Covington County Bank
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Data as of · sourced from FFIEC call reports. How we update
Covington County Bank is an FDIC-insured commercial bank headquartered in Collins, MS, established in 1975 (FDIC certificate 21998), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $109.2M, up 5.5% from Q2 2025, the 53rd largest of 57 banks headquartered in Mississippi. Its CET1 capital ratio was 17.47% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 21998
- Headquarters
- Collins, MS
- Established
- 1975
- Total assets, Q2 2026
- $109.2M
- Assets vs Q2 2025
- +5.5%
- CET1 ratio, Q2 2026
- 17.47%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 065302484
- Holding company
- COVINGTON CAPITAL CORPORATION
- Asset rank in state
- 53rd of 57 in Mississippi
Covington County Bank earns an unusually wide margin on its lending. Based in Collins, Mississippi, it had $109 million in assets at June 30, 2026, up 5.5% from a year earlier. It keeps 4.72 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it carries problem assets equal to 11.2% of the capital and reserves that would absorb them, 4.2 times the median of 2.6% for banks its size.
Problem loans roughly halved over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.98% of loans from 2.27%. Loans are outrunning deposits: over the year loans rose 14.2% and deposits rose 5.7%.
As of June 30, 2026, Covington County Bank reported a CET1 capital ratio of 17.47%, a return on assets of 1.47%, a nonperforming-loan ratio of 0.99% and a Texas ratio of 11.18%. The figures come from its call report filed with the FFIEC.
Covington County Bank ranks as the 53rd largest of the 57 banks based in Mississippi, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.4% to $109.2M, loans rose 6.6% and deposits rose 0.1%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 34.0% of total loans, followed by 1-4 family residential loans at 20.7%. The FDIC Summary of Deposits lists 2 offices for it, in Collins, MS and Seminary, MS; its Collins office books 88% of its branch deposits. Judged on its Q2 2026 call report, Covington County Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 102 S Dogwood Ave, Collins, MS 39428
- County
- Covington
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- May 1, 1975
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 21
- Domestic deposits
- $93.9M
- Allowance for credit losses
- $530K
- Net charge-offs (YTD)
- $3K
- Average total assets
- $108.6M
- Average total loans
- $79.8M
- Average interest-bearing deposits
- $70.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- May 1, 1975
- FDIC Cert
- 21998
- Fed RSSD
- 697035
- SEC CIK
- 1430984 → filed by COVINGTON CAPITAL CORPORATION
- Website
- www.covcobank.com →
- Parent Holding Company
- COVINGTON CAPITAL CORPORATION (RSSD 2228590)
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
From Q3 2023 to Q2 2026, Covington County Bank's total assets ranged from $96.3M (Q1 2024) to $109.2M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$109.2M total assets against $103.4M; $95.5M total liabilities against $90.4M.
$80.9M net loans and leases against $70.7M; $93.9M total deposits against $88.8M.
$13.1M securities against $13.6M; $10.0M cash and balances due against $14.6M.
$1.7M total interest income against $1.6M; $458K total interest expense against $478K.
$1.2M net interest income against $1.1M.
$149K total noninterest income against $158K; $786K total noninterest expense against $740K.
$0 provision for credit losses against $0.
$399K net income against $357K.
1.47% return on assets against 1.39%; 4.72% net interest margin against 4.49%.
17.47% CET1 capital ratio against 18.66%; 13.76% tier 1 leverage ratio against 14.21%.
Inside the full Covington County Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCovington County Bank rankings
Its closest position to the top of a national ranking is 535 of 3,640, for Texas Ratio; its furthest is 3,597 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.15% (Q3 2025) to 2.27% (Q1 2025) and its net interest margin ran from 4.20% (Q1 2025) to 4.72% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.47% | 1.47% | 0.99% | 11.18% | 4.72% |
| Q1 2026 | 18.65% | 1.35% | 0.95% | 4.11% | 4.49% |
| Q4 2025 | 19.42% | 1.36% | 2.26% | 10.73% | 4.52% |
| Q3 2025 | 20.86% | 1.15% | 1.35% | 5.91% | 4.34% |
| Q2 2025 | 18.66% | 1.39% | 2.67% | 11.87% | 4.49% |
| Q1 2025 | 20.23% | 2.27% | 3.94% | 18.61% | 4.20% |
| Q4 2024 | 20.03% | 1.75% | 1.25% | 6.40% | 4.34% |
| Q3 2024 | 20.01% | 1.44% | 0.88% | 4.02% | 4.43% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → 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 |
|---|---|---|---|
| Covington County Bank (main office) | Collins , MS | 39428 | $82.6M |
| Seminary Branch | Seminary , MS | 39479 | $11.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in MS, rank 67 of 80 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 3 loans, $163K approved, $54K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 5 complaints in the last 3 full quarters. Raw counts, not adjusted for size
- Period: 2019-Q2 to 2026-Q2. Source: CFPB consumer complaint database.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 Covington County Bank
What are Covington County Bank's total assets?
As of the Q2 2026 filing, Covington County Bank reported total assets of $109.2 million in its FFIEC call report.
Where is Covington County Bank headquartered?
It is headquartered in Collins, MS, United States.
When was Covington County Bank founded?
It was established in 1975, per the FDIC institution directory.
Is Covington County Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #21998). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Covington County Bank?
Covington County Bank's primary federal regulator is the FDIC.
What is Covington County Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.47% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Covington County Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Covington County Bank's Texas Ratio?
Its Texas Ratio is 11.18% 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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