Call reports 2002
COVENANT BANK — 2002
What COVENANT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 57,658,000 | 61,753,000 | 58,161,000 | 57,296,000 |
| Total loans | 34,409,000 | 37,133,000 | 35,788,000 | 34,578,000 |
| Allowance for loan losses | 495,000 | 526,000 | 587,000 | 509,000 |
| Securities available for sale | 13,051,000 | 13,032,000 | 13,052,000 | 10,507,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,609,000 | 56,555,000 | 53,867,000 | 53,760,000 |
| Interest-bearing deposits | 40,420,000 | 44,357,000 | 40,610,000 | 41,106,000 |
| Noninterest-bearing deposits | 12,189,000 | 12,198,000 | 13,257,000 | 12,653,000 |
| Equity capital | 4,067,000 | 4,173,000 | 3,761,000 | 3,056,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 801,000 | 1,664,000 | 2,539,000 | 3,339,000 |
| Interest expense | 223,000 | 428,000 | 631,000 | 809,000 |
| Net interest income | 578,000 | 1,236,000 | 1,908,000 | 2,530,000 |
| Noninterest income | 269,000 | 468,000 | 578,000 | 911,000 |
| Noninterest expense | 783,000 | 1,513,000 | 2,657,000 | 3,620,000 |
| Provision for loan losses | 50,000 | 104,000 | 314,000 | 946,000 |
| Pretax income | 21,000 | 112,000 | -485,000 | -1,267,000 |
| Income tax | 8,000 | 37,000 | -125,000 | -221,000 |
| Net income | 13,000 | 75,000 | -360,000 | -1,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,029,000 | 4,127,000 | 3,507,000 | 2,694,000 |
| Total capital | 4,464,000 | 4,653,000 | 3,957,000 | 3,159,000 |
| Risk-weighted assets | 34,922,000 | 42,982,000 | 35,942,000 | 37,181,000 |