Clover Community Bank


124 North Main Street
Clover, SC 29710
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Clover Community Bank is an FDIC insured institution located in Clover, SC. It was founded in 1987 and has approximately $0.13 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 27055
Date Established 1987
Assets $ 129.77 million
Loans $ 64.89 million
Deposits $ 111.86 million
Capital $ 13.30 million

For a more detailed analysis of Clover Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 26, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - July 26, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Clover Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
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AmeriSave Mortgage Corporation
NMLS ID: 1168
2.672% 2.625%
0.63 points
$1,550 fees
$1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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BMO Harris Bank
BMO Harris Bank
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4.840 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Note to Clover Community Bank
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Financial Details

Clover Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Clover Community Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Clover Community Bank U.S. Bank Average
22.33% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2021, Clover Community Bank had $2,334,000 in non-current loans and $960,000 in owned real estate. To cover these potential losses it had $13,298,000 in equity and $1,452,000 in loans loss reserves. That gives it a Texas Ratio of 22.33%.

Return on Equity
Clover Community Bank U.S. Bank Average
10.02% 11.43%

Clover Community Bank has a Return on Equity of 10.02% versus the BestCashCow average of 11.43%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Clover Community Bank U.S. Bank Average
10.25% 11.51%

Clover Community Bank has a Capitalization of 10.25% versus the BestCashCow average of 11.51. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Clover Community Bank Balance Sheet Analysis

As of December 31, 2018, Clover Community Bank had assets of $126,469,000, loans of $64,891,000, and deposits of $111,855,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2021
Cash & Balances due from depository institutions $ 13.13 million
Interest-bearing balances $ 10.32 million
Total securities $ 39.21 million
Federal funds sold and reverse repurchase $ 1.50 million
Net loans and leases $ 64.89 million
Loan loss allowance $ 1.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.96 million
Goodwill and other intangibles N.A.
All other assets $ 4.95 million
     Total Assets $ 113.17 million
Total deposits $ 111.86 million
      Interest-bearing deposits $ 81.44 million
      Deposits held in domestic offices $ 111.86 million
      % insured (estimated) 92.42%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.32 million
      Total Liabilities $ 113.17 million
      Shareholders’ Equity $ 16.60 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 5.50 million
Total Interest Expense $ 0.17 million
Net interest income $ 5.33 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 1.29 million
Total non interest expense $ 5.24 million
Pre-tax Net Operating Income $ 1.25 million

Bank Loan Profile?

The top three loan types in Clover Community Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in South Carolina, Clover Community Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.75
Credit Card Loans 0.00
Consumer Auto Loans 3.79
Small Business Loans 31.70
Construction and Development Loans 10.30
Commercial Real Estate 46.86
Commercial and Industrial Loans 8.94
Farm Loans 0.00

Frequently Asked Questions About Clover Community Bank

Branches and Savings

Is Clover Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27055.

Why does Clover Community Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Clover Community Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Clover Community Bank a commercial bank?


Where are Clover Community Bank locations?

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Is Clover Community Bank open on Saturdays?

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Are Clover Community Bank ATMs Open 24/7?

Do Clover Community Bank ATMs accept cash deposits?

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Do Clover Community Bank branches have notaries?

Will Clover Community Bank notarize my document?

What address for Clover Community Bank should I put for incoming ACH transfers?

Will the Clover Community Bank branch print checks?

Do Clover Community Bank checks expire?

Does Clover Community Bank require US citizenship to open account?

Can Clover Community Bank close my account?

Does Clover Community Bank Report to credit bureaus?

Does Clover Community Bank Use Equifax?

What is Clover Community Bank's ACH Routing Number?

What is Clover Community Bank's SWIFT code?


Does Clover Community Bank offer mortgages?

Compare mortgage rates here.

Does Clover Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Clover Community Bank offer personal loans?

Compare personal loan rates here.

Does Clover Community Bank offer student loans?

Will Clover Community Bank cash a check?

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Does Clover Community Bank do currency exchange?

Background on The Bank

Who owns Clover Community Bank?

How long has Clover Community Bank been around?

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Does Clover Community Bank have quick pay?

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Will Clover Community Bank accept loose change?

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