PackageTrendsPeer
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Covenant Bank & Trust

Rock Springs, GA · Cert 58068

FDIC

Q4 2011

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2011, the quarter ended December 31, 2011, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Covenant Bank & Trust

Rock Springs, GA · Cert 58068

FDIC

Q4 2011

$95.7MAssets
$68.5MLoans
$90.6MDeposits
$1.9MEquity
Loan mix
90%RE $50.1M9%C&I $5.1M1%Consumer $0.4MQ4 2010Q4 2011
Deposit mix
98%Interest-bearing $88.7M2%Noninterest $1.9MQ4 2010Q4 2011

NIM

5.32%Q4 ’095.19%Q4 ’105.04%Q4 ’11+27%+8%

Non-interest income vs. expense

2.57%Q4 ’092.95%Q4 ’103.41%Q4 ’11+11%+19%

Executive Summary

  • Earnings: ROA of -2.37%, up 106 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.80%.
  • Funding: loans stand at 75.57% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-2.37%+106 bps YoY

Net Interest Margin (YTD, annualized)

3.26%+23 bps YoY

Efficiency Ratio (YTD, annualized)

108.95%+1,080 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-3.43%1.37%-0.24%-1.67%-2.37%+106 bps
Return on Equity-59.34%33.38%-5.88%-43.84%-68.62%-928 bps
Net Interest Margin3.02%3.44%3.08%3.11%3.26%+23 bps
Efficiency Ratio98.15%66.58%75.91%88.68%108.95%+1,080 bps
Non-Interest Burden2.97%2.04%2.20%2.73%3.54%+57 bps
Growth
Asset Growth (YoY)-6.05%-6.39%-4.36%-6.20%-9.71%-366 bps
Loan Growth (YoY)-5.11%-8.42%-0.94%-7.44%-16.74%-1,163 bps
Deposit Growth (YoY)-0.11%-3.93%-2.89%-1.83%-6.25%-614 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.28%0.33%0.91%0.80%5.80%+252 bps
Allowance / Loans3.14%3.17%3.45%4.97%1.25%-190 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital5.75%6.30%5.65%4.47%3.01%-275 bps
Equity / Assets3.90%4.29%4.02%2.96%1.97%-194 bps
Liquidity & Funding
Loans / Deposits85.09%82.97%86.16%79.75%75.57%-952 bps
Liquid Assets / Assets1.49%3.50%0.84%2.24%3.87%+238 bps
CRE / Total Capitaln/an/an/an/an/an/an/a