Call reports 2009
COVENANT BANK & TRUST — 2009
What COVENANT BANK & TRUST reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 113,071,000 | 113,274,000 | 109,639,000 | 112,847,000 |
| Total loans | 89,576,000 | 88,477,000 | 87,228,000 | 86,690,000 |
| Allowance for loan losses | 1,118,000 | 1,106,000 | 1,519,000 | 1,349,000 |
| Securities available for sale | 11,310,000 | 11,928,000 | 11,615,000 | 10,897,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,795,000 | 95,198,000 | 93,624,000 | 96,787,000 |
| Interest-bearing deposits | 96,616,000 | 91,569,000 | 91,212,000 | 94,327,000 |
| Noninterest-bearing deposits | 1,179,000 | 3,629,000 | 2,412,000 | 2,460,000 |
| Equity capital | 9,776,000 | 9,666,000 | 7,630,000 | 7,822,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,548,000 | 3,040,000 | 4,527,000 | 5,941,000 |
| Interest expense | 905,000 | 1,775,000 | 2,556,000 | 3,278,000 |
| Net interest income | 643,000 | 1,265,000 | 1,971,000 | 2,663,000 |
| Noninterest income | 26,000 | 46,000 | -141,000 | -104,000 |
| Noninterest expense | 668,000 | 1,409,000 | 2,152,000 | 2,872,000 |
| Provision for loan losses | 4,000 | 393,000 | 2,288,000 | 2,438,000 |
| Pretax income | -3,000 | -305,000 | -2,424,000 | -2,419,000 |
| Income tax | -14,000 | -379,000 | -52,000 | -57,000 |
| Net income | 11,000 | 74,000 | -2,372,000 | -2,362,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,343,000 | 9,169,000 | 7,270,000 | 7,622,000 |
| Total capital | 10,461,000 | 10,275,000 | 8,398,000 | 8,747,000 |
| Risk-weighted assets | 94,887,000 | 92,887,000 | 89,809,000 | 89,745,000 |
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