Call reports 2001
COVENANT BANK — 2001
What COVENANT BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 54,431,000 | 55,826,000 | 59,716,000 | 55,925,000 |
| Total loans | 28,262,000 | 31,252,000 | 31,854,000 | 33,201,000 |
| Allowance for loan losses | 433,000 | 430,000 | 417,000 | 504,000 |
| Securities available for sale | 14,546,000 | 13,360,000 | 13,522,000 | 11,415,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,400,000 | 50,736,000 | 54,521,000 | 51,212,000 |
| Interest-bearing deposits | 36,643,000 | 38,262,000 | 40,903,000 | 36,268,000 |
| Noninterest-bearing deposits | 12,757,000 | 12,474,000 | 13,618,000 | 14,944,000 |
| Equity capital | 4,629,000 | 4,445,000 | 4,642,000 | 4,094,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 941,000 | 1,849,000 | 2,725,000 | 3,534,000 |
| Interest expense | 300,000 | 602,000 | 917,000 | 1,190,000 |
| Net interest income | 641,000 | 1,247,000 | 1,808,000 | 2,344,000 |
| Noninterest income | 163,000 | 350,000 | 1,178,000 | 1,407,000 |
| Noninterest expense | 728,000 | 1,453,000 | 2,518,000 | 3,861,000 |
| Provision for loan losses | 30,000 | 60,000 | 175,000 | 270,000 |
| Pretax income | 54,000 | 117,000 | 334,000 | -330,000 |
| Income tax | 0 | 0 | 116,000 | -115,000 |
| Net income | 54,000 | 117,000 | 218,000 | -215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,629,000 | 4,544,000 | 4,571,000 | 4,079,000 |
| Total capital | 5,039,000 | 4,974,000 | 4,988,000 | 4,529,000 |
| Risk-weighted assets | 33,095,000 | 36,079,000 | 35,192,000 | 35,941,000 |