Call reports 2003
COVEST BANC, NATIONAL ASSOCIATION — 2003
What COVEST BANC, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 600,141,000 | 620,613,000 | 606,632,000 | 586,291,000 |
| Total loans | 531,319,000 | 549,797,000 | 548,128,000 | 535,985,000 |
| Allowance for loan losses | 6,945,000 | 6,958,000 | 6,959,000 | 7,220,000 |
| Securities available for sale | 30,524,000 | 27,845,000 | 29,853,000 | 22,337,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 486,176,000 | 498,145,000 | 474,802,000 | 471,090,000 |
| Interest-bearing deposits | 443,085,000 | 452,895,000 | 433,899,000 | 430,680,000 |
| Noninterest-bearing deposits | 43,091,000 | 45,250,000 | 40,903,000 | 40,410,000 |
| Equity capital | 45,940,000 | 46,786,000 | 48,366,000 | 46,034,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 8,339,000 | 16,644,000 | 24,609,000 | 32,310,000 |
| Interest expense | 3,196,000 | 6,140,000 | 8,905,000 | 11,373,000 |
| Net interest income | 5,143,000 | 10,504,000 | 15,704,000 | 20,937,000 |
| Noninterest income | 964,000 | 2,194,000 | 3,430,000 | 4,331,000 |
| Noninterest expense | 3,479,000 | 6,880,000 | 10,319,000 | 16,773,000 |
| Provision for loan losses | 215,000 | 515,000 | 676,000 | 4,866,000 |
| Pretax income | 2,413,000 | 5,299,000 | 8,135,000 | 3,625,000 |
| Income tax | 917,000 | 2,012,000 | 3,049,000 | 1,290,000 |
| Net income | 1,496,000 | 3,287,000 | 5,086,000 | 2,335,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,558,000 | 45,379,000 | 47,233,000 | 45,006,000 |
| Total capital | 49,804,000 | 50,747,000 | 52,506,000 | 50,317,000 |
| Risk-weighted assets | 415,813,000 | 424,290,000 | 416,468,000 | 419,051,000 |