This institution is no longer active

Operations ceased on February 12, 2000. CRA examination history below reflects the period it was active.

FIRST STATE BANK OF COVINGTON, TENNESSEE

COVINGTON, TN · Supervised by FDIC

Est. 1919FDIC #9,192RSSD: FDIC-9192

Part ofUNION PLANTERS CORP→ View all charters

Outstanding Up

Current rating · Exam: February 1997

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 2.06%

Institution Profile

FDIC BankFind

Address

103 East Pleasant Avenue, COVINGTON, TN

County

Tipton County

Established

January 1, 1919

Total Assets

$118M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

February 1, 1997

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 29 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1999Call Report / FDIC

Total Assets

$118M

Total Deposits

$106M

Net Loans

$92M

Net Income

$3M

ROA

2.06%

Above avg for Small banks. Peer avg: 0.44%

ROE

24.62%

Risk-Based Capital

12.22%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA2.06%Peer avg: 0.44%▲ Above avg

Risk-Based Capital12.22%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Rating Trend

↑ Improving

Based on last 3 exams

Exam Date	Rating	Exam Type
Feb 1997	Outstanding	Small Bank
Nov 1994	Satisfactory	Not Reported
Nov 1992	Satisfactory	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

Embed this rating

Copy this snippet to embed a live rating badge on your website:

<iframe
  src="https://bankscorer.com/widget/bank/31ddc2a5-f7df-4bb2-9d24-23f0afe8328f"
  width="320"
  height="80"
  frameborder="0"
  scrolling="no"
  style="border:none"
></iframe>

Updates automatically when the rating changes.

Preview: