Call reports 2018
COVENANT BANK — 2018
What COVENANT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 475,473,000 | 480,863,000 | 479,946,000 | 479,313,000 |
| Total loans | 385,398,000 | 397,147,000 | 401,065,000 | 399,478,000 |
| Allowance for loan losses | 5,389,000 | 5,353,000 | 5,449,000 | 4,584,000 |
| Securities available for sale | 23,504,000 | 22,967,000 | 22,275,000 | 21,983,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 364,642,000 | 369,430,000 | 367,459,000 | 364,995,000 |
| Interest-bearing deposits | 294,331,000 | 297,859,000 | 294,733,000 | 291,250,000 |
| Noninterest-bearing deposits | 70,311,000 | 71,571,000 | 72,726,000 | 73,745,000 |
| Equity capital | 44,215,000 | 45,330,000 | 46,571,000 | 48,159,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,951,000 | 10,310,000 | 15,886,000 | 21,766,000 |
| Interest expense | 1,113,000 | 2,479,000 | 3,959,000 | 5,453,000 |
| Net interest income | 3,838,000 | 7,831,000 | 11,927,000 | 16,313,000 |
| Noninterest income | 214,000 | 367,000 | 509,000 | 654,000 |
| Noninterest expense | 2,470,000 | 5,210,000 | 7,812,000 | 10,262,000 |
| Provision for loan losses | 2,457,000 | 2,551,000 | 2,645,000 | 2,931,000 |
| Pretax income | -875,000 | 437,000 | 1,979,000 | 3,774,000 |
| Income tax | -241,000 | -24,000 | 241,000 | 566,000 |
| Net income | -634,000 | 461,000 | 1,738,000 | 3,208,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,952,000 | 45,052,000 | 46,333,000 | 48,231,000 |
| Total capital | 48,860,000 | 50,070,000 | 51,428,000 | 52,866,000 |
| Risk-weighted assets | 392,103,000 | 401,085,000 | 407,178,000 | 403,625,000 |
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