Call reports 2004
COVENANT BANK — 2004
What COVENANT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 137,133,000 | 137,506,000 | 161,590,000 | 159,071,000 |
| Total loans | 93,242,000 | 99,438,000 | 105,595,000 | 105,049,000 |
| Allowance for loan losses | 1,239,000 | 1,278,000 | 1,340,000 | 1,313,000 |
| Securities available for sale | 27,350,000 | 25,401,000 | 37,796,000 | 41,644,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,631,000 | 94,904,000 | 100,720,000 | 102,852,000 |
| Interest-bearing deposits | 79,521,000 | 78,562,000 | 82,889,000 | 79,437,000 |
| Noninterest-bearing deposits | 16,110,000 | 16,342,000 | 17,831,000 | 23,415,000 |
| Equity capital | 10,740,000 | 10,833,000 | 16,360,000 | 14,449,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,613,000 | 3,296,000 | 5,117,000 | 7,048,000 |
| Interest expense | 447,000 | 914,000 | 1,435,000 | 2,009,000 |
| Net interest income | 1,166,000 | 2,382,000 | 3,682,000 | 5,039,000 |
| Noninterest income | 315,000 | 604,000 | 918,000 | 1,248,000 |
| Noninterest expense | 1,065,000 | 2,114,000 | 3,164,000 | 4,400,000 |
| Provision for loan losses | 111,000 | 222,000 | 333,000 | 465,000 |
| Pretax income | 305,000 | 650,000 | 1,103,000 | 1,422,000 |
| Income tax | 0 | 0 | 47,000 | 160,000 |
| Net income | 305,000 | 650,000 | 1,056,000 | 1,262,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,668,000 | 11,005,000 | 16,379,000 | 14,528,000 |
| Total capital | 11,907,000 | 12,283,000 | 17,719,000 | 15,841,000 |
| Risk-weighted assets | 104,513,000 | 109,232,000 | 119,370,000 | 119,544,000 |
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