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Covington Savings and Loan Association, The

Covington, OH · Cert 28063 · Covington Financial Corp. MHC

State savings bank · OCC · 3 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

77

Q2 2024Q2 2026peer median (50)

Asset Quality

100

Q2 2024Q2 2026peer median (50)

Profitability

39

Q2 2024Q2 2026peer median (50)

Liquidity

58

Q2 2024Q2 2026peer median

Efficiency

56

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Covington Savings and Loan Association, The

Covington, OH · Cert 28063 · Covington Financial Corp. MHC

State savings bank · OCC · 3 branches

Q2 2026

$84.0MAssets
$46.0MLoans
$68.4MDeposits
$15.3MEquity
Loan mix
100%RE $46.5M0%C&I $0.0M0%Consumer $0.1MQ2 2025Q2 2026
Deposit mix
86%Interest-bearing $58.9M14%Noninterest $9.5MQ2 2025Q2 2026

NIM

4.01%Q2 ’244.05%Q2 ’254.02%Q2 ’26-2%0%

Non-interest income vs. expense

2.17%Q2 ’242.32%Q2 ’252.41%Q2 ’26+7%+4%

Market Position · Dayton-Kettering-Beavercreek, OH · 2026 SOD (annual) · 0.4% share · #20 of 26 inst. · $0.1B of $16.3B

2.5% Miami
0.6% Darke

Executive Summary

  • Earnings: ROA of 0.99%, down 8 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.60%, up 120 bps from a year ago.
  • Funding: loans stand at 67.24% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.99%-8 bps YoY

Net Interest Margin (YTD, annualized)

3.43%-1 bps YoY

Efficiency Ratio (YTD, annualized)

66.12%+255 bps YoY

Tier 1 Leverage Ratio

18.60%+120 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.07%1.02%1.00%0.89%0.99%-8 bps
Return on Equity6.27%5.83%5.69%4.89%5.44%-83 bps
Net Interest Margin3.45%3.55%3.51%3.39%3.43%-1 bps
Efficiency Ratio63.57%65.50%66.14%68.89%66.12%+255 bps
Non-Interest Burden2.12%2.25%2.25%2.27%2.20%+8 bps
Growth
Asset Growth (YoY)-1.22%-1.24%0.47%-5.30%2.64%+386 bps
Loan Growth (YoY)-6.29%-7.58%-3.03%-2.89%-2.36%+393 bps
Deposit Growth (YoY)-2.82%-2.94%-0.83%-7.50%2.09%+491 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.31%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.48%0.49%0.49%0.49%0.50%+1 bps
Allowance Coverage of NPLsn/an/an/a1.6xn/an/a
Capital
Tier 1 Leverage Ratio17.39%18.39%18.41%18.67%18.60%+120 bps
Total Risk-Based Capital17.39%18.39%18.41%18.67%18.60%+120 bps
Equity / Assets17.81%18.34%18.09%18.37%18.24%+43 bps
Liquidity & Funding
Loans / Deposits70.31%70.59%68.54%69.45%67.24%-306 bps
Liquid Assets / Assets36.68%34.42%34.03%30.45%31.49%-519 bps
CRE / Total Capitaln/a8.17%7.96%7.73%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Covington Savings and Loan Association, The

Covington, OH · Cert 28063 · Peer group: banks under $1B in assets (n=581-629) · Covington Financial Corp. MHC

State savings bank · OCC · 3 branches

Q2 2026

$84.0MAssets
$46.0MLoans
$68.4MDeposits
$15.3MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets (rank 81 of 581).
  • Widest gap: return on equity trails 75% of banks under $1B in assets (rank 472 of 629).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

0.98%

Rank 330 of 629

Net Interest Margin

3.43%

Rank 346 of 629

Efficiency Ratio

66.12%

Rank 279 of 629

Equity / Assets

18.24%

Rank 92 of 629

Non-interest income vs. expense

$0.2M$2.0MINCOMEEXPENSE
Unfavorable gap of $1.8M · efficiency ratio beats 56% of banks under $1B in assets
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.98%0.60%1.01%1.45%Beats 48%330 / 629
Return on Equity5.38%5.38%9.30%13.28%Beats 25%472 / 629
Net Interest Margin3.43%3.03%3.54%4.05%Beats 45%346 / 629
Efficiency Ratio66.12%58.35%67.79%79.08%Beats 56%279 / 629
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.46%1.20%Beats 100%81 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 100%158 / 581
Capital
Tier 1 Capital Ratio18.60%11.24%13.84%18.77%Beats 74%161 / 629
Total Risk-Based Capital Ratio18.60%11.58%14.43%19.66%Beats 72%177 / 629
Equity / Assets18.24%9.09%10.65%13.80%Beats 85%92 / 629
Liquidity & Funding
Loans / Deposits67.24%67.24%80.90%93.48%25th pctl446 / 594
Loans / Assets54.74%53.31%67.71%78.15%27th pctl461 / 629
Brokered Deposits / Depositsn/aNot reported for this institution