Call reports 2010
COVENANT BANK — 2010
What COVENANT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 74,543,000 | 75,189,000 | 75,110,000 | 68,341,000 |
| Total loans | 59,478,000 | 58,994,000 | 56,701,000 | 54,409,000 |
| Allowance for loan losses | 912,000 | 762,000 | 1,246,000 | 1,595,000 |
| Securities available for sale | 2,932,000 | 6,226,000 | 5,771,000 | 5,225,000 |
| Securities held to maturity | 3,828,000 | 400,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,531,000 | 69,082,000 | 67,164,000 | 62,919,000 |
| Interest-bearing deposits | 63,585,000 | 63,651,000 | 60,849,000 | 55,997,000 |
| Noninterest-bearing deposits | 5,946,000 | 5,431,000 | 6,315,000 | 6,922,000 |
| Equity capital | 4,711,000 | 4,803,000 | 4,578,000 | 3,858,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 983,000 | 1,974,000 | 2,936,000 | 3,763,000 |
| Interest expense | 277,000 | 531,000 | 763,000 | 973,000 |
| Net interest income | 706,000 | 1,443,000 | 2,173,000 | 2,790,000 |
| Noninterest income | 70,000 | 145,000 | 867,000 | 943,000 |
| Noninterest expense | 823,000 | 1,605,000 | 2,833,000 | 3,784,000 |
| Provision for loan losses | 0 | 0 | 486,000 | 925,000 |
| Pretax income | -47,000 | 40,000 | -222,000 | -919,000 |
| Income tax | -18,000 | 0 | 0 | 0 |
| Net income | -29,000 | 40,000 | -222,000 | -919,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,388,000 | 4,473,000 | 4,227,000 | 3,546,000 |
| Total capital | 4,906,000 | 4,995,000 | 4,750,000 | 4,042,000 |
| Risk-weighted assets | 41,002,000 | 41,092,000 | 41,806,000 | 38,512,000 |