Call reports 2019
COVENANT BANK — 2019
What COVENANT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 488,761,000 | 505,214,000 | 512,146,000 | 515,747,000 |
| Total loans | 406,353,000 | 412,377,000 | 417,462,000 | 421,147,000 |
| Allowance for loan losses | 4,747,000 | 4,549,000 | 4,593,000 | 3,963,000 |
| Securities available for sale | 12,541,000 | 12,886,000 | 12,341,000 | 21,839,000 |
| Securities held to maturity | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 376,287,000 | 386,811,000 | 382,391,000 | 395,218,000 |
| Interest-bearing deposits | 302,324,000 | 314,640,000 | 313,122,000 | 316,335,000 |
| Noninterest-bearing deposits | 73,963,000 | 72,171,000 | 69,269,000 | 78,883,000 |
| Equity capital | 49,513,000 | 50,315,000 | 51,910,000 | 53,176,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 5,685,000 | 11,508,000 | 17,637,000 | 23,732,000 |
| Interest expense | 1,524,000 | 3,133,000 | 4,817,000 | 6,420,000 |
| Net interest income | 4,161,000 | 8,375,000 | 12,820,000 | 17,312,000 |
| Noninterest income | 170,000 | 333,000 | 471,000 | 648,000 |
| Noninterest expense | 2,725,000 | 5,496,000 | 7,981,000 | 11,417,000 |
| Provision for loan losses | 0 | 800,000 | 850,000 | 475,000 |
| Pretax income | 1,606,000 | 2,412,000 | 4,460,000 | 6,068,000 |
| Income tax | 275,000 | 385,000 | 883,000 | 1,203,000 |
| Net income | 1,331,000 | 2,027,000 | 3,577,000 | 4,865,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,562,000 | 50,258,000 | 51,811,000 | 53,099,000 |
| Total capital | 54,360,000 | 54,858,000 | 56,465,000 | 57,128,000 |
| Risk-weighted assets | 411,323,000 | 415,749,000 | 427,756,000 | 424,926,000 |
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