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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

$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

4.13%Q2 ’244.20%Q2 ’254.13%Q2 ’26-1%-1%

Non-interest income vs. expense

2.13%Q2 ’242.33%Q2 ’252.39%Q2 ’26+10%+2%

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 1.10%, down 8 bps year over year; NIM at 3.54%.
  • 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 (quarter, annualized)

1.10%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.54%-5 bps YoY

Efficiency Ratio (quarter, annualized)

63.51%+221 bps YoY

Tier 1 Leverage Ratio

18.60%+120 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.17%0.90%0.96%0.89%1.10%-8 bps
Return on Equity6.86%4.96%5.27%4.89%5.99%-87 bps
Net Interest Margin3.59%3.46%3.52%3.39%3.54%-5 bps
Efficiency Ratio61.30%69.50%68.06%68.89%63.51%+221 bps
Non-Interest Burden2.12%2.34%2.32%2.27%2.17%+5 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