Call reports 2004
COVENANT BANK — 2004
What COVENANT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 41,635,000 | 40,110,000 | 40,565,000 | 39,741,000 |
| Total loans | 26,116,000 | 24,866,000 | 22,531,000 | 24,509,000 |
| Allowance for loan losses | 1,263,000 | 1,228,000 | 1,175,000 | 761,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,381,000 | 3,357,000 | 4,351,000 | 4,351,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,599,000 | 36,300,000 | 36,743,000 | 36,089,000 |
| Interest-bearing deposits | 28,963,000 | 28,602,000 | 29,014,000 | 27,442,000 |
| Noninterest-bearing deposits | 8,636,000 | 7,698,000 | 7,729,000 | 8,647,000 |
| Equity capital | 3,843,000 | 3,662,000 | 3,681,000 | 3,554,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 522,000 | 966,000 | 1,372,000 | 1,723,000 |
| Interest expense | 80,000 | 153,000 | 217,000 | 287,000 |
| Net interest income | 442,000 | 813,000 | 1,155,000 | 1,436,000 |
| Noninterest income | 158,000 | 319,000 | 766,000 | 864,000 |
| Noninterest expense | 651,000 | 1,321,000 | 1,957,000 | 2,782,000 |
| Provision for loan losses | 0 | 0 | 0 | 193,000 |
| Pretax income | -51,000 | -189,000 | -36,000 | -675,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -51,000 | -189,000 | -36,000 | -675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,843,000 | 3,662,000 | 3,681,000 | 3,554,000 |
| Total capital | 4,234,000 | 4,048,000 | 4,044,000 | 3,916,000 |
| Risk-weighted assets | 30,444,000 | 30,029,000 | 28,245,000 | 28,572,000 |