Call reports 2008
COVINGTON COUNTY BANK — 2008
What COVINGTON COUNTY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 59,641,000 | 58,469,000 | 57,677,000 | 57,436,000 |
| Total loans | 31,485,000 | 29,532,000 | 29,646,000 | 28,690,000 |
| Allowance for loan losses | 355,000 | 337,000 | 355,000 | 337,000 |
| Securities available for sale | 23,160,000 | 22,787,000 | 21,627,000 | 22,136,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,898,000 | 50,756,000 | 50,171,000 | 50,420,000 |
| Interest-bearing deposits | 36,244,000 | 36,317,000 | 35,891,000 | 35,600,000 |
| Noninterest-bearing deposits | 15,654,000 | 14,439,000 | 14,280,000 | 14,820,000 |
| Equity capital | 7,029,000 | 6,975,000 | 6,761,000 | 6,452,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 943,000 | 1,832,000 | 2,708,000 | 3,509,000 |
| Interest expense | 374,000 | 694,000 | 997,000 | 1,277,000 |
| Net interest income | 569,000 | 1,138,000 | 1,711,000 | 2,232,000 |
| Noninterest income | 122,000 | 250,000 | 388,000 | 490,000 |
| Noninterest expense | 398,000 | 802,000 | 1,259,000 | 2,010,000 |
| Provision for loan losses | 15,000 | 31,000 | 113,000 | 184,000 |
| Pretax income | 278,000 | 555,000 | 727,000 | 528,000 |
| Income tax | 85,000 | 170,000 | 218,000 | 126,000 |
| Net income | 193,000 | 385,000 | 509,000 | 402,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,710,000 | 6,885,000 | 7,009,000 | 6,537,000 |
| Total capital | 7,065,000 | 7,222,000 | 7,364,000 | 6,874,000 |
| Risk-weighted assets | 59,530,000 | 58,666,000 | 58,405,000 | 42,861,000 |