Call reports 2015
COVENANT BANK — 2015
What COVENANT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 217,665,000 | 237,704,000 | 252,270,000 | 265,537,000 |
| Total loans | 177,601,000 | 179,123,000 | 192,931,000 | 205,002,000 |
| Allowance for loan losses | 4,051,000 | 3,511,000 | 3,598,000 | 2,763,000 |
| Securities available for sale | 26,964,000 | 34,003,000 | 42,398,000 | 40,882,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,352,000 | 180,790,000 | 196,216,000 | 193,776,000 |
| Interest-bearing deposits | 125,941,000 | 141,369,000 | 156,856,000 | 156,249,000 |
| Noninterest-bearing deposits | 34,411,000 | 39,421,000 | 39,360,000 | 37,527,000 |
| Equity capital | 27,141,000 | 27,132,000 | 27,388,000 | 27,383,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,476,000 | 5,126,000 | 7,769,000 | 10,565,000 |
| Interest expense | 276,000 | 557,000 | 851,000 | 1,196,000 |
| Net interest income | 2,200,000 | 4,569,000 | 6,918,000 | 9,369,000 |
| Noninterest income | 139,000 | 176,000 | 280,000 | 381,000 |
| Noninterest expense | 1,175,000 | 3,262,000 | 5,354,000 | 7,517,000 |
| Provision for loan losses | 770,000 | 800,000 | 887,000 | 1,455,000 |
| Pretax income | 394,000 | 721,000 | 981,000 | 802,000 |
| Income tax | 115,000 | 212,000 | 286,000 | 204,000 |
| Net income | 279,000 | 509,000 | 695,000 | 598,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,988,000 | 27,210,000 | 27,391,000 | 27,471,000 |
| Total capital | 29,270,000 | 29,555,000 | 29,871,000 | 30,153,000 |
| Risk-weighted assets | 180,787,000 | 186,447,000 | 197,267,000 | 214,417,000 |
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