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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 $0.1MQ3 2024Q2 2026
Deposit mix
86%Interest-bearing $58.9M14%Noninterest $9.5MQ3 2024Q2 2026

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.23%1.18%0.95%1.07%1.02%1.00%0.89%0.99%-8 bps
Return on Equity7.72%7.31%5.68%6.27%5.83%5.69%4.89%5.44%-83 bps
Net Interest Margin3.68%3.60%3.36%3.45%3.55%3.51%3.39%3.43%-1 bps
Efficiency Ratio59.61%60.83%66.04%63.57%65.50%66.14%68.89%66.12%+255 bps
Non-Interest Burden2.11%2.11%2.15%2.12%2.25%2.25%2.27%2.20%+8 bps
Growth
Asset Growth (YoY)-3.58%-6.64%0.10%-1.22%-1.24%0.47%-5.30%2.64%+386 bps
Loan Growth (YoY)2.08%-1.67%-2.20%-6.29%-7.58%-3.03%-2.89%-2.36%+393 bps
Deposit Growth (YoY)-5.32%-8.47%-1.17%-2.82%-2.94%-0.83%-7.50%2.09%+491 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.00%0.00%0.00%0.00%0.00%0.31%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.46%0.48%0.48%0.48%0.49%0.49%0.49%0.50%+1 bps
Allowance Coverage of NPLs9.5xn/an/an/an/an/a1.6xn/an/a
Capital
Tier 1 Leverage Ratio17.17%17.25%17.39%17.39%18.39%18.41%18.67%18.60%+120 bps
Total Risk-Based Capital17.17%17.25%17.39%17.39%18.39%18.41%18.67%18.60%+120 bps
Equity / Assets17.07%17.15%16.48%17.81%18.34%18.09%18.37%18.24%+43 bps
Liquidity & Funding
Loans / Deposits74.13%70.10%66.15%70.31%70.59%68.54%69.45%67.24%-306 bps
Liquid Assets / Assets32.66%36.23%39.39%36.68%34.42%34.03%30.45%31.49%-519 bps
CRE / Total Capitaln/an/an/an/a8.17%7.96%7.73%n/an/a