Covenant Bank & Trust
Rock Spring, GA — Non-member Bank
Acquired Mar 2012
Vitals
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Total Assets95.7M -9.7 %
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Total Deposits90.6M -6.3 %
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Total Net Loans67.6M -15.1 %
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Net Income-2434000.0000 35.3 %
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Book Value1.9M -54.5 %
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Book Value x23.8M -54.5 %
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Book Value x35.6M -54.5 %
Balance Sheet Highlights
| Financial Highlights | Covenant Bank & Trust | All Insured Commercial Banks in Georgia |
| Balance Sheet $(000) | ||
| Total Assets | 95,725 | 200,829 |
| Total Net Loans | 67,639 | 122,730 |
| Total Deposits | 90,632 | 174,340 |
| Total Equity | 1,882 | 17,873 |
| Profitability | ||
| Net Income | -2,434 | -385 |
| Return on Average Assets | -2.354 | -.18 |
| Return on Average Equity | -68.621 | -5.591 |
| Net Interest Margin | 3.474 | 3.778 |
| Efficiency Ratio | 108.948 | 86.295 |
| Noninterest Income/Revenue | -2.576 | 11.412 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 74.63 | 68.72 |
| Securities/Assets | .098 | .168 |
| Total Equity/Total Assets | .02 | .089 |
| Tangible Equity/Tangible Assets | .02 | .088 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 1,485 | 16,449 |
| Tier 2 Capital | 853 | 1,649 |
| Total Capital | 2,338 | 18,113 |
| Total Risk Weighted Assets | 77,728 | 133,269 |
| Leverage Ratio | 1.5 | 9.046 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.91 | 14.074 |
| Total Capital Ratio | 3.01 | 15.321 |
Timeline for Covenant Bank & Trust
Stearns Bank National Association
Covenant Bank & Trust was acquired by Stearns Bank National Association 12 years
View Profile Mar 24 2012
Covenant Bank & Trust
Covenant Bank & Trust was established 17 years ago and is currently headquartered in Rock Spring, GA.
Jun 12 2006| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Stearns Bank National Association | Buyer | 1,829,262 | Failure | 3/24/2012 |
| Relationships | Role | Relationship Start | Relationship End |
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