Call reports 2007
COVENANT BANK & TRUST — 2007
What COVENANT BANK & TRUST reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 53,464,000 | 64,445,000 | 75,582,000 | 87,419,000 |
| Total loans | 43,511,000 | 50,834,000 | 63,334,000 | 72,036,000 |
| Allowance for loan losses | 436,000 | 535,000 | 710,000 | 740,000 |
| Securities available for sale | 6,291,000 | 7,130,000 | 7,170,000 | 9,198,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,270,000 | 56,298,000 | 62,760,000 | 79,229,000 |
| Interest-bearing deposits | 43,747,000 | 53,556,000 | 61,486,000 | 77,784,000 |
| Noninterest-bearing deposits | 1,523,000 | 2,742,000 | 1,274,000 | 1,445,000 |
| Equity capital | 7,872,000 | 7,703,000 | 7,573,000 | 7,656,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 872,000 | 2,037,000 | 3,356,000 | 4,879,000 |
| Interest expense | 482,000 | 1,164,000 | 1,951,000 | 2,895,000 |
| Net interest income | 390,000 | 873,000 | 1,405,000 | 1,984,000 |
| Noninterest income | 4,000 | 15,000 | 37,000 | 57,000 |
| Noninterest expense | 506,000 | 1,086,000 | 1,753,000 | 2,369,000 |
| Provision for loan losses | 142,000 | 241,000 | 416,000 | 446,000 |
| Pretax income | -254,000 | -439,000 | -727,000 | -775,000 |
| Income tax | -20,000 | -42,000 | -65,000 | -88,000 |
| Net income | -234,000 | -397,000 | -662,000 | -687,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,866,000 | 7,680,000 | 7,459,000 | 7,478,000 |
| Total capital | 8,302,000 | 8,215,000 | 8,169,000 | 8,218,000 |
| Risk-weighted assets | 48,008,000 | 56,149,000 | 69,686,000 | 79,327,000 |