Call reports 2014
COVENANT BANK — 2014
What COVENANT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 209,654,000 | 220,425,000 | 235,341,000 | 216,900,000 |
| Total loans | 163,695,000 | 168,697,000 | 174,488,000 | 176,951,000 |
| Allowance for loan losses | 1,853,000 | 1,943,000 | 2,046,000 | 3,281,000 |
| Securities available for sale | 27,987,000 | 28,765,000 | 33,367,000 | 28,201,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,827,000 | 163,336,000 | 177,864,000 | 155,389,000 |
| Interest-bearing deposits | 122,893,000 | 127,763,000 | 131,039,000 | 121,830,000 |
| Noninterest-bearing deposits | 31,934,000 | 35,573,000 | 46,825,000 | 33,559,000 |
| Equity capital | 28,701,000 | 29,238,000 | 29,512,000 | 26,812,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,383,000 | 4,872,000 | 7,304,000 | 9,908,000 |
| Interest expense | 253,000 | 526,000 | 801,000 | 1,079,000 |
| Net interest income | 2,130,000 | 4,346,000 | 6,503,000 | 8,829,000 |
| Noninterest income | 416,000 | 583,000 | 755,000 | 393,000 |
| Noninterest expense | 1,671,000 | 3,369,000 | 5,215,000 | 8,470,000 |
| Provision for loan losses | 246,000 | 336,000 | 426,000 | 3,443,000 |
| Pretax income | 629,000 | 1,250,000 | 1,839,000 | -2,469,000 |
| Income tax | 198,000 | 393,000 | 580,000 | -885,000 |
| Net income | 431,000 | 857,000 | 1,259,000 | -1,584,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,559,000 | 28,971,000 | 29,361,000 | 26,622,000 |
| Total capital | 30,436,000 | 30,938,000 | 31,431,000 | 28,771,000 |
| Risk-weighted assets | 161,306,000 | 166,018,000 | 171,015,000 | 170,802,000 |
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