Home > Covenant Bank > Income and Expense
Covenant Bank, Income and Expense
| 1997-12-31 (YTD Data) | Rank | |
| Total interest income | $30,604,000 | 1,105 |
| Total interest expense | $15,469,000 | 1,060 |
| Net interest income | $15,135,000 | 1,163 |
| Provision for loan and lease losses | $36,000 | 7,137 |
| Total noninterest income | $1,089,000 | 2,848 |
| Gross Fiduciary activities income | $0 | 1,450 |
| Service charges on deposit accounts | $703,000 | 1,853 |
| Trading account gains and fees | $0 | 239 |
| Additional Noninterest Income | $386,000 | 3,357 |
| Total noninterest expense | $10,973,000 | 1,206 |
| Salaries and employee benefits | $6,584,000 | 1,009 |
| Premises and equipment expense | $1,797,000 | 1,112 |
| Additional noninterest expense | $2,592,000 | 1,645 |
| Pre-tax net operating income | $5,215,000 | 1,482 |
| Securities gains (losses) | $461,000 | 442 |
| Applicable income taxes | $1,746,000 | 1,484 |
| Income before extraordinary items | $3,930,000 | 1,393 |
| Extraordinary gains, net | $0 | 44 |
| Net income | $3,930,000 | 1,394 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $403,000 | 1,586 |
| Cash dividends | $337,000 | 4,315 |
| Sale, conversion, retirement of capital stock, net | $252,000 | 638 |
| Net operating income | $3,611,910 | 1,460 |
| 1996-12-31 (YTD Data) | Rank | |
| Total interest income | $29,114,000 | 1,183 |
| Total interest expense | $14,165,000 | 1,159 |
| Net interest income | $14,949,000 | 1,198 |
| Provision for loan and lease losses | $636,000 | 1,439 |
| Total noninterest income | $1,049,000 | 3,015 |
| Gross Fiduciary activities income | $0 | 1,526 |
| Service charges on deposit accounts | $631,000 | 2,144 |
| Trading account gains and fees | $0 | 262 |
| Additional Noninterest Income | $418,000 | 3,311 |
| Total noninterest expense | $12,311,000 | 1,186 |
| Salaries and employee benefits | $6,367,000 | 1,049 |
| Premises and equipment expense | $1,584,000 | 1,289 |
| Additional noninterest expense | $4,360,000 | 1,272 |
| Pre-tax net operating income | $3,051,000 | 2,340 |
| Securities gains (losses) | $0 | 4,148 |
| Applicable income taxes | $1,201,000 | 1,992 |
| Income before extraordinary items | $1,850,000 | 2,627 |
| Extraordinary gains, net | $0 | 53 |
| Net income | $1,850,000 | 2,629 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $815,000 | 1,014 |
| Cash dividends | $450,000 | 3,623 |
| Sale, conversion, retirement of capital stock, net | $-593,000 | 11,409 |
| Net operating income | $1,850,000 | 2,583 |
| 1995-12-31 (YTD Data) | Rank | |
| Total interest income | $22,996,000 | 1,491 |
| Total interest expense | $11,148,000 | 1,460 |
| Net interest income | $11,848,000 | 1,521 |
| Provision for loan and lease losses | $225,000 | 2,789 |
| Total noninterest income | $736,000 | 3,932 |
| Gross Fiduciary activities income | $0 | 1,590 |
| Service charges on deposit accounts | $302,000 | 4,278 |
| Trading account gains and fees | $0 | 522 |
| Additional Noninterest Income | $434,000 | 3,155 |
| Total noninterest expense | $9,618,000 | 1,478 |
| Salaries and employee benefits | $5,249,000 | 1,268 |
| Premises and equipment expense | $1,177,000 | 1,717 |
| Additional noninterest expense | $3,192,000 | 1,614 |
| Pre-tax net operating income | $2,741,000 | 2,627 |
| Securities gains (losses) | $1,000 | 3,512 |
| Applicable income taxes | $654,000 | 3,427 |
| Income before extraordinary items | $2,088,000 | 2,404 |
| Extraordinary gains, net | $0 | 65 |
| Net income | $2,088,000 | 2,403 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $628,000 | 1,194 |
| Cash dividends | $269,000 | 4,819 |
| Sale, conversion, retirement of capital stock, net | $4,012,000 | 123 |
| Net operating income | $2,087,240 | 2,381 |
