Call reports 2019
FIRST COVENANT BANK — 2019
What FIRST COVENANT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 |
|---|---|---|---|
| Total assets | 136,384,000 | 135,503,000 | 112,422,000 |
| Total loans | 41,698,000 | 35,680,000 | 32,069,000 |
| Allowance for loan losses | 502,000 | 416,000 | 412,000 |
| Securities available for sale | 21,152,000 | 20,254,000 | 20,602,000 |
| Securities held to maturity | 800,000 | 800,000 | 800,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 115,970,000 | 114,339,000 | 91,988,000 |
| Interest-bearing deposits | 50,970,000 | 50,833,000 | 44,018,000 |
| Noninterest-bearing deposits | 65,000,000 | 63,506,000 | 47,970,000 |
| Equity capital | 19,828,000 | 20,523,000 | 19,763,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 |
|---|---|---|---|
| Interest income | 1,495,000 | 2,672,000 | 3,680,000 |
| Interest expense | 17,000 | 37,000 | 55,000 |
| Net interest income | 1,478,000 | 2,635,000 | 3,625,000 |
| Noninterest income | 476,000 | 1,469,000 | 1,213,000 |
| Noninterest expense | 1,753,000 | 3,535,000 | 5,374,000 |
| Provision for loan losses | 102,000 | 102,000 | 102,000 |
| Pretax income | 99,000 | 1,138,000 | 762,000 |
| Income tax | 16,000 | 277,000 | 168,000 |
| Net income | 83,000 | 861,000 | 594,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 |
|---|---|---|---|
| Tier 1 capital | 19,080,000 | 19,858,000 | 19,590,000 |
| Total capital | 20,002,000 | 20,274,000 | 20,002,000 |
| Risk-weighted assets | 72,008,000 | 61,812,000 | 50,773,000 |