Call reports 2006
COVENANT BANK — 2006
What COVENANT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 38,098,000 | 39,101,000 | 36,268,000 | 38,253,000 |
| Total loans | 19,754,000 | 19,258,000 | 18,523,000 | 21,633,000 |
| Allowance for loan losses | 519,000 | 521,000 | 520,000 | 457,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,840,000 | 8,804,000 | 8,762,000 | 8,463,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,688,000 | 34,394,000 | 31,780,000 | 33,993,000 |
| Interest-bearing deposits | 25,745,000 | 26,065,000 | 24,539,000 | 25,617,000 |
| Noninterest-bearing deposits | 6,943,000 | 8,329,000 | 7,241,000 | 8,376,000 |
| Equity capital | 3,285,000 | 3,583,000 | 3,358,000 | 3,139,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 482,000 | 972,000 | 1,440,000 | 1,900,000 |
| Interest expense | 112,000 | 242,000 | 355,000 | 510,000 |
| Net interest income | 370,000 | 730,000 | 1,085,000 | 1,390,000 |
| Noninterest income | 92,000 | 691,000 | 770,000 | 856,000 |
| Noninterest expense | 662,000 | 1,323,000 | 1,982,000 | 2,610,000 |
| Provision for loan losses | 0 | 0 | 0 | -18,000 |
| Pretax income | -200,000 | 98,000 | -127,000 | -346,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -200,000 | 98,000 | -127,000 | -346,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,285,000 | 3,583,000 | 3,358,000 | 3,139,000 |
| Total capital | 3,587,000 | 3,882,000 | 3,638,000 | 3,452,000 |
| Risk-weighted assets | 23,943,000 | 23,703,000 | 22,176,000 | 24,931,000 |