Call reports 2015
FIRST COVENANT BANK — 2015
What FIRST COVENANT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 177,870,000 | 171,170,000 | 174,816,000 | 182,441,000 |
| Total loans | 78,358,000 | 79,471,000 | 74,009,000 | 66,245,000 |
| Allowance for loan losses | 848,000 | 873,000 | 821,000 | 776,000 |
| Securities available for sale | 28,321,000 | 28,090,000 | 27,024,000 | 26,074,000 |
| Securities held to maturity | 0 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,474,000 | 156,859,000 | 160,004,000 | 168,046,000 |
| Interest-bearing deposits | 85,287,000 | 85,354,000 | 84,574,000 | 87,835,000 |
| Noninterest-bearing deposits | 78,187,000 | 71,505,000 | 75,430,000 | 80,211,000 |
| Equity capital | 13,843,000 | 13,825,000 | 14,227,000 | 13,947,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,551,000 | 3,099,000 | 4,605,000 | 5,949,000 |
| Interest expense | 11,000 | 21,000 | 33,000 | 43,000 |
| Net interest income | 1,540,000 | 3,078,000 | 4,572,000 | 5,906,000 |
| Noninterest income | 587,000 | 1,198,000 | 1,764,000 | 2,522,000 |
| Noninterest expense | 1,891,000 | 3,781,000 | 5,634,000 | 7,788,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 650,000 | 905,000 | 1,107,000 | 1,040,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 650,000 | 905,000 | 1,107,000 | 1,040,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,366,000 | 13,577,000 | 13,907,000 | 13,679,000 |
| Total capital | 14,214,000 | 14,450,000 | 14,728,000 | 14,455,000 |
| Risk-weighted assets | 111,777,000 | 113,078,000 | 107,534,000 | 98,921,000 |