| 1994-12-31 (YTD Data) | Rank | |
| Total interest income | $17,937,000 | 1,717 |
| Total interest expense | $7,320,000 | 1,710 |
| Net interest income | $10,617,000 | 1,702 |
| Provision for loan and lease losses | $670,000 | 1,238 |
| Total noninterest income | $720,000 | 4,034 |
| Gross Fiduciary activities income | $0 | 1,599 |
| Service charges on deposit accounts | $246,000 | 5,101 |
| Trading account gains and fees | $0 | 475 |
| Additional Noninterest Income | $474,000 | 3,053 |
| Total noninterest expense | $9,943,000 | 1,481 |
| Salaries and employee benefits | $4,618,000 | 1,460 |
| Premises and equipment expense | $1,166,000 | 1,765 |
| Additional noninterest expense | $4,159,000 | 1,373 |
| Pre-tax net operating income | $724,000 | 7,262 |
| Securities gains (losses) | $0 | 3,600 |
| Applicable income taxes | $-390,000 | 12,460 |
| Income before extraordinary items | $1,114,000 | 4,127 |
| Extraordinary gains, net | $0 | 249 |
| Net income | $1,114,000 | 4,131 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $749,000 | 1,048 |
| Cash dividends | $208,000 | 5,355 |
| Sale, conversion, retirement of capital stock, net | $54,000 | 898 |
| Net operating income | $1,114,000 | 4,164 |
| 1993-12-31 (YTD Data) | Rank | |
| Total interest income | $10,532,000 | 2,951 |
| Total interest expense | $4,261,000 | 2,989 |
| Net interest income | $6,271,000 | 2,900 |
| Provision for loan and lease losses | $108,000 | 5,571 |
| Total noninterest income | $351,000 | 7,009 |
| Gross Fiduciary activities income | $0 | 1,630 |
| Service charges on deposit accounts | $221,000 | 5,578 |
| Trading account gains and fees | $0 | 532 |
| Additional Noninterest Income | $130,000 | 7,013 |
| Total noninterest expense | $5,772,000 | 2,478 |
| Salaries and employee benefits | $2,669,000 | 2,484 |
| Premises and equipment expense | $735,000 | 2,754 |
| Additional noninterest expense | $2,368,000 | 2,357 |
| Pre-tax net operating income | $742,000 | 7,134 |
| Securities gains (losses) | $0 | 7,477 |
| Applicable income taxes | $-354,000 | 13,101 |
| Income before extraordinary items | $1,096,000 | 4,342 |
| Extraordinary gains, net | $0 | 3,149 |
| Net income | $1,096,000 | 4,465 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $430,000 | 1,958 |
| Cash dividends | $156,000 | 6,000 |
| Sale, conversion, retirement of capital stock, net | $0 | 1,223 |
| Net operating income | $1,096,000 | 4,117 |
| 1992-12-31 (YTD Data) | Rank | |
| Total interest income | $7,517,000 | 4,540 |
| Total interest expense | $3,511,000 | 4,533 |
| Net interest income | $4,006,000 | 4,441 |
| Provision for loan and lease losses | $551,000 | 2,791 |
| Total noninterest income | $185,000 | 9,709 |
| Gross Fiduciary activities income | NA | NA |
| Service charges on deposit accounts | $117,000 | 8,026 |
| Trading account gains and fees | NA | NA |
| Additional Noninterest Income | $68,000 | 9,388 |
| Total noninterest expense | $3,718,000 | 3,720 |
| Salaries and employee benefits | $1,722,000 | 3,712 |
| Premises and equipment expense | $435,000 | 4,476 |
| Additional noninterest expense | $1,561,000 | 3,477 |
| Pre-tax net operating income | $-78,000 | 12,904 |
| Securities gains (losses) | $429,000 | 1,214 |
| Applicable income taxes | $119,000 | 9,396 |
| Income before extraordinary items | $232,000 | 10,148 |
| Extraordinary gains, net | $119,000 | 657 |
| Net income | $351,000 | 8,840 |
| Minority interest net income | NA | NA |
| Net income of bank and minority interests. | NA | NA |
| Net charge-offs | $303,000 | 3,309 |
| Cash dividends | $0 | 8,912 |
| Sale, conversion, retirement of capital stock, net | $3,317,000 | 232 |
| Net operating income | $-51,140 | 12,820 |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.