Call reports 2011
COVENANT BANK — 2011
What COVENANT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 243,916,000 | 234,993,000 | 237,403,000 | 230,660,000 |
| Total loans | 166,965,000 | 162,781,000 | 162,222,000 | 158,995,000 |
| Allowance for loan losses | 2,585,000 | 2,287,000 | 2,325,000 | 2,304,000 |
| Securities available for sale | 26,926,000 | 22,594,000 | 25,475,000 | 25,660,000 |
| Securities held to maturity | 7,259,000 | 7,033,000 | 7,032,000 | 11,071,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,736,000 | 182,443,000 | 186,079,000 | 183,591,000 |
| Interest-bearing deposits | 155,914,000 | 149,594,000 | 144,213,000 | 138,765,000 |
| Noninterest-bearing deposits | 32,822,000 | 32,849,000 | 41,866,000 | 44,826,000 |
| Equity capital | 22,131,000 | 23,383,000 | 23,110,000 | 22,271,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,707,000 | 5,397,000 | 8,007,000 | 10,570,000 |
| Interest expense | 783,000 | 1,540,000 | 2,223,000 | 2,843,000 |
| Net interest income | 1,924,000 | 3,857,000 | 5,784,000 | 7,727,000 |
| Noninterest income | 492,000 | 1,113,000 | 1,629,000 | 1,998,000 |
| Noninterest expense | 2,188,000 | 4,409,000 | 6,508,000 | 8,965,000 |
| Provision for loan losses | 265,000 | 1,554,000 | 1,641,000 | 2,439,000 |
| Pretax income | -722,000 | -1,757,000 | -1,746,000 | -3,248,000 |
| Income tax | -370,000 | -346,000 | -346,000 | -345,000 |
| Net income | -352,000 | -1,411,000 | -1,400,000 | -2,903,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,566,000 | 21,880,000 | 21,670,000 | 20,720,000 |
| Total capital | 22,974,000 | 24,167,000 | 23,969,000 | 22,970,000 |
| Risk-weighted assets | 192,492,000 | 187,450,000 | 183,879,000 | 179,966,000 |