Covenant Bank & Trust
Rock Spring, GA
$95.7M
total assets, December 31, 2011
$95.7M
total assets, December 31, 2011
Covenant Bank & Trust was a state nonmember bank in Rock Spring, GA. It failed on Mar 23, 2012, and Stearns Bank, National Association took over its deposits. At its last report it held $95.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2011
This bank failed
- Failed on
- Mar 23, 2012
- Assets
- $95.7M
- Deposits
- $90.6M
- Estimated cost
- $30.3M
- Deposits went to
- Stearns Bank, National Association, St.cloud, MN
Total assets
$95.7M
-9.7% in a year · -5.7% in a quarter
Deposits
$90.6M
-6.3% in a year · -4.8% in a quarter
Loans
$68.5M
-16.7% in a year · -9.8% in a quarter
Profit so far
-$2.4M
Jan 1 to Dec 31, 2011
Capital ratio
1.50%
-2.14 pts in a year
Return on assets
-2.37%
+1.06 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 122 Highway 95, Rock Spring, GA, 30739
- County
- Walker
- Established
- Jun 12, 2006
- Failed
- Mar 23, 2012
- Employees
- 21
- Branches
- 2
- Id
- b58068
Quarter by quarter
June 30, 2006 to December 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Covenant Bank & Trust?
$95.7 million in total assets and $90.6 million in deposits as of December 31, 2011, with assets down 9.7% from a year before. Its loans were $68.5 million.
How many branches does Covenant Bank & Trust have?
2 branches in Georgia as of June 30, 2026.
Is Covenant Bank & Trust profitable?
No: it lost $2.43 million from January 1 to December 31, 2011. Its return on assets was -2.37% a year; about 1% is typical.
When did Covenant Bank & Trust fail?
Mar 23, 2012. Stearns Bank, National Association of St.cloud, MN took over its deposits. The estimated cost of the failure was $30.3 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.