Call reports 2017
FIRST COVENANT BANK — 2017
What FIRST COVENANT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 203,077,000 | 195,184,000 | 181,144,000 | 176,330,000 |
| Total loans | 39,397,000 | 38,092,000 | 35,343,000 | 34,963,000 |
| Allowance for loan losses | 735,000 | 730,000 | 804,000 | 396,000 |
| Securities available for sale | 22,725,000 | 19,841,000 | 19,446,000 | 20,737,000 |
| Securities held to maturity | 500,000 | 500,000 | 500,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,857,000 | 179,143,000 | 164,792,000 | 158,166,000 |
| Interest-bearing deposits | 89,121,000 | 87,084,000 | 80,278,000 | 79,123,000 |
| Noninterest-bearing deposits | 97,736,000 | 92,059,000 | 84,514,000 | 79,043,000 |
| Equity capital | 15,674,000 | 15,529,000 | 15,846,000 | 17,812,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,702,000 | 2,692,000 | 3,790,000 | 4,827,000 |
| Interest expense | 10,000 | 18,000 | 28,000 | 37,000 |
| Net interest income | 1,692,000 | 2,674,000 | 3,762,000 | 4,790,000 |
| Noninterest income | 980,000 | 1,674,000 | 2,590,000 | 3,541,000 |
| Noninterest expense | 1,832,000 | 3,709,000 | 5,516,000 | 7,358,000 |
| Provision for loan losses | 0 | 0 | 0 | -400,000 |
| Pretax income | 840,000 | 639,000 | 836,000 | 2,124,000 |
| Income tax | 0 | 0 | 4,000 | -661,000 |
| Net income | 840,000 | 639,000 | 832,000 | 2,785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,390,000 | 15,190,000 | 15,383,000 | 16,762,000 |
| Total capital | 16,237,000 | 15,965,000 | 16,337,000 | 17,456,000 |
| Risk-weighted assets | 75,140,000 | 72,806,000 | 70,938,000 | 68,913,000 |