Call reports 2018
FIRST COVENANT BANK — 2018
What FIRST COVENANT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 160,752,000 | 141,148,000 | 128,198,000 | 133,425,000 |
| Total loans | 37,645,000 | 47,206,000 | 41,723,000 | 41,380,000 |
| Allowance for loan losses | 420,000 | 417,000 | 412,000 | 405,000 |
| Securities available for sale | 19,402,000 | 21,786,000 | 22,452,000 | 22,222,000 |
| Securities held to maturity | 500,000 | 800,000 | 800,000 | 800,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,586,000 | 122,583,000 | 109,508,000 | 113,864,000 |
| Interest-bearing deposits | 66,902,000 | 57,163,000 | 51,251,000 | 52,684,000 |
| Noninterest-bearing deposits | 75,684,000 | 65,420,000 | 58,257,000 | 61,180,000 |
| Equity capital | 17,677,000 | 18,165,000 | 17,999,000 | 19,176,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,170,000 | 2,292,000 | 3,471,000 | 4,605,000 |
| Interest expense | 8,000 | 14,000 | 19,000 | 30,000 |
| Net interest income | 1,162,000 | 2,278,000 | 3,452,000 | 4,575,000 |
| Noninterest income | 1,070,000 | 2,170,000 | 3,085,000 | 3,974,000 |
| Noninterest expense | 1,800,000 | 3,536,000 | 5,353,000 | 7,075,000 |
| Provision for loan losses | 0 | 0 | 0 | -750,000 |
| Pretax income | 432,000 | 911,000 | 1,183,000 | 2,223,000 |
| Income tax | 0 | 4,000 | 253,000 | 468,000 |
| Net income | 432,000 | 907,000 | 930,000 | 1,755,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,194,000 | 17,669,000 | 17,692,000 | 18,950,000 |
| Total capital | 17,669,000 | 18,185,000 | 18,133,000 | 19,510,000 |
| Risk-weighted assets | 70,973,000 | 80,920,000 | 75,240,000 | 73,587,000 |