Call reports 2015
COVENANT BANK — 2015
What COVENANT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 221,580,000 | 223,446,000 | 222,230,000 | 222,122,000 |
| Total loans | 167,063,000 | 174,900,000 | 173,976,000 | 174,886,000 |
| Allowance for loan losses | 2,355,000 | 2,664,000 | 2,791,000 | 2,071,000 |
| Securities available for sale | 16,285,000 | 15,203,000 | 14,036,000 | 12,704,000 |
| Securities held to maturity | 5,374,000 | 4,073,000 | 4,071,000 | 4,069,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 184,783,000 | 181,645,000 | 174,329,000 | 170,814,000 |
| Interest-bearing deposits | 132,367,000 | 128,173,000 | 123,472,000 | 115,678,000 |
| Noninterest-bearing deposits | 52,416,000 | 53,472,000 | 50,857,000 | 55,136,000 |
| Equity capital | 25,358,000 | 25,165,000 | 25,336,000 | 25,103,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,287,000 | 4,571,000 | 6,910,000 | 9,201,000 |
| Interest expense | 206,000 | 403,000 | 589,000 | 765,000 |
| Net interest income | 2,081,000 | 4,168,000 | 6,321,000 | 8,436,000 |
| Noninterest income | 535,000 | 1,077,000 | 1,725,000 | 2,270,000 |
| Noninterest expense | 2,309,000 | 4,466,000 | 6,687,000 | 9,245,000 |
| Provision for loan losses | 127,000 | 751,000 | 880,000 | 830,000 |
| Pretax income | 180,000 | 28,000 | 479,000 | 631,000 |
| Income tax | 3,000 | -114,000 | -5,000 | -5,000 |
| Net income | 177,000 | 142,000 | 484,000 | 636,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,610,000 | 24,443,000 | 24,678,000 | 24,383,000 |
| Total capital | 26,965,000 | 26,908,000 | 27,148,000 | 26,454,000 |
| Risk-weighted assets | 191,523,000 | 196,916,000 | 197,175,000 | 195,294,000 |