Call reports 2006
FIRST COVENANT BANK — 2006
What FIRST COVENANT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q3 | 2006Q4 |
|---|---|---|
| Total assets | 21,443,000 | 58,176,000 |
| Total loans | 8,868,000 | 32,818,000 |
| Allowance for loan losses | 89,000 | 329,000 |
| Securities available for sale | 0 | 0 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 5,874,000 | 42,654,000 |
| Interest-bearing deposits | 5,722,000 | 38,831,000 |
| Noninterest-bearing deposits | 152,000 | 3,823,000 |
| Equity capital | 15,497,000 | 15,344,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q3 | 2006Q4 |
|---|---|---|
| Interest income | 67,000 | 795,000 |
| Interest expense | 31,000 | 364,000 |
| Net interest income | 36,000 | 431,000 |
| Noninterest income | 0 | 1,000 |
| Noninterest expense | 640,000 | 1,348,000 |
| Provision for loan losses | 89,000 | 329,000 |
| Pretax income | -693,000 | -1,245,000 |
| Income tax | 0 | 0 |
| Net income | -693,000 | -1,245,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q3 | 2006Q4 |
|---|---|---|
| Tier 1 capital | 15,497,000 | 15,344,000 |
| Total capital | 15,586,000 | 15,673,000 |
| Risk-weighted assets | 17,882,000 | 49,200,000 |