Home > Covenant Bank > Assets and Liabilities
Covenant Bank, Assets and Liabilities
| 1997-12-31 | Rank | |
| # of Employees: | 139 | 1,270 |
| Assets and Liabilities | ||
| Total Assets: | $334,185,000 | 1,381 |
| Cash and due from depository institutions | $15,791,000 | 1,270 |
| Interest-bearing balances | $0 | 6,604 |
| Securities | $46,573,000 | 2,453 |
| Federal funds sold & reverse repurchase agreements | $5,000,000 | 2,692 |
| Net loans & leases | $249,337,000 | 1,179 |
| Loan loss allowance | $2,649,000 | 1,405 |
| Trading account assets | $0 | 203 |
| Bank premises and fixed assets | $9,245,000 | 801 |
| Other real estate owned | $1,002,000 | 1,270 |
| Goodwill and other intangibles | $0 | 3,571 |
| All other assets | $7,237,000 | 1,104 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $334,185,000 | 1,381 |
| Total liabilities | $300,862,000 | 1,384 |
| Total deposits | $288,434,000 | 1,289 |
| Interest-bearing deposits | $247,212,000 | 1,305 |
| Deposits held in domestic offices | $288,434,000 | 1,283 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,723 |
| Trading liabilities | $0 | 80 |
| Other borrowed funds | $8,000,000 | 1,562 |
| Subordinated debt | $0 | 260 |
| All other liabilities | $4,428,000 | 1,112 |
| Total equity capital | $33,323,000 | 1,348 |
| Total bank equity capital | $33,323,000 | 1,348 |
| Perpetual preferred stock | $4,043,000 | 57 |
| Common stock | $18,037,000 | 207 |
| Surplus | $12,822,000 | 1,249 |
| Undivided profits | $-1,579,000 | 10,793 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $3,797,000 | 756 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,731 |
| Income earned, not collected on loans | $1,670,000 | 1,293 |
| Earning assets | $300,910,000 | 1,409 |
| Long-term assets (5+ years) | $125,303,000 | 633 |
| Average Assets, year-to-date | $410,212,000 | 1,101 |
| Average Assets, quarterly | $377,018,500 | 1,214 |
| Volatile liabilities | $52,846,000 | 1,353 |
| Insider loans | $701,000 | 4,506 |
| FHLB advances | $0 | 780 |
| Loans and leases held for sale | $0 | 1,579 |
| Unused loan commitments | $33,545,000 | 1,441 |
| Tier 1 (core) risk-based capital | $33,401,000 | 1,263 |
| Tier 2 risk-based capital | $2,649,000 | 1,201 |
| Total risk weighted assets | $253,367,400 | 1,147 |
| Total unused commitments | $33,545,000 | 1,445 |
| Derivatives | $0 | 533 |
| 1996-12-31 | Rank | |
| # of Employees: | 166 | 1,118 |
| Assets and Liabilities | ||
| Total Assets: | $415,293,000 | 1,181 |
| Cash and due from depository institutions | $12,463,000 | 1,118 |
| Interest-bearing balances | $0 | 6,640 |
| Securities | $144,277,000 | 857 |
| Federal funds sold & reverse repurchase agreements | $3,100,000 | 3,756 |
| Net loans & leases | $238,185,000 | 1,263 |
| Loan loss allowance | $3,016,000 | 1,326 |
| Trading account assets | $0 | 240 |
| Bank premises and fixed assets | $9,098,000 | 843 |
| Other real estate owned | $695,000 | 1,118 |
| Goodwill and other intangibles | $0 | 3,437 |
| All other assets | $7,475,000 | 1,147 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $415,293,000 | 1,181 |
| Total liabilities | $386,042,000 | 1,147 |
| Total deposits | $278,014,000 | 1,382 |
| Interest-bearing deposits | $236,146,000 | 1,426 |
| Deposits held in domestic offices | $278,014,000 | 1,377 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $84,037,000 | 402 |
| Trading liabilities | $0 | 97 |
| Other borrowed funds | $20,517,000 | 922 |
