Call reports 2006
COVENANT BANK — 2006
What COVENANT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 179,268,000 | 182,326,000 | 198,681,000 | 212,340,000 |
| Total loans | 118,913,000 | 129,237,000 | 143,803,000 | 141,637,000 |
| Allowance for loan losses | 1,604,000 | 1,617,000 | 1,745,000 | 1,745,000 |
| Securities available for sale | 40,141,000 | 33,684,000 | 32,934,000 | 34,373,000 |
| Securities held to maturity | 250,000 | 250,000 | 412,000 | 3,321,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 125,088,000 | 127,999,000 | 132,525,000 | 148,695,000 |
| Interest-bearing deposits | 95,994,000 | 101,293,000 | 107,534,000 | 115,547,000 |
| Noninterest-bearing deposits | 29,094,000 | 26,706,000 | 24,991,000 | 33,148,000 |
| Equity capital | 15,372,000 | 15,657,000 | 16,074,000 | 16,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,654,000 | 5,583,000 | 8,792,000 | 12,241,000 |
| Interest expense | 1,065,000 | 2,323,000 | 3,756,000 | 5,327,000 |
| Net interest income | 1,589,000 | 3,260,000 | 5,036,000 | 6,914,000 |
| Noninterest income | 337,000 | 735,000 | 1,206,000 | 1,635,000 |
| Noninterest expense | 1,328,000 | 2,694,000 | 4,072,000 | 5,699,000 |
| Provision for loan losses | 102,000 | 204,000 | 367,000 | 489,000 |
| Pretax income | 496,000 | 1,097,000 | 1,807,000 | 2,390,000 |
| Income tax | 164,000 | 368,000 | 614,000 | 811,000 |
| Net income | 332,000 | 729,000 | 1,193,000 | 1,579,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,570,000 | 15,866,000 | 16,230,000 | 16,512,000 |
| Total capital | 17,174,000 | 17,483,000 | 17,975,000 | 18,257,000 |
| Risk-weighted assets | 140,471,000 | 147,651,000 | 161,062,000 | 164,574,000 |
Machine access — free, no API key
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