Call reports 2014
FIRST COVENANT BANK — 2014
What FIRST COVENANT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 172,719,000 | 159,847,000 | 160,145,000 | 158,059,000 |
| Total loans | 69,927,000 | 69,138,000 | 76,802,000 | 76,138,000 |
| Allowance for loan losses | 791,000 | 846,000 | 874,000 | 862,000 |
| Securities available for sale | 33,105,000 | 34,343,000 | 40,596,000 | 40,530,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 159,043,000 | 145,500,000 | 146,834,000 | 144,544,000 |
| Interest-bearing deposits | 90,611,000 | 83,821,000 | 83,799,000 | 81,979,000 |
| Noninterest-bearing deposits | 68,432,000 | 61,679,000 | 63,035,000 | 62,565,000 |
| Equity capital | 13,105,000 | 13,724,000 | 12,770,000 | 13,046,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,528,000 | 3,002,000 | 4,676,000 | 6,284,000 |
| Interest expense | 15,000 | 27,000 | 38,000 | 49,000 |
| Net interest income | 1,513,000 | 2,975,000 | 4,638,000 | 6,235,000 |
| Noninterest income | 465,000 | 864,000 | 1,193,000 | 1,660,000 |
| Noninterest expense | 1,829,000 | 3,739,000 | 5,630,000 | 7,595,000 |
| Provision for loan losses | 0 | -325,000 | -325,000 | -325,000 |
| Pretax income | 145,000 | 418,000 | 512,000 | 608,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 145,000 | 418,000 | 512,000 | 608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,355,000 | 12,630,000 | 12,646,000 | 12,687,000 |
| Total capital | 13,607,000 | 13,928,000 | 13,520,000 | 13,549,000 |
| Risk-weighted assets | 102,249,000 | 103,219,000 | 113,476,000 | 112,938,000 |