Call reports 2013
COVENANT BANK — 2013
What COVENANT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 244,948,000 | 230,805,000 | 226,175,000 | 228,253,000 |
| Total loans | 160,349,000 | 159,247,000 | 161,288,000 | 167,653,000 |
| Allowance for loan losses | 2,424,000 | 2,437,000 | 2,346,000 | 2,459,000 |
| Securities available for sale | 23,163,000 | 21,386,000 | 24,023,000 | 22,517,000 |
| Securities held to maturity | 11,148,000 | 10,725,000 | 8,384,000 | 7,413,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,099,000 | 191,482,000 | 182,165,000 | 189,799,000 |
| Interest-bearing deposits | 150,465,000 | 141,604,000 | 134,480,000 | 135,508,000 |
| Noninterest-bearing deposits | 56,634,000 | 49,878,000 | 47,685,000 | 54,291,000 |
| Equity capital | 24,500,000 | 24,903,000 | 25,265,000 | 24,673,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,355,000 | 4,734,000 | 7,143,000 | 9,553,000 |
| Interest expense | 306,000 | 593,000 | 859,000 | 1,108,000 |
| Net interest income | 2,049,000 | 4,141,000 | 6,284,000 | 8,445,000 |
| Noninterest income | 455,000 | 974,000 | 1,451,000 | 1,864,000 |
| Noninterest expense | 2,102,000 | 4,281,000 | 6,413,000 | 8,532,000 |
| Provision for loan losses | 141,000 | 182,000 | 79,000 | 276,000 |
| Pretax income | 261,000 | 652,000 | 1,234,000 | 1,491,000 |
| Income tax | 0 | 0 | 0 | -400,000 |
| Net income | 261,000 | 652,000 | 1,234,000 | 1,891,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,517,000 | 22,791,000 | 23,296,000 | 22,724,000 |
| Total capital | 24,760,000 | 25,099,000 | 25,609,000 | 25,105,000 |
| Risk-weighted assets | 179,272,000 | 184,544,000 | 185,017,000 | 190,424,000 |