Call reports 2013
FIRST COVENANT BANK — 2013
What FIRST COVENANT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 176,929,000 | 171,617,000 | 160,958,000 | 151,222,000 |
| Total loans | 86,060,000 | 86,473,000 | 78,106,000 | 74,365,000 |
| Allowance for loan losses | 1,475,000 | 1,339,000 | 1,203,000 | 786,000 |
| Securities available for sale | 24,917,000 | 26,246,000 | 32,570,000 | 33,293,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,342,000 | 159,794,000 | 149,051,000 | 138,487,000 |
| Interest-bearing deposits | 107,563,000 | 101,451,000 | 87,373,000 | 84,425,000 |
| Noninterest-bearing deposits | 58,779,000 | 58,343,000 | 61,678,000 | 54,062,000 |
| Equity capital | 10,050,000 | 11,192,000 | 11,362,000 | 12,247,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,635,000 | 3,411,000 | 4,962,000 | 6,489,000 |
| Interest expense | 31,000 | 57,000 | 80,000 | 100,000 |
| Net interest income | 1,604,000 | 3,354,000 | 4,882,000 | 6,389,000 |
| Noninterest income | 770,000 | 2,287,000 | 2,843,000 | 3,284,000 |
| Noninterest expense | 1,929,000 | 3,993,000 | 6,022,000 | 8,093,000 |
| Provision for loan losses | 0 | -75,000 | -75,000 | -375,000 |
| Pretax income | 453,000 | 1,772,000 | 2,470,000 | 2,640,000 |
| Income tax | 0 | 0 | 0 | -375,000 |
| Net income | 453,000 | 1,772,000 | 2,470,000 | 3,015,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,646,000 | 10,966,000 | 11,664,000 | 12,210,000 |
| Total capital | 11,016,000 | 12,546,000 | 12,930,000 | 13,305,000 |
| Risk-weighted assets | 109,106,000 | 107,479,000 | 104,358,000 | 104,838,000 |