Citizens Federal Savings and Loan Association of Covington
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Data as of · sourced from FFIEC call reports. How we update
Citizens Federal Savings and Loan Association of Covington is an FDIC-insured savings institution headquartered in Covington, KY, supervised by the OCC, with $41.9M in total assets at Q2 2026, up 0.2% from Q2 2025, the 117th largest of 120 banks headquartered in Kentucky. It was established in 1886 and holds FDIC certificate 27841.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 27841
- Headquarters
- Covington, KY
- Established
- 1886
- Total assets, Q2 2026
- $41.9M
- Assets vs Q2 2025
- +0.2%
- Capital ratio
- Not reported
- Domestic offices
- 1 · Citizens Federal Savings and Loan Association of Covington branches FDIC institution directory, current count
- Routing number
- 242170086
- Latest call report
- Q2 2026, FFIEC 051 · Citizens Federal Savings and Loan Association of Covington Q3 2026 call report, filed October 23, 2026 (preliminary)
- Asset rank in state
- 117th of 120 in Kentucky
Citizens Federal Savings and Loan Association of Covington, based in Covington, Kentucky, reported $42 million in assets at June 30, 2026. It keeps 2.52 cents of net interest income on every dollar of earning assets, lower than about 9 in 10 of the 533 banks with less than $100 million in assets (median 3.91 cents). It also pays an average of 3.40% on its deposits and borrowings, about double the median of 1.53% for banks its size.
Loans and deposits moved in opposite directions: over the year loans fell 2.5% and deposits rose 1.6%. Profitability lags: it returns 1.0% a year on shareholders' equity, a small fraction of the median of 8.6% for banks its size.
As of June 30, 2026, Citizens Federal Savings and Loan Association of Covington reported a CET1 capital ratio of 58.97%, a return on assets of 0.28%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 120 banks headquartered in Kentucky, Citizens Federal Savings and Loan Association of Covington is the 117th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.1% to $41.9M, loans fell 1.5% and deposits rose 4.9%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 93.8% of total loans, followed by multifamily loans at 3.8%. The FDIC Summary of Deposits lists a single office for it, in Covington, KY. Judged on its Q2 2026 call report, Citizens Federal Savings and Loan Association of Covington meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 433 Madison Ave, Covington, KY 41011
- County
- Kenton
- Metro Area
- Cincinnati, Oh-KY-In
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1886
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 4
- Domestic deposits
- $28.1M
- Allowance for credit losses
- $272K
- Net charge-offs (YTD)
- $0
- Average total assets
- $41.2M
- Average total loans
- $30.0M
- Average interest-bearing deposits
- $27.4M
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 27841
- Fed RSSD
- 673477
- Website
- www.citizens-federal.com →
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Citizens Federal Savings and Loan Association of Covington's total assets ran between $39.3M (Q3 2023) and $42.6M (Q3 2024), and it earned a profit in 6 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$41.9M total assets against $41.8M; $30.5M total liabilities against $30.6M.
$30.3M net loans and leases against $31.0M; $28.1M total deposits against $27.6M.
$7.0M securities against $6.2M; $4.0M cash and balances due against $4.0M.
$492K total interest income against $477K; $235K total interest expense against $263K.
$257K net interest income against $214K.
$5K total noninterest income against $6K; $235K total noninterest expense against $220K.
No provision recorded in the last 12 quarters.
$29K net income against $4K.
0.28% return on assets against 0.04%; 2.52% net interest margin against 2.09%.
58.97% CET1 capital ratio against 57.15%; 28.05% tier 1 leverage ratio against 27.41%.
Inside the full Citizens Federal Savings and Loan Association of Covington terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Citizens Federal Savings and Loan Association of Covington rankings
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.14% (Q3 2024) to 0.28% (Q2 2026) and its net interest margin ran from 1.74% (Q3 2024) to 2.62% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 58.97% | 0.28% | 0.00% | 0.00% | 2.52% |
| Q1 2026 | 58.69% | 0.20% | 0.08% | 0.22% | 2.37% |
| Q4 2025 | 57.47% | 0.22% | 0.09% | 0.24% | 2.62% |
| Q3 2025 | 56.22% | 0.21% | 0.00% | 0.00% | 2.12% |
| Q2 2025 | 57.15% | 0.04% | 0.10% | 0.28% | 2.09% |
| Q1 2025 | 57.17% | -0.06% | 0.00% | 0.00% | 2.12% |
| Q4 2024 | 57.77% | -0.10% | 0.00% | 0.00% | 1.98% |
| Q3 2024 | 55.91% | -0.14% | 0.11% | 0.31% | 1.74% |
Swipe the table sideways to see every column.
Branch Network
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Citizens Federal Savings and Loan Association | Covington , KY | 41011 | $28.1M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in KY, rank 146 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Citizens Federal Savings and Loan Association of Covington
What are Citizens Federal Savings and Loan Association of Covington's total assets?
As of the Q2 2026 filing, Citizens Federal Savings and Loan Association of Covington reported total assets of $41.9 million in its FFIEC call report.
Where is Citizens Federal Savings and Loan Association of Covington headquartered?
It is headquartered in Covington, KY, United States.
When was Citizens Federal Savings and Loan Association of Covington founded?
It was established in 1886, per the FDIC institution directory.
Is Citizens Federal Savings and Loan Association of Covington FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #27841). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens Federal Savings and Loan Association of Covington?
Citizens Federal Savings and Loan Association of Covington's primary federal regulator is the OCC.
What is Citizens Federal Savings and Loan Association of Covington's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 58.97% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Citizens Federal Savings and Loan Association of Covington operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens Federal Savings and Loan Association of Covington's Texas Ratio?
Its Texas Ratio is 0.00% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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