Call reports 2003
COVENANT BANK — 2003
What COVENANT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 110,731,000 | 110,485,000 | 127,109,000 | 129,916,000 |
| Total loans | 77,178,000 | 83,192,000 | 93,564,000 | 91,485,000 |
| Allowance for loan losses | 1,048,000 | 1,138,000 | 1,227,000 | 1,193,000 |
| Securities available for sale | 19,234,000 | 16,131,000 | 20,188,000 | 24,751,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,869,000 | 86,519,000 | 90,236,000 | 94,081,000 |
| Interest-bearing deposits | 73,926,000 | 73,001,000 | 73,998,000 | 75,009,000 |
| Noninterest-bearing deposits | 13,943,000 | 13,518,000 | 16,238,000 | 19,072,000 |
| Equity capital | 9,646,000 | 9,815,000 | 10,175,000 | 10,386,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,345,000 | 2,726,000 | 4,246,000 | 5,793,000 |
| Interest expense | 452,000 | 904,000 | 1,328,000 | 1,766,000 |
| Net interest income | 893,000 | 1,822,000 | 2,918,000 | 4,027,000 |
| Noninterest income | 266,000 | 550,000 | 865,000 | 1,189,000 |
| Noninterest expense | 893,000 | 1,801,000 | 2,741,000 | 3,761,000 |
| Provision for loan losses | 135,000 | 270,000 | 363,000 | 567,000 |
| Pretax income | 131,000 | 301,000 | 679,000 | 888,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 131,000 | 301,000 | 679,000 | 888,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,615,000 | 9,784,000 | 10,154,000 | 10,362,000 |
| Total capital | 10,663,000 | 10,922,000 | 11,381,000 | 11,555,000 |
| Risk-weighted assets | 89,419,000 | 92,440,000 | 101,648,000 | 100,976,000 |
Machine access — free, no API key
Every figure shown here about COVENANT BANK — 2003 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 since 27 September get_timeseries for a metric over time with its gap years made explicit and compare_entities for several entities on one shared period) 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.