☰

Home›
Banks›
Covington County Bank

iAdvertiser Disclosure

Covington County Bank Rates & Review March 2026

Q: How many branches does Covington County Bank operate?

Covington County Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Covington County Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Covington County Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: March 28, 2026

You can compare Covington County Bank rates to other rates in our database, including 12-month CD rates currently at 0.40%, 6-month CD rates at 0.75% and 3-month CD rates at 1.50%. Savings rates are at 0.15% and money market rates are at 0.10%. Mortgage rates on 30-year fixed loans are around 6.01%. All these rates can be compared to Covington County Bank rates. MonitorBankRates evaluates the financial stability of Covington County Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 5.37%. Rates were last updated on 03/28/2026.

Covington County Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Covington County Bank? Share your experience about Covington County Bank by leaving a review below, or read customer reviews before you decide to use Covington County Bank.

Overall Health & Safety Grade

A+

Exceptional Health Score: 97/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

5.37%

Excellent Lower than avg

Covington County Bank

102 S Dogwood Ave
Collins, MS 39428

https://www.covcobank.com

Current Rate Availability

We do not have Covington County Bank rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Covington County Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Covington County Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Covington County Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Covington County Bank

Bank Holding Company COVINGTON CAPITAL CORP

Address 102 S Dogwood Ave, Collins, MS 39428 · Covington

Website https://www.covcobank.com

FDIC Certificate # 21998

Established 05/01/1975

FDIC Insurance Date 05/01/1975

Domestic Offices 2

Total Branches 2

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 97/100

5.0

Exceptional Out of 5.0 Stars

5.37%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 7.7859%

Return on Equity (ROE) 83.5800%

Non-Performing Loans (NPL) 0.61%

Total Assets $104,495,000

Total Deposits $89,859,000

Equity Capital $12,871,000

Net Income $1,616,000

Headquarters Collins

Total Offices 2

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

There are no reviews for Covington County Bank yet. Feel free to create one below.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Covington County Bank

Frequently Asked Questions About Covington County Bank

Is Covington County Bank a safe place to deposit money?

Yes, Covington County Bank is considered a safe financial institution. With a Texas Ratio of 5.3722823805926%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Covington County Bank operate?

Covington County Bank currently maintains approximately 2 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Covington County Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Covington County Bank provides members with tools to manage their accounts and build a solid financial history.

Does Covington County Bank offer online and mobile banking?

Most modern institutions like Covington County Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.covcobank.com.