Call reports 2007
COVENANT BANK — 2007
What COVENANT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 36,352,000 | 35,115,000 | 34,955,000 | 34,239,000 |
| Total loans | 20,604,000 | 19,475,000 | 18,930,000 | 15,487,000 |
| Allowance for loan losses | 457,000 | 459,000 | 466,000 | 485,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,410,000 | 8,351,000 | 9,301,000 | 8,259,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,416,000 | 31,415,000 | 30,066,000 | 29,684,000 |
| Interest-bearing deposits | 26,089,000 | 25,185,000 | 24,422,000 | 24,071,000 |
| Noninterest-bearing deposits | 6,327,000 | 6,230,000 | 5,644,000 | 5,613,000 |
| Equity capital | 2,832,000 | 2,603,000 | 2,796,000 | 2,417,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 495,000 | 978,000 | 1,454,000 | 1,904,000 |
| Interest expense | 152,000 | 310,000 | 473,000 | 644,000 |
| Net interest income | 343,000 | 668,000 | 981,000 | 1,260,000 |
| Noninterest income | 79,000 | 159,000 | 762,000 | 852,000 |
| Noninterest expense | 729,000 | 1,363,000 | 2,086,000 | 2,834,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -307,000 | -536,000 | -343,000 | -722,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -307,000 | -536,000 | -343,000 | -722,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,832,000 | 2,603,000 | 2,796,000 | 2,417,000 |
| Total capital | 3,131,000 | 2,887,000 | 3,081,000 | 2,689,000 |
| Risk-weighted assets | 23,765,000 | 22,536,000 | 22,647,000 | 21,538,000 |