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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 105th largest bank in the state of Alabama. It is also the 4,760th largest bank in the nation. It was established in 1997 and as of March of 2018, it had grown to 15 employees at 1 location. Covenant Bank (AL)'s CD rates are 11% higher than the national average, but it has a D health rating.

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Health
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-1.75%
Return on Equity - YTD-37.88%
Annual Interest Income$508.00K
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$68.2MM$62.8MM
LoansQ1 2018vs Q1 2017$29.7MM$40.4MM
DepositsQ1 2018vs Q1 2017$65.4MM$58.6MM
Equity CapitalQ1 2018vs Q1 2017$2.7MM$3.7MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.1MM$904.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.3MM$1.2MM
Real Estate OwnedQ1 2018vs Q1 2017$1.4MM$1.6MM
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
1.76%$500-5 Year CD
1.60%$500-4 Year CD
1.41%$500-3 Year CD
1.40%$500-2.5 Year CD
1.26%$500-2 Year CD
1.22%$500-1.5 Year CD
1.00%$500-1 Year CD
0.85%$500-9 Month CD
0.75%$500-6 Month CD
0.50%$500-3 Month CD
Locations


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

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