Call reports 2016
FIRST COVENANT BANK — 2016
What FIRST COVENANT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 191,635,000 | 202,677,000 | 189,775,000 | 181,142,000 |
| Total loans | 51,776,000 | 50,841,000 | 44,790,000 | 44,032,000 |
| Allowance for loan losses | 769,000 | 766,000 | 756,000 | 752,000 |
| Securities available for sale | 24,951,000 | 24,648,000 | 23,961,000 | 23,476,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 176,027,000 | 186,873,000 | 174,072,000 | 165,767,000 |
| Interest-bearing deposits | 91,777,000 | 92,307,000 | 91,579,000 | 86,173,000 |
| Noninterest-bearing deposits | 84,250,000 | 94,566,000 | 82,493,000 | 79,594,000 |
| Equity capital | 15,035,000 | 15,312,000 | 15,099,000 | 14,943,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,051,000 | 3,125,000 | 4,154,000 | 5,067,000 |
| Interest expense | 9,000 | 20,000 | 30,000 | 40,000 |
| Net interest income | 2,042,000 | 3,105,000 | 4,124,000 | 5,027,000 |
| Noninterest income | 1,063,000 | 2,040,000 | 2,831,000 | 3,707,000 |
| Noninterest expense | 2,154,000 | 4,144,000 | 6,145,000 | 8,194,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,099,000 | 1,149,000 | 958,000 | 688,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 1,099,000 | 1,149,000 | 958,000 | 688,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,733,000 | 14,941,000 | 14,642,000 | 14,551,000 |
| Total capital | 15,502,000 | 15,707,000 | 15,398,000 | 15,526,000 |
| Risk-weighted assets | 83,937,000 | 84,780,000 | 76,462,000 | 76,802,000 |