Call reports 2012
COVENANT BANK — 2012
What COVENANT BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 61,107,000 | 60,371,000 | 59,842,000 | 58,422,000 |
| Total loans | 42,854,000 | 42,640,000 | 41,815,000 | 40,609,000 |
| Allowance for loan losses | 1,001,000 | 1,405,000 | 1,638,000 | 1,611,000 |
| Securities available for sale | 3,876,000 | 8,334,000 | 7,358,000 | 6,957,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 164,000 | 157,000 | 174,000 | 163,000 |
| Total deposits | 58,254,000 | 58,629,000 | 58,954,000 | 54,202,000 |
| Interest-bearing deposits | 51,540,000 | 51,288,000 | 52,077,000 | 44,308,000 |
| Noninterest-bearing deposits | 6,714,000 | 7,341,000 | 6,877,000 | 9,894,000 |
| Equity capital | 2,653,000 | 1,559,000 | 715,000 | 917,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 684,000 | 1,316,000 | 1,993,000 | 2,609,000 |
| Interest expense | 151,000 | 287,000 | 418,000 | 540,000 |
| Net interest income | 533,000 | 1,029,000 | 1,575,000 | 2,069,000 |
| Noninterest income | 102,000 | 174,000 | 117,000 | 341,000 |
| Noninterest expense | 820,000 | 2,028,000 | 2,893,000 | 3,645,000 |
| Provision for loan losses | 157,000 | 561,000 | 1,031,000 | 272,000 |
| Pretax income | -342,000 | -1,386,000 | -2,232,000 | -1,498,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -342,000 | -1,386,000 | -2,232,000 | -1,498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,460,000 | 1,433,000 | 573,000 | 834,000 |
| Total capital | 2,954,000 | 1,945,000 | 1,064,000 | 1,323,000 |
| Risk-weighted assets | 39,013,000 | 40,062,000 | 38,108,000 | 38,008,000 |