Call reports 2007
COVINGTON COUNTY BANK — 2007
What COVINGTON COUNTY BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 58,314,000 | 59,141,000 | 58,696,000 | 61,990,000 |
| Total loans | 32,627,000 | 30,529,000 | 30,843,000 | 30,609,000 |
| Allowance for loan losses | 384,000 | 382,000 | 413,000 | 365,000 |
| Securities available for sale | 20,682,000 | 20,625,000 | 21,901,000 | 22,843,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,937,000 | 51,763,000 | 51,043,000 | 54,699,000 |
| Interest-bearing deposits | 35,699,000 | 35,995,000 | 36,479,000 | 37,012,000 |
| Noninterest-bearing deposits | 15,238,000 | 15,768,000 | 14,564,000 | 17,687,000 |
| Equity capital | 6,602,000 | 6,634,000 | 6,881,000 | 6,649,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 912,000 | 1,841,000 | 2,768,000 | 3,718,000 |
| Interest expense | 351,000 | 732,000 | 1,126,000 | 1,543,000 |
| Net interest income | 561,000 | 1,109,000 | 1,642,000 | 2,175,000 |
| Noninterest income | 91,000 | 174,000 | 262,000 | 355,000 |
| Noninterest expense | 367,000 | 741,000 | 1,137,000 | 1,728,000 |
| Provision for loan losses | 15,000 | 30,000 | 60,000 | 80,000 |
| Pretax income | 270,000 | 512,000 | 707,000 | 722,000 |
| Income tax | 76,000 | 151,000 | 236,000 | 207,000 |
| Net income | 194,000 | 361,000 | 471,000 | 515,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,541,000 | 6,778,000 | 6,839,000 | 6,517,000 |
| Total capital | 6,541,000 | 7,160,000 | 7,252,000 | 6,882,000 |
| Risk-weighted assets | 58,329,000 | 59,682,000 | 59,045,000 | 62,270,000 |