Call reports 2005
COVENANT BANK — 2005
What COVENANT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 167,976,000 | 162,112,000 | 178,235,000 | 187,595,000 |
| Total loans | 103,924,000 | 110,485,000 | 114,021,000 | 115,817,000 |
| Allowance for loan losses | 1,352,000 | 1,393,000 | 1,425,000 | 1,502,000 |
| Securities available for sale | 43,808,000 | 36,225,000 | 39,203,000 | 48,481,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,105,000 | 108,682,000 | 117,504,000 | 124,277,000 |
| Interest-bearing deposits | 91,416,000 | 86,351,000 | 94,516,000 | 94,718,000 |
| Noninterest-bearing deposits | 22,689,000 | 22,331,000 | 22,988,000 | 29,559,000 |
| Equity capital | 14,507,000 | 14,757,000 | 14,944,000 | 15,096,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 2,002,000 | 4,146,000 | 6,479,000 | 9,059,000 |
| Interest expense | 619,000 | 1,347,000 | 2,199,000 | 3,159,000 |
| Net interest income | 1,383,000 | 2,799,000 | 4,280,000 | 5,900,000 |
| Noninterest income | 346,000 | 703,000 | 1,052,000 | 1,416,000 |
| Noninterest expense | 1,259,000 | 2,503,000 | 3,826,000 | 5,245,000 |
| Provision for loan losses | 90,000 | 180,000 | 287,000 | 377,000 |
| Pretax income | 380,000 | 819,000 | 1,219,000 | 1,694,000 |
| Income tax | 130,000 | 284,000 | 422,000 | 564,000 |
| Net income | 250,000 | 535,000 | 797,000 | 1,130,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,702,000 | 14,905,000 | 15,084,000 | 15,331,000 |
| Total capital | 16,054,000 | 16,298,000 | 16,509,000 | 16,833,000 |
| Risk-weighted assets | 126,079,000 | 127,854,000 | 133,381,000 | 139,702,000 |
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