COVINGTON SAVINGS&LOAN ASSN
COVINGTON, OHIO · FDIC Cert #28063
Capital & Safety Analysis
According to FDIC financial data, COVINGTON SAVINGS&LOAN ASSN holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject COVINGTON SAVINGS&LOAN ASSN to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
COVINGTON SAVINGS&LOAN ASSN shows average financial health. While not alarming, its Health Score of 63/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
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.
Frequently Asked Questions
COVINGTON SAVINGS&LOAN ASSN has a Bank Health Score of C (63/100). It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
COVINGTON SAVINGS&LOAN ASSN holds $83M in total assets and $69M in total deposits. It is located in COVINGTON, OHIO (FDIC Certificate #28063).
COVINGTON SAVINGS&LOAN ASSN has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." The nonperforming loan ratio is 0.00%, and the return on assets is 1.56%.
Yes. COVINGTON SAVINGS&LOAN ASSN is FDIC-insured (Certificate #28063). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically regain access to funds within two business days.