Vitals
  • Total Assets
    181.1M -0.7 %
  • Total Deposits
    165.8M -1.4 %
  • Total Net Loans
    43.3M -33.9 %
  • Net Income
    688000.0000 -33.8 %
  • Book Value
    14.9M 7.1 %
  • Book Value x2
    29.9M 7.1 %
  • Book Value x3
    44.8M 7.1 %
ROAA

.352

ROAE

4.628

Efficiency Ratio

93.306

Net Interest Margin

2.962

Balance Sheet Highlights
Financial Highlights First Covenant Bank All Insured Commercial Banks in Georgia
Balance Sheet $(000)
Total Assets 181,142 256,123
Total Net Loans 43,280 160,108
Total Deposits 165,767 221,413
Total Equity 14,943 27,434
Profitability
Net Income 688 2,812
Return on Average Assets .352 .99
Return on Average Equity 4.628 8.811
Net Interest Margin 2.962 4.031
Efficiency Ratio 93.306 72.067
Noninterest Income/Revenue 42.02 19.316
Balance Sheet Ratios
Loan-to-Deposit 26.109 70.662
Securities/Assets .132 .165
Total Equity/Total Assets .082 .107
Tangible Equity/Tangible Assets .082 .105
Capital Adequacy
Tier 1 Common Capital 14,551 26,376
Tier 1 Capital 14,551 26,452
Tier 2 Capital 975 1,919
Total Capital 15,526 28,453
Total Risk Weighted Assets 76,802 174,280
Leverage Ratio 7.78 10.62
Common Equity Tier 1 Capital Ratio 18.95 16.191
Tier 1 Capital Ratio 18.95 16.286
Total Capital Ratio 20.22 17.433

Timeline for First Covenant Bank

Nbank, National Association

Acquisition: First Covenant Bank acquired a new subsidiary, Nbank, National Association, 16 years

View Profile Jun 22 2007

First Covenant Bank

First Covenant Bank was established 17 years ago and is currently headquartered in Commerce, GA.

Sep 18 2006
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Nbank, National Association Seller 112,258 Sale of Assets 6/22/2007
Relationships Role Relationship Start Relationship End
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