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 5,075th largest bank in the nation. It was established in 1997 and as of June of 2016, it had grown to 15 employees at 1 location. Covenant Bank (AL) has a D health rating.

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Health
D
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-1.09%
Return on Equity - YTD-17.94%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$67.1MM$76.8MM
LoansQ2 2016vs Q2 2015$42.0MM$50.3MM
DepositsQ2 2016vs Q2 2015$60.3MM$66.1MM
Equity CapitalQ2 2016vs Q2 2015$4.2MM$5.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$804.00K$1.5MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.9MM$4.3MM
Real Estate OwnedQ2 2016vs Q2 2015$1.8MM$1.3MM
Rates
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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