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Overview / Commentary
205-702-2265
7924 Parkway Drive
Leeds, AL 35094

Covenant Bank (AL) is headquartered in Leeds and is the 113th largest bank in the state of Alabama. It is also the 5,017th largest bank in the nation. It was established in 1997 and as of December of 2016, it had grown to 15 employees at 1 location. Covenant Bank (AL)'s CD rates are 22% higher than the national average, but it has a C- health rating.

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Health
C-
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Covenant Bank (AL) has a relatively low asset base, and a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #34460
Year Established1997
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.86%
Return on Equity - YTD-14.14%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$66.2MM$73.0MM
LoansQ4 2016vs Q4 2015$42.4MM$48.3MM
DepositsQ4 2016vs Q4 2015$60.5MM$63.4MM
Equity CapitalQ4 2016vs Q4 2015$3.7MM$4.4MM
Loan Loss AllowanceQ4 2016vs Q4 2015$812.00K$1.0MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$1.4MM$3.1MM
Real Estate OwnedQ4 2016vs Q4 2015$1.6MM$1.4MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Covenant Bank (AL) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$50-Regular Savings Account

Covenant Bank (AL) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$250k*-Money Market Checking Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $50k | 0.50% $50k - $250k

Covenant Bank (AL) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$500-Covenant Gold Checking Account
0.05%$500-Community Spirit Checking

Covenant Bank (AL) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.71%$500-5 Year CD
1.47%$500-4 Year CD
1.39%$500-3 Year CD
1.25%$500-2 Year CD
1.10%$500-1 Year CD
0.93%$500-6 Month CD
0.84%$500-3 Month CD
Locations


Covenant Bank (AL) Locations
Covenant Bank7924 Parkway DriveLeeds, AL 35094