Call reports 2020
COVINGTON SAVINGS AND LOAN ASSOCIATION, THE — 2020
What COVINGTON SAVINGS AND LOAN ASSOCIATION, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 69,400,000 | 72,428,000 | 76,666,000 | 80,245,000 |
| Total loans | 40,511,000 | 41,683,000 | 42,844,000 | 42,560,000 |
| Allowance for loan losses | 205,000 | 205,000 | 205,000 | 205,000 |
| Securities available for sale | 6,878,000 | 6,737,000 | 5,532,000 | 5,342,000 |
| Securities held to maturity | 8,865,000 | 6,352,000 | 6,067,000 | 5,845,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,628,000 | 60,557,000 | 64,744,000 | 68,261,000 |
| Interest-bearing deposits | 50,085,000 | 52,752,000 | 56,917,000 | 58,997,000 |
| Noninterest-bearing deposits | 7,543,000 | 7,805,000 | 7,827,000 | 9,264,000 |
| Equity capital | 11,491,000 | 11,589,000 | 11,639,000 | 11,711,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 556,000 | 1,075,000 | 1,589,000 | 2,093,000 |
| Interest expense | 44,000 | 87,000 | 129,000 | 160,000 |
| Net interest income | 512,000 | 988,000 | 1,460,000 | 1,933,000 |
| Noninterest income | 47,000 | 83,000 | 122,000 | 163,000 |
| Noninterest expense | 413,000 | 825,000 | 1,241,000 | 1,648,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 146,000 | 246,000 | 341,000 | 448,000 |
| Income tax | 30,000 | 50,000 | 69,000 | 91,000 |
| Net income | 116,000 | 196,000 | 272,000 | 357,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,416,000 | 11,496,000 | 11,560,000 | 11,645,000 |