Call reports 2005
COVENANT BANK — 2005
What COVENANT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 39,171,000 | 40,884,000 | 38,046,000 | 38,843,000 |
| Total loans | 21,229,000 | 21,303,000 | 18,366,000 | 20,881,000 |
| Allowance for loan losses | 752,000 | 742,000 | 713,000 | 507,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 6,351,000 | 9,309,000 | 9,293,000 | 8,870,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,470,000 | 34,921,000 | 34,427,000 | 35,231,000 |
| Interest-bearing deposits | 27,927,000 | 27,498,000 | 26,404,000 | 26,258,000 |
| Noninterest-bearing deposits | 7,543,000 | 7,423,000 | 8,023,000 | 8,973,000 |
| Equity capital | 3,588,000 | 3,555,000 | 3,506,000 | 3,485,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 619,000 | 1,079,000 | 1,552,000 | 2,041,000 |
| Interest expense | 73,000 | 150,000 | 255,000 | 349,000 |
| Net interest income | 546,000 | 929,000 | 1,297,000 | 1,692,000 |
| Noninterest income | 91,000 | 197,000 | 303,000 | 946,000 |
| Noninterest expense | 610,000 | 1,143,000 | 1,681,000 | 2,940,000 |
| Provision for loan losses | -7,000 | -18,000 | -33,000 | -233,000 |
| Pretax income | 34,000 | 1,000 | -48,000 | -69,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 34,000 | 1,000 | -48,000 | -69,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,588,000 | 3,555,000 | 3,506,000 | 3,485,000 |
| Total capital | 3,913,000 | 3,881,000 | 3,862,000 | 3,767,000 |
| Risk-weighted assets | 25,600,000 | 25,680,000 | 28,143,000 | 22,356,000 |