Covenant Bank & Trust


122 Highway 95
Rock Spring, GA 30739
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Covenant Bank & Trust is an FDIC insured institution located in Rock Spring, GA. It was founded in 2006 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58068
Date Established 2006
Assets $ 95.73 million
Loans $ 67.64 million
Deposits $ 90.63 million
Capital $ 1.88 million

For a more detailed analysis of Covenant Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - June 22, 2021

Your Current Location: California, CA 92111


Loan Rates - June 22, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Covenant Bank & Trust

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
New American Funding
NMLS ID: 6606
2.875% 2.750%
1.00 points
$4,084 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info

Note to Covenant Bank & Trust
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Covenant Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California

Covenant Bank & Trust Locations

Financial Details

Covenant Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Covenant Bank & Trust. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Covenant Bank & Trust U.S. Bank Average
560.51% 5.49%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2020, Covenant Bank & Trust had $8,818,000 in non-current loans and $6,512,000 in owned real estate. To cover these potential losses it had $1,882,000 in equity and $853,000 in loans loss reserves. That gives it a Texas Ratio of 560.51%.

Return on Equity
Covenant Bank & Trust U.S. Bank Average
-68.62% 9.24%

Covenant Bank & Trust has a Return on Equity of -68.62% versus the BestCashCow average of 9.24%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Covenant Bank & Trust U.S. Bank Average
1.97% 11.96%

Covenant Bank & Trust has a Capitalization of 1.97% versus the BestCashCow average of 11.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Covenant Bank & Trust Balance Sheet Analysis

As of December 31, 2011, Covenant Bank & Trust had assets of $95,725,000, loans of $67,639,000, and deposits of $90,632,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2020
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 67.64 million
Loan loss allowance $ 0.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.51 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 90.63 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 95.73 million

Summary Income Statement

December 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Covenant Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Covenant Bank & Trust’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Covenant Bank & Trust

Branches and Savings

Is Covenant Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #58068.

Why does Covenant Bank & Trust pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Covenant Bank & Trust CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Covenant Bank & Trust a commercial bank?


Where are Covenant Bank & Trust locations?

See branch locations nearby.

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Are Covenant Bank & Trust ATMs Open 24/7?

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Will Covenant Bank & Trust notarize my document?

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Will the Covenant Bank & Trust branch print checks?

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Does Covenant Bank & Trust require US citizenship to open account?

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Does Covenant Bank & Trust Report to credit bureaus?

Does Covenant Bank & Trust Use Equifax?

What is Covenant Bank & Trust's ACH Routing Number?

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Does Covenant Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Covenant Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Covenant Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Covenant Bank & Trust offer student loans?

Will Covenant Bank & Trust cash a check?

Will Covenant Bank & Trust redeem a savings bond?

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Background on The Bank

Who owns Covenant Bank & Trust?

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Does Covenant Bank & Trust have quick pay?

Does Covenant Bank & Trust accept rolled coins?

Will Covenant Bank & Trust accept loose change?

Where is Covenant Bank & Trust headquarters?

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