Call reports 2009
COVENANT BANK — 2009
What COVENANT BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 231,633,000 | 231,475,000 | 250,922,000 | 263,181,000 |
| Total loans | 149,432,000 | 157,961,000 | 170,185,000 | 173,587,000 |
| Allowance for loan losses | 1,693,000 | 1,762,000 | 1,890,000 | 2,474,000 |
| Securities available for sale | 33,491,000 | 29,046,000 | 26,374,000 | 30,825,000 |
| Securities held to maturity | 9,587,000 | 9,111,000 | 9,105,000 | 8,067,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 169,951,000 | 164,146,000 | 187,852,000 | 194,452,000 |
| Interest-bearing deposits | 138,525,000 | 138,841,000 | 158,200,000 | 159,804,000 |
| Noninterest-bearing deposits | 31,426,000 | 25,305,000 | 29,652,000 | 34,648,000 |
| Equity capital | 18,917,000 | 23,288,000 | 23,521,000 | 22,871,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 2,771,000 | 5,646,000 | 8,715,000 | 11,648,000 |
| Interest expense | 929,000 | 1,825,000 | 2,693,000 | 3,636,000 |
| Net interest income | 1,842,000 | 3,821,000 | 6,022,000 | 8,012,000 |
| Noninterest income | 461,000 | 993,000 | 1,606,000 | 2,037,000 |
| Noninterest expense | 2,071,000 | 4,682,000 | 6,805,000 | 8,857,000 |
| Provision for loan losses | 258,000 | 434,000 | 908,000 | 2,243,000 |
| Pretax income | -26,000 | -973,000 | -813,000 | -1,756,000 |
| Income tax | -78,000 | -498,000 | -505,000 | -953,000 |
| Net income | 52,000 | -475,000 | -308,000 | -803,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,492,000 | 23,970,000 | 24,170,000 | 23,272,000 |
| Total capital | 21,185,000 | 25,731,000 | 26,060,000 | 25,746,000 |
| Risk-weighted assets | 198,703,000 | 202,772,000 | 208,866,000 | 209,839,000 |