| Subordinated debt | $0 | 298 |
| All other liabilities | $3,474,000 | 1,315 |
| Total equity capital | $29,251,000 | 1,550 |
| Total bank equity capital | $29,251,000 | 1,550 |
| Perpetual preferred stock | $7,500,000 | 41 |
| Common stock | $14,531,000 | 276 |
| Surplus | $10,613,000 | 1,522 |
| Undivided profits | $-3,393,000 | 11,378 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $4,619,000 | 757 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,832 |
| Income earned, not collected on loans | $1,486,000 | 1,464 |
| Earning assets | $385,562,000 | 1,158 |
| Long-term assets (5+ years) | $62,678,000 | 1,062 |
| Average Assets, year-to-date | $386,868,600 | 1,197 |
| Average Assets, quarterly | $401,235,000 | 1,194 |
| Volatile liabilities | $135,911,000 | 715 |
| Insider loans | $858,000 | 4,025 |
| FHLB advances | $0 | 882 |
| Loans and leases held for sale | $0 | 1,560 |
| Unused loan commitments | $36,732,000 | 1,333 |
| Tier 1 (core) risk-based capital | $29,556,000 | 1,448 |
| Tier 2 risk-based capital | $3,016,000 | 1,109 |
| Total risk weighted assets | $248,752,600 | 1,188 |
| Total unused commitments | $36,732,000 | 1,341 |
| Derivatives | $0 | 549 |
| 1995-12-31 | Rank | |
| # of Employees: | 136 | 1,392 |
| Assets and Liabilities | ||
| Total Assets: | $303,656,000 | 1,570 |
| Cash and due from depository institutions | $8,551,000 | 1,392 |
| Interest-bearing balances | $0 | 6,853 |
| Securities | $97,303,000 | 1,281 |
| Federal funds sold & reverse repurchase agreements | $6,400,000 | 2,297 |
| Net loans & leases | $178,468,000 | 1,601 |
| Loan loss allowance | $2,848,000 | 1,438 |
| Trading account assets | $0 | 261 |
| Bank premises and fixed assets | $6,399,000 | 1,172 |
| Other real estate owned | $1,322,000 | 1,392 |
| Goodwill and other intangibles | $0 | 3,181 |
| All other assets | $5,213,000 | 1,568 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $303,656,000 | 1,570 |
| Total liabilities | $278,301,000 | 1,555 |
| Total deposits | $223,844,000 | 1,737 |
| Interest-bearing deposits | $196,216,000 | 1,729 |
| Deposits held in domestic offices | $223,844,000 | 1,723 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $37,582,000 | 614 |
| Trading liabilities | $0 | 110 |
| Other borrowed funds | $14,500,000 | 994 |
| Subordinated debt | $0 | 337 |
| All other liabilities | $2,375,000 | 1,827 |
| Total equity capital | $25,355,000 | 1,769 |
| Total bank equity capital | $25,355,000 | 1,769 |
| Perpetual preferred stock | $7,500,000 | 45 |
| Common stock | $9,399,000 | 418 |
| Surplus | $8,122,000 | 1,914 |
| Undivided profits | $334,000 | 10,677 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $4,672,000 | 805 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,782 |
| Income earned, not collected on loans | $1,245,000 | 1,815 |
| Earning assets | $282,171,000 | 1,549 |
| Long-term assets (5+ years) | $26,825,000 | 2,000 |
| Average Assets, year-to-date | $293,975,200 | 1,549 |
| Average Assets, quarterly | $297,506,500 | 1,585 |
| Volatile liabilities | $81,885,000 | 928 |
| Insider loans | $92,000 | 9,276 |
| FHLB advances | $0 | 855 |
| Loans and leases held for sale | $936,000 | 839 |
| Unused loan commitments | $24,606,000 | 1,726 |
| Tier 1 (core) risk-based capital | $24,198,000 | 1,771 |
| Tier 2 risk-based capital | $2,302,380 | 1,391 |
| Total risk weighted assets | $183,645,080 | 1,559 |
| Total unused commitments | $24,606,000 | 1,735 |
| Derivatives | $0 | 628 |
