Call reports 2011
FIRST COVENANT BANK — 2011
What FIRST 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 | 161,608,000 | 156,304,000 | 154,922,000 | 151,492,000 |
| Total loans | 101,916,000 | 100,212,000 | 98,434,000 | 102,888,000 |
| Allowance for loan losses | 1,994,000 | 1,821,000 | 1,704,000 | 1,573,000 |
| Securities available for sale | 11,678,000 | 14,512,000 | 17,370,000 | 15,494,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,411,000 | 146,269,000 | 145,453,000 | 142,427,000 |
| Interest-bearing deposits | 110,012,000 | 108,690,000 | 110,568,000 | 106,934,000 |
| Noninterest-bearing deposits | 40,399,000 | 37,579,000 | 34,885,000 | 35,493,000 |
| Equity capital | 9,340,000 | 9,104,000 | 8,663,000 | 8,392,000 |
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 | 1,766,000 | 3,273,000 | 4,731,000 | 6,419,000 |
| Interest expense | 312,000 | 547,000 | 759,000 | 940,000 |
| Net interest income | 1,454,000 | 2,726,000 | 3,972,000 | 5,479,000 |
| Noninterest income | 373,000 | 783,000 | 994,000 | 1,508,000 |
| Noninterest expense | 2,025,000 | 4,054,000 | 6,092,000 | 8,231,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -198,000 | -735,000 | -1,301,000 | -1,622,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -198,000 | -735,000 | -1,301,000 | -1,622,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,354,000 | 8,898,000 | 8,412,000 | 8,107,000 |
| Total capital | 10,906,000 | 10,417,000 | 9,909,000 | 9,593,000 |
| Risk-weighted assets | 123,431,000 | 115,609,000 | 117,616,000 | 118,753,000 |