Call reports 2016
COVENANT BANK — 2016
What COVENANT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 267,373,000 | 294,682,000 | 316,927,000 | 354,604,000 |
| Total loans | 209,981,000 | 225,937,000 | 258,325,000 | 291,238,000 |
| Allowance for loan losses | 2,975,000 | 3,192,000 | 3,334,000 | 3,952,000 |
| Securities available for sale | 39,689,000 | 28,610,000 | 29,373,000 | 28,376,000 |
| Securities held to maturity | 0 | 0 | 0 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 187,138,000 | 221,399,000 | 216,042,000 | 277,484,000 |
| Interest-bearing deposits | 154,116,000 | 182,081,000 | 164,898,000 | 217,889,000 |
| Noninterest-bearing deposits | 33,022,000 | 39,318,000 | 51,144,000 | 59,595,000 |
| Equity capital | 27,706,000 | 27,500,000 | 32,345,000 | 30,604,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,875,000 | 5,879,000 | 9,184,000 | 13,060,000 |
| Interest expense | 416,000 | 878,000 | 1,323,000 | 1,818,000 |
| Net interest income | 2,459,000 | 5,001,000 | 7,861,000 | 11,242,000 |
| Noninterest income | 158,000 | 373,000 | 359,000 | 323,000 |
| Noninterest expense | 2,198,000 | 4,883,000 | 7,201,000 | 9,535,000 |
| Provision for loan losses | 171,000 | 642,000 | 813,000 | 4,416,000 |
| Pretax income | 248,000 | 39,000 | 396,000 | -2,196,000 |
| Income tax | 60,000 | -96,000 | -17,000 | -994,000 |
| Net income | 188,000 | 135,000 | 413,000 | -1,202,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,606,000 | 27,421,000 | 32,276,000 | 30,748,000 |
| Total capital | 30,331,000 | 30,378,000 | 35,637,000 | 34,551,000 |
| Risk-weighted assets | 217,712,000 | 236,266,000 | 269,551,000 | 304,040,000 |
Machine access — free, no API key
Every figure shown here about COVENANT BANK — 2016 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.