Covington County Bank
Collins, Mississippi · FDIC Cert #21998
Covington County Bank is an FDIC-insured bank (Certificate #21998) with $100M in total assets and $86M in total deposits as of the Q2 2024 Call Report. Headquartered in Collins, Mississippi, the bank maintains a Tier 1 capital ratio of 17.81% (Well-Capitalized) and a nonperforming loan ratio of 0.74%. BankHealthData assigns a composite Health Grade of A (94/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Covington County Bank (FDIC cert 21998) is a community bank — $100M in total assets, $86M in deposits, serving the Collins, Mississippi area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 17.81% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.74% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is comfortable: 28.3% of assets in liquid form — sufficient to cover meaningful deposit-outflow scenarios without forced asset sales.
Profitability is strong: return on assets of 1.99% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is improving: the bank's composite score is up materially over the most recent quarters in the dataset. Improving trends usually reflect either capital strengthening, asset-quality recovery, or sustained profitability gains. Covington County Bank carries a composite BankHealth grade of A (94/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Covington County Bank
- Total Assets
- $100M
- Total Deposits
- $86M
- Tier 1 Capital Ratio
- 17.81%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.74%
- Liquidity Ratio
- 28.32%
- Return on Assets
- 1.99%
- Headquarters
- Collins, Mississippi
- FDIC Certificate
- #21998
- Health Grade
- A (94/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Covington County Bank holds a Tier 1 capital ratio of 17.81%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Covington County Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Covington County Bank shows strong financial health indicators. With $100M in assets and a Health Score of 94/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Covington County Bank Compares
Covington County Bank’s Health Score of 94 is 28 points above the Mississippi state average of 66 across 45 FDIC-insured banks. Its 17.81% Tier 1 capital ratio is 3.8 points above the US banking industry average near 14%. The 0.74% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.99% is in line with or above the national ROA benchmark of ~1.1%. Among 1094 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, Covington County Bank is 24 points above the portfolio average of 70.
Frequently Asked Questions
Covington County Bank has a Bank Health Score of A (94/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 17.81%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Covington County Bank's Tier 1 capital ratio of 17.81% and nonperforming loan ratio of 0.74% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Covington County Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #21998). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Covington County Bank holds $100M in total assets and $86M in total deposits. It is headquartered in Collins, Mississippi (FDIC Certificate #21998).
Covington County Bank has a Tier 1 capital ratio of 17.81%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.74%, and the return on assets is 1.99%.
Yes. Covington County Bank is FDIC-insured (Certificate #21998). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Covington County Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.