Call reports 2023
COVINGTON SAVINGS AND LOAN ASSOCIATION, THE — 2023
What COVINGTON SAVINGS AND LOAN ASSOCIATION, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 88,837,000 | 89,575,000 | 84,510,000 | 88,213,000 |
| Total loans | 48,446,000 | 49,027,000 | 48,951,000 | 48,550,000 |
| Allowance for loan losses | 203,000 | 203,000 | 203,000 | 203,000 |
| Securities available for sale | 3,768,000 | 3,642,000 | 3,530,000 | 3,511,000 |
| Securities held to maturity | 13,734,000 | 13,551,000 | 13,458,000 | 15,394,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,061,000 | 76,415,000 | 71,192,000 | 74,407,000 |
| Interest-bearing deposits | 65,850,000 | 65,908,000 | 61,500,000 | 64,795,000 |
| Noninterest-bearing deposits | 10,211,000 | 10,507,000 | 9,692,000 | 9,612,000 |
| Equity capital | 12,525,000 | 12,774,000 | 12,769,000 | 13,109,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 791,000 | 1,650,000 | 2,487,000 | 3,351,000 |
| Interest expense | 32,000 | 85,000 | 160,000 | 249,000 |
| Net interest income | 759,000 | 1,565,000 | 2,327,000 | 3,102,000 |
| Noninterest income | 41,000 | 84,000 | 130,000 | 175,000 |
| Noninterest expense | 445,000 | 960,000 | 1,713,000 | 2,171,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 355,000 | 689,000 | 744,000 | 1,106,000 |
| Income tax | 74,000 | 144,000 | 187,000 | 262,000 |
| Net income | 281,000 | 545,000 | 557,000 | 844,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,693,000 | 12,957,000 | 12,957,000 | 13,244,000 |