Call reports 2009
FIRST COVENANT BANK — 2009
What FIRST 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 | 188,924,000 | 181,953,000 | 177,927,000 | 165,904,000 |
| Total loans | 131,966,000 | 139,655,000 | 136,923,000 | 131,355,000 |
| Allowance for loan losses | 3,194,000 | 3,116,000 | 2,749,000 | 4,706,000 |
| Securities available for sale | 34,573,000 | 22,387,000 | 22,150,000 | 21,101,000 |
| Securities held to maturity | 50,000 | 50,000 | 50,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,217,000 | 168,935,000 | 164,877,000 | 155,041,000 |
| Interest-bearing deposits | 139,211,000 | 129,956,000 | 127,688,000 | 124,640,000 |
| Noninterest-bearing deposits | 38,006,000 | 38,979,000 | 37,189,000 | 30,401,000 |
| Equity capital | 9,616,000 | 10,929,000 | 11,405,000 | 8,690,000 |
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 | 2,224,000 | 4,269,000 | 6,171,000 | 8,291,000 |
| Interest expense | 957,000 | 1,788,000 | 2,509,000 | 3,172,000 |
| Net interest income | 1,267,000 | 2,481,000 | 3,662,000 | 5,119,000 |
| Noninterest income | 233,000 | 509,000 | 773,000 | 1,222,000 |
| Noninterest expense | 1,863,000 | 3,758,000 | 5,639,000 | 7,815,000 |
| Provision for loan losses | 55,000 | 80,000 | 154,000 | 2,227,000 |
| Pretax income | -418,000 | -688,000 | -1,169,000 | -4,100,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -418,000 | -688,000 | -1,169,000 | -4,100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,092,000 | 13,253,000 | 13,158,000 | 10,196,000 |
| Total capital | 15,062,000 | 15,262,000 | 15,123,000 | 12,068,000 |
| Risk-weighted assets | 156,350,000 | 159,629,000 | 156,456,000 | 147,341,000 |