The Covington Savings and Loan Association in Covington, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Covington Savings and Loan Association in Covington, Ohio (OH)
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The Covington Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 28063
    Status: Active
    Federal Reserve ID: 835079
    Date Established: January 01, 1886
    WWW: http://www.covingtonsavingsandloan.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 827
    FDIC's unique #: 40897
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 08, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 North High Street, Covington, OH 45318
    County: Miami
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Dayton-Springfield, OH (#2000)
    Combined Statistical Area (CSA): Dayton-Springfield-Greenville, OH (#212)
    Core Based Statistical Area (CBSA): Dayton, OH (#19380)
    CBSA Metro Statistical Area: Dayton, OH (#19380)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $60.4 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $53.1 mil
    Return on assets (ROA): 0.27% ($0.2 mil)
    Quarterly return on assets: 0.47% ($0.3 mil)
    Return on Equity (ROE): 2.03% ($0.1 mil)
    Quarterly return on equity: 4.04% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.35% ($211.4 mil)
    Quarterly Pretax return on assets: 0.53% ($320.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $60,395Total assets
  • $15,360Cash and due from depository institutions
  • $14,660Interest-bearing balances
  • $12,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,943Net loans & leases
  • $237Loan loss allowance
  • $0Trading account assets
  • $542Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $60,395Life insurance assets
  • $1,364All other assets
  • $53,336Total liabilities and capital
  • $53,111Total liabilities
  • $50,196Total deposits
  • $53,111Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $225Subordinated debt
  • $7,059All other liabilities
  • $7,059Total equity capital
  • $7,059Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $9Surplus
  • $7,049Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $368Income earned, not collected on loans
  • $0Earning assets
  • $133Long-term assets (5+ years)
  • $57,789Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $61,812Volatile liabilities
  • $60,573Insider loans
  • $23,729FHLB advances
  • $60,140Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,869Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $150Restructured Loans and leases
  • $240Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,035Total interest income
  • $280Total interest expense
  • $1,755Net interest income
  • $0Provision for loan and lease losses
  • $173Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $1,714Total noninterest expense
  • $833Salaries and employee benefits
  • $431Premises and equipment expense
  • $450Additional noninterest expense
  • $214Pre-tax net operating income
  • $0Securities gains (losses)
  • $48Applicable income taxes
  • $166Income before extraordinary items
  • $0Extraordinary gains - net
  • $166Net income attributable to bank
  • $0Net charge-offs
  • $166Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.54%Yield on earning assets
  • 0.49%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.98%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.35%Pretax return on assets
  • 2.03%Return on equity (ROE)
  • 2.03%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,900Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.76%Loss allowance to noncurrent loans
  • 64.40%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 58.26%Net loans and leases to core deposits
  • 58.26%Equity capital to assets
  • 11.69%Core capital (leverage) ratio
  • 11.42%Tier 1 risk-based capital ratio
  • 28.95%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $61,812Average earning assets
  • $8,171Average equity
  • $57,451Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040897The Covington Savings And Loan Assoc117 North High Street, Covington, OH 45318January 01, 1886Full Service Brick and Mortar
    1264847East Broadway Branch700 East Broadway, Covington, OH 45318July 20, 1987Full Service Brick and Mortar
    3264849East Main Street Branch223 North Miami Street, Bradford, OH 45308April 06, 1998Full Service Brick and Mortar

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