Call reports 2012
COVENANT BANK — 2012
What COVENANT BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 237,091,000 | 253,513,000 | 239,458,000 | 240,019,000 |
| Total loans | 159,500,000 | 164,555,000 | 163,108,000 | 166,746,000 |
| Allowance for loan losses | 2,511,000 | 2,580,000 | 2,561,000 | 2,294,000 |
| Securities available for sale | 32,569,000 | 30,945,000 | 28,542,000 | 26,143,000 |
| Securities held to maturity | 12,172,000 | 13,246,000 | 12,693,000 | 11,150,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 191,382,000 | 200,934,000 | 193,051,000 | 200,105,000 |
| Interest-bearing deposits | 138,722,000 | 148,930,000 | 137,141,000 | 147,844,000 |
| Noninterest-bearing deposits | 52,660,000 | 52,004,000 | 55,910,000 | 52,261,000 |
| Equity capital | 22,719,000 | 23,396,000 | 24,314,000 | 24,239,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 2,535,000 | 5,089,000 | 7,726,000 | 10,153,000 |
| Interest expense | 518,000 | 963,000 | 1,318,000 | 1,645,000 |
| Net interest income | 2,017,000 | 4,126,000 | 6,408,000 | 8,508,000 |
| Noninterest income | 577,000 | 1,110,000 | 1,649,000 | 2,173,000 |
| Noninterest expense | 1,974,000 | 3,850,000 | 5,742,000 | 8,055,000 |
| Provision for loan losses | 202,000 | 388,000 | 574,000 | 677,000 |
| Pretax income | 418,000 | 998,000 | 1,741,000 | 1,949,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 418,000 | 998,000 | 1,741,000 | 1,949,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,138,000 | 21,718,000 | 22,275,000 | 22,367,000 |
| Total capital | 23,443,000 | 24,052,000 | 24,590,000 | 24,661,000 |
| Risk-weighted assets | 183,428,000 | 186,577,000 | 184,966,000 | 184,909,000 |