Call reports 2009
COVENANT BANK — 2009
What COVENANT BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 62,332,000 | 65,927,000 | 72,248,000 | 71,694,000 |
| Total loans | 44,648,000 | 50,811,000 | 55,196,000 | 56,820,000 |
| Allowance for loan losses | 463,000 | 929,000 | 886,000 | 915,000 |
| Securities available for sale | 200,000 | 402,000 | 403,000 | 402,000 |
| Securities held to maturity | 5,233,000 | 4,550,000 | 4,077,000 | 3,937,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,596,000 | 60,025,000 | 65,940,000 | 66,704,000 |
| Interest-bearing deposits | 51,728,000 | 54,903,000 | 60,145,000 | 61,135,000 |
| Noninterest-bearing deposits | 4,868,000 | 5,122,000 | 5,795,000 | 5,569,000 |
| Equity capital | 5,540,000 | 5,572,000 | 5,984,000 | 4,704,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 772,000 | 1,594,000 | 2,514,000 | 3,424,000 |
| Interest expense | 309,000 | 632,000 | 975,000 | 1,285,000 |
| Net interest income | 463,000 | 962,000 | 1,539,000 | 2,139,000 |
| Noninterest income | 100,000 | 191,000 | 694,000 | 778,000 |
| Noninterest expense | 668,000 | 1,344,000 | 2,014,000 | 3,896,000 |
| Provision for loan losses | 0 | 472,000 | 472,000 | 497,000 |
| Pretax income | -105,000 | -663,000 | -253,000 | -1,475,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -105,000 | -663,000 | -253,000 | -1,475,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,878,000 | 3,912,000 | 4,322,000 | 4,220,000 |
| Total capital | 4,298,000 | 4,372,000 | 4,690,000 | 4,734,000 |
| Risk-weighted assets | 33,801,000 | 36,367,000 | 39,040,000 | 40,698,000 |