Call reports 2017
COVENANT BANK — 2017
What COVENANT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 385,442,000 | 416,803,000 | 430,767,000 | 447,007,000 |
| Total loans | 322,400,000 | 356,125,000 | 360,623,000 | 376,722,000 |
| Allowance for loan losses | 4,256,000 | 4,677,000 | 4,106,000 | 4,673,000 |
| Securities available for sale | 27,353,000 | 25,810,000 | 24,944,000 | 24,260,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,188,000 | 335,836,000 | 347,901,000 | 347,834,000 |
| Interest-bearing deposits | 249,846,000 | 265,110,000 | 276,954,000 | 280,119,000 |
| Noninterest-bearing deposits | 57,342,000 | 70,726,000 | 70,947,000 | 67,715,000 |
| Equity capital | 31,044,000 | 34,256,000 | 36,970,000 | 44,923,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,988,000 | 8,462,000 | 13,175,000 | 18,072,000 |
| Interest expense | 583,000 | 1,323,000 | 2,184,000 | 3,160,000 |
| Net interest income | 3,405,000 | 7,139,000 | 10,991,000 | 14,912,000 |
| Noninterest income | 160,000 | 190,000 | 281,000 | 331,000 |
| Noninterest expense | 2,774,000 | 5,210,000 | 7,705,000 | 10,572,000 |
| Provision for loan losses | 300,000 | 750,000 | 2,036,000 | 2,636,000 |
| Pretax income | 491,000 | 1,372,000 | 1,534,000 | 2,038,000 |
| Income tax | 90,000 | 306,000 | 277,000 | 769,000 |
| Net income | 401,000 | 1,066,000 | 1,257,000 | 1,269,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,111,000 | 34,284,000 | 36,985,000 | 44,577,000 |
| Total capital | 35,253,000 | 38,832,000 | 41,140,000 | 49,336,000 |
| Risk-weighted assets | 331,194,000 | 363,637,000 | 365,830,000 | 384,759,000 |