Call reports 2007
COVENANT BANK — 2007
What COVENANT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 213,713,000 | 208,294,000 | 214,475,000 | 235,455,000 |
| Total loans | 138,417,000 | 139,325,000 | 145,492,000 | 143,389,000 |
| Allowance for loan losses | 1,596,000 | 1,610,000 | 1,593,000 | 1,587,000 |
| Securities available for sale | 37,912,000 | 37,436,000 | 33,509,000 | 41,310,000 |
| Securities held to maturity | 4,074,000 | 6,629,000 | 8,267,000 | 9,292,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,028,000 | 151,078,000 | 150,618,000 | 169,915,000 |
| Interest-bearing deposits | 127,589,000 | 124,314,000 | 124,501,000 | 120,322,000 |
| Noninterest-bearing deposits | 28,439,000 | 26,764,000 | 26,117,000 | 49,593,000 |
| Equity capital | 16,829,000 | 18,358,000 | 18,962,000 | 19,329,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,446,000 | 7,050,000 | 10,670,000 | 14,447,000 |
| Interest expense | 1,604,000 | 3,365,000 | 5,143,000 | 6,985,000 |
| Net interest income | 1,842,000 | 3,685,000 | 5,527,000 | 7,462,000 |
| Noninterest income | 410,000 | 850,000 | 1,298,000 | 1,810,000 |
| Noninterest expense | 1,558,000 | 3,183,000 | 4,811,000 | 6,716,000 |
| Provision for loan losses | 60,000 | 0 | 61,000 | 117,000 |
| Pretax income | 634,000 | 1,352,000 | 1,953,000 | 2,439,000 |
| Income tax | 205,000 | 439,000 | 618,000 | 753,000 |
| Net income | 429,000 | 913,000 | 1,335,000 | 1,686,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,841,000 | 18,518,000 | 18,938,000 | 19,186,000 |
| Total capital | 18,437,000 | 20,128,000 | 20,531,000 | 20,773,000 |
| Risk-weighted assets | 163,146,000 | 165,591,000 | 174,599,000 | 181,020,000 |
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