity capital | 27,992,000 | 28,035,000 | 28,079,000 | 28,157,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,314,000 | 4,530,000 | 6,721,000 | 8,894,000 |
| Interest expense | 309,000 | 606,000 | 882,000 | 1,143,000 |
| Net interest income | 2,005,000 | 3,924,000 | 5,839,000 | 7,751,000 |
| Noninterest income | 811,000 | 1,077,000 | 1,360,000 | 1,652,000 |
| Noninterest expense | 1,548,000 | 3,082,000 | 4,835,000 | 6,141,000 |
| Provision for loan losses | 86,000 | 173,000 | 260,000 | 959,000 |
| Pretax income | 1,182,000 | 1,746,000 | 2,104,000 | 2,303,000 |
| Income tax | 384,000 | 570,000 | 670,000 | 723,000 |
| Net income | 798,000 | 1,176,000 | 1,434,000 | 1,580,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,426,000 | 26,787,000 | 27,058,000 | 28,141,000 |
| Total capital | 28,154,000 | 28,492,000 | 28,749,000 | 29,911,000 |
| Risk-weighted assets | 137,928,000 | 135,946,000 | 134,721,000 | 154,622,000 |
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