Call reports 2024
COVINGTON SAVINGS AND LOAN ASSOCIATION, THE — 2024
What COVINGTON SAVINGS AND LOAN ASSOCIATION, THE reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 86,919,000 | 82,881,000 | 81,481,000 | 82,355,000 |
| Total loans | 49,015,000 | 50,278,000 | 49,971,000 | 47,737,000 |
| Allowance for loan losses | 203,000 | 205,000 | 228,000 | 228,000 |
| Securities available for sale | 3,447,000 | 3,392,000 | 3,318,000 | 3,292,000 |
| Securities held to maturity | 15,345,000 | 13,970,000 | 13,910,000 | 12,856,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 73,327,000 | 68,958,000 | 67,408,000 | 68,103,000 |
| Interest-bearing deposits | 64,428,000 | 58,506,000 | 57,753,000 | 58,456,000 |
| Noninterest-bearing deposits | 8,899,000 | 10,452,000 | 9,655,000 | 9,647,000 |
| Equity capital | 13,369,000 | 13,669,000 | 13,909,000 | 14,125,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 851,000 | 1,753,000 | 2,588,000 | 3,429,000 |
| Interest expense | 103,000 | 216,000 | 334,000 | 459,000 |
| Net interest income | 748,000 | 1,537,000 | 2,254,000 | 2,970,000 |
| Noninterest income | 42,000 | 85,000 | 130,000 | 173,000 |
| Noninterest expense | 483,000 | 948,000 | 1,421,000 | 1,912,000 |
| Provision for loan losses | 0 | 2,000 | 25,000 | 25,000 |
| Pretax income | 307,000 | 672,000 | 938,000 | 1,206,000 |
| Income tax | 49,000 | 113,000 | 156,000 | 209,000 |
| Net income | 258,000 | 559,000 | 782,000 | 997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,502,000 | 13,802,000 | 14,014,000 | 14,229,000 |