Call reports 2011
COVENANT BANK & TRUST — 2011
What COVENANT BANK & TRUST reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 105,857,000 | 103,918,000 | 101,462,000 | 95,725,000 |
| Total loans | 79,720,000 | 81,407,000 | 75,922,000 | 68,492,000 |
| Allowance for loan losses | 2,529,000 | 2,809,000 | 3,773,000 | 853,000 |
| Securities available for sale | 11,924,000 | 11,697,000 | 12,566,000 | 9,358,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,083,000 | 94,485,000 | 95,203,000 | 90,632,000 |
| Interest-bearing deposits | 94,372,000 | 92,873,000 | 93,704,000 | 88,722,000 |
| Noninterest-bearing deposits | 1,711,000 | 1,612,000 | 1,499,000 | 1,910,000 |
| Equity capital | 4,539,000 | 4,176,000 | 3,000,000 | 1,882,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,389,000 | 2,567,000 | 3,770,000 | 5,017,000 |
| Interest expense | 479,000 | 943,000 | 1,376,000 | 1,773,000 |
| Net interest income | 910,000 | 1,624,000 | 2,394,000 | 3,244,000 |
| Noninterest income | 200,000 | 298,000 | 167,000 | -126,000 |
| Noninterest expense | 739,000 | 1,459,000 | 2,271,000 | 3,397,000 |
| Provision for loan losses | 11,000 | 594,000 | 1,644,000 | 2,244,000 |
| Pretax income | 360,000 | -131,000 | -1,310,000 | -2,444,000 |
| Income tax | -2,000 | -5,000 | -7,000 | -10,000 |
| Net income | 362,000 | -126,000 | -1,303,000 | -2,434,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,267,000 | 3,784,000 | 2,612,000 | 1,485,000 |
| Total capital | 5,345,000 | 4,887,000 | 3,672,000 | 2,338,000 |
| Risk-weighted assets | 84,809,000 | 86,504,000 | 82,058,000 | 77,728,000 |