Call reports 2011
COVENANT BANK — 2011
What COVENANT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 68,954,000 | 65,264,000 | 63,661,000 | 63,510,000 |
| Total loans | 51,348,000 | 49,700,000 | 45,776,000 | 44,835,000 |
| Allowance for loan losses | 1,129,000 | 1,000,000 | 428,000 | 1,115,000 |
| Securities available for sale | 4,712,000 | 6,028,000 | 5,791,000 | 5,276,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 146,000 | 147,000 | 0 | 0 |
| Total deposits | 64,280,000 | 60,516,000 | 59,389,000 | 56,493,000 |
| Interest-bearing deposits | 56,820,000 | 53,849,000 | 52,602,000 | 50,338,000 |
| Noninterest-bearing deposits | 7,460,000 | 6,667,000 | 6,787,000 | 6,155,000 |
| Equity capital | 4,478,000 | 4,529,000 | 3,946,000 | 2,993,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 919,000 | 1,736,000 | 2,492,000 | 3,174,000 |
| Interest expense | 196,000 | 389,000 | 574,000 | 748,000 |
| Net interest income | 723,000 | 1,347,000 | 1,918,000 | 2,426,000 |
| Noninterest income | 95,000 | 175,000 | 176,000 | 834,000 |
| Noninterest expense | 853,000 | 1,782,000 | 2,841,000 | 4,068,000 |
| Provision for loan losses | 191,000 | 382,000 | 510,000 | 829,000 |
| Pretax income | -226,000 | -642,000 | -1,198,000 | -1,577,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -226,000 | -642,000 | -1,198,000 | -1,577,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,183,000 | 4,235,000 | 3,695,000 | 2,785,000 |
| Total capital | 4,744,000 | 4,769,000 | 4,123,000 | 3,287,000 |
| Risk-weighted assets | 44,317,000 | 42,369,000 | 46,901,000 | 39,511,000 |