| 1994-12-31 | Rank | |
| # of Employees: | 111 | 1,791 |
| Assets and Liabilities | ||
| Total Assets: | $283,812,000 | 1,615 |
| Cash and due from depository institutions | $8,714,000 | 1,791 |
| Interest-bearing balances | $0 | 7,034 |
| Securities | $89,703,000 | 1,439 |
| Federal funds sold & reverse repurchase agreements | $3,725,000 | 2,345 |
| Net loans & leases | $171,464,000 | 1,622 |
| Loan loss allowance | $3,251,000 | 1,304 |
| Trading account assets | $0 | 286 |
| Bank premises and fixed assets | $5,484,000 | 1,356 |
| Other real estate owned | $695,000 | 1,791 |
| Goodwill and other intangibles | $0 | 3,133 |
| All other assets | $4,027,000 | 2,055 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $283,812,000 | 1,615 |
| Total liabilities | $265,699,000 | 1,586 |
| Total deposits | $207,501,000 | 1,838 |
| Interest-bearing deposits | $186,564,000 | 1,777 |
| Deposits held in domestic offices | $207,501,000 | 1,827 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $38,795,000 | 631 |
| Trading liabilities | $0 | 87 |
| Other borrowed funds | $18,000,000 | 941 |
| Subordinated debt | $0 | 372 |
| All other liabilities | $1,403,000 | 2,353 |
| Total equity capital | $18,113,000 | 2,262 |
| Total bank equity capital | $18,113,000 | 2,262 |
| Perpetual preferred stock | $3,457,000 | 78 |
| Common stock | $8,509,000 | 445 |
| Surplus | $7,117,000 | 2,075 |
| Undivided profits | $-970,000 | 12,172 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $6,177,000 | 671 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,752 |
| Income earned, not collected on loans | $1,023,000 | 1,932 |
| Earning assets | $264,892,000 | 1,597 |
| Long-term assets (5+ years) | $22,839,000 | 2,294 |
| Average Assets, year-to-date | $220,452,600 | 2,045 |
| Average Assets, quarterly | $269,531,500 | 1,696 |
| Volatile liabilities | $78,319,000 | 936 |
| Insider loans | $63,000 | 10,056 |
| FHLB advances | $0 | 993 |
| Loans and leases held for sale | $0 | 1,430 |
| Unused loan commitments | $24,476,000 | 1,653 |
| Tier 1 (core) risk-based capital | $18,367,000 | 2,239 |
| Tier 2 risk-based capital | $2,112,570 | 1,500 |
| Total risk weighted assets | $167,867,170 | 1,656 |
| Total unused commitments | $24,476,000 | 1,664 |
| Derivatives | $0 | 687 |
| 1993-12-31 | Rank | |
| # of Employees: | 79 | 2,652 |
| Assets and Liabilities | ||
| Total Assets: | $185,091,000 | 2,500 |
| Cash and due from depository institutions | $7,728,000 | 2,652 |
| Interest-bearing balances | $0 | 7,655 |
| Securities | $28,221,000 | 4,724 |
| Federal funds sold & reverse repurchase agreements | $8,050,000 | 1,721 |
| Net loans & leases | $134,460,000 | 2,028 |
| Loan loss allowance | $2,351,000 | 1,819 |
| Trading account assets | $0 | 330 |
| Bank premises and fixed assets | $4,352,000 | 1,670 |
| Other real estate owned | $637,000 | 2,652 |
| Goodwill and other intangibles | $0 | 3,091 |
| All other assets | $1,643,000 | 4,099 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $185,091,000 | 2,500 |
| Total liabilities | $171,826,000 | 2,474 |
| Total deposits | $163,904,000 | 2,418 |
| Interest-bearing deposits | $146,464,000 | 2,353 |
| Deposits held in domestic offices | $163,904,000 | 2,408 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $0 | 3,944 |
| Trading liabilities | $0 | 1 |
| Other borrowed funds | $7,000,000 | 1,273 |
| Subordinated debt | $0 | 413 |
| All other liabilities | $922,000 | 3,336 |
