Call reports 2010
COVENANT BANK & TRUST — 2010
What COVENANT BANK & TRUST reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 113,086,000 | 108,659,000 | 108,169,000 | 106,022,000 |
| Total loans | 87,047,000 | 82,177,000 | 82,027,000 | 82,261,000 |
| Allowance for loan losses | 1,516,000 | 1,134,000 | 1,184,000 | 2,584,000 |
| Securities available for sale | 10,259,000 | 11,189,000 | 12,830,000 | 12,589,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,009,000 | 97,292,000 | 96,981,000 | 96,676,000 |
| Interest-bearing deposits | 98,666,000 | 95,587,000 | 95,377,000 | 94,964,000 |
| Noninterest-bearing deposits | 1,343,000 | 1,705,000 | 1,604,000 | 1,712,000 |
| Equity capital | 7,821,000 | 6,071,000 | 5,863,000 | 4,138,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,385,000 | 2,849,000 | 4,229,000 | 5,580,000 |
| Interest expense | 630,000 | 1,237,000 | 1,805,000 | 2,328,000 |
| Net interest income | 755,000 | 1,612,000 | 2,424,000 | 3,252,000 |
| Noninterest income | 29,000 | 26,000 | 10,000 | -15,000 |
| Noninterest expense | 703,000 | 1,464,000 | 2,153,000 | 3,177,000 |
| Provision for loan losses | 175,000 | 2,152,000 | 2,537,000 | 3,936,000 |
| Pretax income | -94,000 | -1,953,000 | -2,231,000 | -3,783,000 |
| Income tax | -5,000 | -10,000 | -14,000 | -19,000 |
| Net income | -89,000 | -1,943,000 | -2,217,000 | -3,764,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,548,000 | 5,703,000 | 5,439,000 | 3,901,000 |
| Total capital | 8,691,000 | 6,790,000 | 6,540,000 | 5,007,000 |
| Risk-weighted assets | 91,058,000 | 86,895,000 | 87,967,000 | 87,013,000 |
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