Vitals
  • Total Assets
    222.1M -2.2 %
  • Total Deposits
    170.8M -9.8 %
  • Total Net Loans
    172.8M 2.4 %
  • Net Income
    636000.0000 15.4 %
  • Book Value
    25.1M -0.1 %
  • Book Value x2
    50.2M -0.1 %
  • Book Value x3
    75.3M -0.1 %
ROAA

.283

ROAE

2.522

Efficiency Ratio

85.755

Net Interest Margin

4.27

Balance Sheet Highlights
Financial Highlights Covenant Bank All Insured Commercial Banks in Mississippi
Balance Sheet $(000)
Total Assets 222,122 488,301
Total Net Loans 172,815 313,781
Total Deposits 170,814 404,995
Total Equity 25,103 55,237
Profitability
Net Income 636 4,509
Return on Average Assets .283 .884
Return on Average Equity 2.522 8.129
Net Interest Margin 4.27 3.923
Efficiency Ratio 85.755 70.894
Noninterest Income/Revenue 19.66 21.81
Balance Sheet Ratios
Loan-to-Deposit 101.171 70.29
Securities/Assets .076 .216
Total Equity/Total Assets .113 .113
Tangible Equity/Tangible Assets .113 .1
Capital Adequacy
Tier 1 Common Capital 24,383 47,272
Tier 1 Capital 24,383 47,349
Tier 2 Capital 2,071 3,385
Total Capital 26,454 50,728
Total Risk Weighted Assets 195,294 348,369
Leverage Ratio 11 10.707
Common Equity Tier 1 Capital Ratio 12.49 16.391
Tier 1 Capital Ratio 12.49 16.441
Total Capital Ratio 13.55 17.511

Timeline for Covenant Bank

Planters Bank & Trust Company

Covenant Bank was acquired by Planters Bank & Trust Company 8 years

View Profile Feb 01 2016

Covenant Financial Corporation

Covenant Financial Corporation became a new parent organization for Covenant Bank.

View Profile Feb 23 2004

Covenant Bank

Covenant Bank was established 23 years ago and is currently headquartered in Clarksdale, MS.

Oct 25 2000
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Planters Bank & Trust Company Buyer 1,026,581 Acquisition Discontinued 2/1/2016
Relationships Role Relationship Start Relationship End
Covenant Financial Corporation Parent 2/23/2004 1/31/2016
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