Featured Savings Rates
Featured Accounts

Covenant Bank (AL)

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.75%5-year CD5 Year CD
0.25%1-year CD1 Year CD
0.10%SavingsRegular Savings Account

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

Covenant Bank (AL) is headquartered in Leeds and is the 114th largest bank in the state of Alabama. It is also the 5,088th largest bank in the nation. It was established in 1997 and as of September of 2016, it had grown to 15 employees at 1 location. Covenant Bank (AL) has a C- health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



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-13.97%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$64.5MM$74.5MM
LoansQ3 2016vs Q3 2015$40.7MM$49.7MM
DepositsQ3 2016vs Q3 2015$57.9MM$64.0MM
Equity CapitalQ3 2016vs Q3 2015$4.1MM$5.4MM
Loan Loss AllowanceQ3 2016vs Q3 2015$803.00K$994.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.5MM$3.9MM
Real Estate OwnedQ3 2016vs Q3 2015$1.6MM$1.4MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Covenant Bank (AL); we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.75%$500-5 Year CD
0.55%$500-4 Year CD
0.50%$500-3 Year CD
0.40%$500-2 Year CD
0.25%$500-1 Year CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD
Locations


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