Call reports 2010
COVENANT BANK — 2010
What COVENANT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 251,084,000 | 236,206,000 | 244,102,000 | 246,841,000 |
| Total loans | 165,966,000 | 169,986,000 | 173,198,000 | 170,564,000 |
| Allowance for loan losses | 2,289,000 | 2,345,000 | 2,358,000 | 2,369,000 |
| Securities available for sale | 25,965,000 | 25,196,000 | 19,247,000 | 23,603,000 |
| Securities held to maturity | 7,771,000 | 7,666,000 | 7,665,000 | 7,304,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,039,000 | 176,573,000 | 186,851,000 | 192,171,000 |
| Interest-bearing deposits | 159,628,000 | 151,162,000 | 156,456,000 | 157,536,000 |
| Noninterest-bearing deposits | 31,411,000 | 25,411,000 | 30,395,000 | 34,635,000 |
| Equity capital | 23,157,000 | 22,496,000 | 22,499,000 | 22,411,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,971,000 | 5,746,000 | 8,599,000 | 11,399,000 |
| Interest expense | 902,000 | 1,753,000 | 2,602,000 | 3,424,000 |
| Net interest income | 2,069,000 | 3,993,000 | 5,997,000 | 7,975,000 |
| Noninterest income | 657,000 | 1,322,000 | 1,950,000 | 2,212,000 |
| Noninterest expense | 2,227,000 | 4,457,000 | 6,447,000 | 8,417,000 |
| Provision for loan losses | 225,000 | 1,486,000 | 1,886,000 | 2,295,000 |
| Pretax income | 216,000 | -715,000 | -484,000 | -822,000 |
| Income tax | 3,000 | -418,000 | -404,000 | -600,000 |
| Net income | 213,000 | -297,000 | -80,000 | -222,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,078,000 | 22,494,000 | 22,707,000 | 21,945,000 |
| Total capital | 25,367,000 | 24,839,000 | 25,065,000 | 24,314,000 |
| Risk-weighted assets | 200,009,000 | 204,708,000 | 206,918,000 | 204,482,000 |