Call reports 2014
COVENANT BANK — 2014
What COVENANT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 234,628,000 | 243,903,000 | 226,402,000 | 227,092,000 |
| Total loans | 166,995,000 | 174,870,000 | 165,391,000 | 171,225,000 |
| Allowance for loan losses | 2,279,000 | 2,190,000 | 2,334,000 | 2,380,000 |
| Securities available for sale | 24,851,000 | 21,169,000 | 18,955,000 | 16,555,000 |
| Securities held to maturity | 7,121,000 | 7,011,000 | 7,008,000 | 5,656,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 197,848,000 | 198,136,000 | 180,899,000 | 189,388,000 |
| Interest-bearing deposits | 135,760,000 | 142,079,000 | 130,205,000 | 132,384,000 |
| Noninterest-bearing deposits | 62,088,000 | 56,057,000 | 50,694,000 | 57,004,000 |
| Equity capital | 24,876,000 | 25,219,000 | 25,636,000 | 25,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,359,000 | 4,768,000 | 7,161,000 | 9,535,000 |
| Interest expense | 230,000 | 462,000 | 690,000 | 911,000 |
| Net interest income | 2,129,000 | 4,306,000 | 6,471,000 | 8,624,000 |
| Noninterest income | 522,000 | 1,089,000 | 1,719,000 | 2,314,000 |
| Noninterest expense | 2,074,000 | 4,246,000 | 6,378,000 | 8,505,000 |
| Provision for loan losses | 236,000 | 544,000 | 634,000 | 1,979,000 |
| Pretax income | 341,000 | 605,000 | 1,178,000 | 454,000 |
| Income tax | 59,000 | 89,000 | 236,000 | -97,000 |
| Net income | 282,000 | 516,000 | 942,000 | 551,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,726,000 | 22,697,000 | 23,442,000 | 22,463,000 |
| Total capital | 25,005,000 | 24,887,000 | 25,776,000 | 24,843,000 |
| Risk-weighted assets | 189,404,000 | 199,263,000 | 189,645,000 | 193,935,000 |