| Total equity capital | $13,265,000 | 3,052 |
| Total bank equity capital | $13,265,000 | 3,052 |
| Perpetual preferred stock | $3,457,000 | 81 |
| Common stock | $5,830,000 | 624 |
| Surplus | $6,506,000 | 2,134 |
| Undivided profits | $-2,528,000 | 13,039 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $4,446,000 | 1,058 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1,950 |
| Income earned, not collected on loans | $819,000 | 2,152 |
| Earning assets | $170,731,000 | 2,494 |
| Long-term assets (5+ years) | $11,610,000 | 3,962 |
| Average Assets, year-to-date | $153,700,200 | 2,898 |
| Average Assets, quarterly | $184,925,000 | 2,486 |
| Volatile liabilities | $25,967,000 | 1,944 |
| Insider loans | $88,000 | 9,945 |
| FHLB advances | $0 | 821 |
| Loans and leases held for sale | $0 | 1,681 |
| Unused loan commitments | $21,885,000 | 1,790 |
| Tier 1 (core) risk-based capital | $13,148,000 | 3,015 |
| Tier 2 risk-based capital | $1,766,490 | 1,752 |
| Total risk weighted assets | $140,734,390 | 1,923 |
| Total unused commitments | $21,885,000 | 1,810 |
| Derivatives | $0 | 714 |
| 1992-12-31 | Rank | |
| # of Employees: | 45 | 4,684 |
| Assets and Liabilities | ||
| Total Assets: | $110,336,000 | 4,138 |
| Cash and due from depository institutions | $3,844,000 | 4,684 |
| Interest-bearing balances | $0 | 8,059 |
| Securities | $18,370,000 | 6,441 |
| Federal funds sold & reverse repurchase agreements | $4,285,000 | 3,766 |
| Net loans & leases | $79,165,000 | 3,284 |
| Loan loss allowance | $1,634,000 | 2,515 |
| Trading account assets | $0 | 344 |
| Bank premises and fixed assets | $2,268,000 | 3,205 |
| Other real estate owned | $1,173,000 | 4,684 |
| Goodwill and other intangibles | $0 | 3,106 |
| All other assets | $1,231,000 | 5,372 |
| Life insurance assets | $0 | 1 |
| Total liabilities and capital | $110,336,000 | 4,138 |
| Total liabilities | $98,128,000 | 4,247 |
| Total deposits | $95,519,000 | 4,182 |
| Interest-bearing deposits | $84,597,000 | 4,153 |
| Deposits held in domestic offices | $95,519,000 | 4,175 |
| % insured | 0.00% | 1 |
| Federal funds purchased & repurchase agreements | $2,235,000 | 1,954 |
| Trading liabilities | $0 | 1 |
| Other borrowed funds | $0 | 5,085 |
| Subordinated debt | $0 | 482 |
| All other liabilities | $374,000 | 7,138 |
| Total equity capital | $12,208,000 | 3,140 |
| Total bank equity capital | $12,208,000 | 3,140 |
| Perpetual preferred stock | $3,457,000 | 75 |
| Common stock | $5,500,000 | 658 |
| Surplus | $6,061,000 | 2,168 |
| Undivided profits | $-2,810,000 | 13,633 |
| Noncontrolling interests in consolidated subsidiaries | $0 | 1 |
| Memoranda | ||
| Noncurrent loans and leases | $834,000 | 4,148 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 | 1 |
| Income earned, not collected on loans | $419,000 | 4,837 |
| Earning assets | $101,820,000 | 4,099 |
| Long-term assets (5+ years) | $528,000 | 10,963 |
| Average Assets, year-to-date | $102,399,400 | 4,344 |
| Average Assets, quarterly | $107,976,000 | 4,198 |
| Volatile liabilities | $21,339,000 | 2,223 |
| Insider loans | $0 | 9,493 |
| FHLB advances | $0 | 832 |
| Loans and leases held for sale | $0 | 1,207 |
| Unused loan commitments | $14,336,000 | 2,285 |
| Tier 1 (core) risk-based capital | $12,208,000 | 3,085 |
| Tier 2 risk-based capital | $1,119,730 | 2,638 |
| Total risk weighted assets | $89,064,130 | 2,983 |
| Total unused commitments | $14,336,000 | 2,303 |
| Derivatives | $0 | 651 |