# COVENANT BANK&TRUST
ROCK SPRING, GA · FDIC certificate 58068 · asset band <$300M · latest filing 2011-12 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 10 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $95.7M | |
| Deposits | $90.6M | |
| Loans and leases | $68.5M | |
| Total equity | $1.9M | |
| Loans / deposits | 74.63% (p59 of band) | 70.28% |
| Liquid assets / assets | 14.18% (p7 of band) | |
| Uninsured deposits / deposits | 0.29% (p3 of band) | 8.25% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.13% (p55 of band) | |
| FHLB advances / assets | 3.13% | |
| Tier 1 leverage | 1.50% (p0 of band) | 9.92% |
| Unrealized securities loss / equity | 6.70% (p71 of band) | 3.23% |
| AOCI / equity | 7.97% (p91 of band) | |
| ROA (annualized) | -2.37% (p4 of band) | 0.69% |
| Net interest margin | 3.64% (p36 of band) | 3.86% |
| Efficiency ratio | 108.95% (p93 of band) | |
| Noncurrent loans | 12.87% (p98 of band) | 1.38% |
| Net charge-offs (annualized) | 3.87% (p99 of band) | |
| Reserve coverage of noncurrent | 9.67% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 803.93% (p100 of band) | |
| Auto loans | $189,000 (0.28% of loans; DQ 2.65%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | – | |
| Employees | 21 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 6 | leverage <7%, leverage <5%, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 | losing money |  |
| 2011-09 | 8 | capital falling |  |
| 2011-12 | 10 | expense ratio p90, charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58068 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/20.json (key "58068", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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