Call reports 2006
COVENANT BANK & TRUST — 2006
What COVENANT BANK & TRUST reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Total assets | 10,760,000 | 22,123,000 | 36,457,000 |
| Total loans | 4,472,000 | 18,167,000 | 29,392,000 |
| Allowance for loan losses | 65,000 | 182,000 | 294,000 |
| Securities available for sale | 2,893,000 | 2,882,000 | 4,842,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 2,313,000 | 13,210,000 | 28,232,000 |
| Interest-bearing deposits | 2,240,000 | 12,964,000 | 27,223,000 |
| Noninterest-bearing deposits | 73,000 | 246,000 | 1,009,000 |
| Equity capital | 8,408,000 | 8,160,000 | 8,029,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Interest income | 208,000 | 507,000 | 1,091,000 |
| Interest expense | 18,000 | 105,000 | 403,000 |
| Net interest income | 190,000 | 402,000 | 688,000 |
| Noninterest income | 0 | 1,000 | 8,000 |
| Noninterest expense | 693,000 | 1,062,000 | 1,538,000 |
| Provision for loan losses | 65,000 | 182,000 | 294,000 |
| Pretax income | -568,000 | -841,000 | -1,136,000 |
| Income tax | 0 | 0 | -44,000 |
| Net income | -568,000 | -841,000 | -1,092,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|
| Tier 1 capital | 8,408,000 | 8,159,000 | 8,036,000 |
| Total capital | 8,473,000 | 8,341,000 | 8,330,000 |
| Risk-weighted assets | 8,298,000 | 20,588,000 | 33,275,000 |