Community Bank, North Mississippi

Headquarters

900 North Main Street
Amory, MS 38821
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
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

Community Bank, North Mississippi is an FDIC insured institution located in Amory, MS. It was founded in 1912 and has approximately $0.58 billion in assets.

FDIC Insured Yes
FDIC Certificate # 11438
Date Established 1912
Assets $ 530.85 million
Loans $ 362.71 million
Deposits $ 475.92 million
Capital $ 51.27 million
 

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

Deposit Rates - February 25, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - February 25, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Bank, North Mississippi

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 (%) Points Fees Monthly
Payment
Learn More
CityWorth Loans
NMLS ID: 925476
3.064% 3.000% 0.50 $2,062 $1,055 Learn More
Beeline Loans, Inc.
NMLS ID: 1799947
2.813% 2.750% 0.88 $2,042 $1,021 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
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Community Bank, North Mississippi
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Community Bank, North Mississippi branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Community Bank, North Mississippi Locations


Financial Details

Community Bank, North Mississippi Ratio Analysis

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

Texas Ratio
Community Bank, North Mississippi U.S. Bank Average
8.81% 6.14%

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 September 30, 2020, Community Bank, North Mississippi had $1,206,000 in non-current loans and $3,652,000 in owned real estate. To cover these potential losses it had $51,265,000 in equity and $3,899,000 in loans loss reserves. That gives it a Texas Ratio of 8.81%.

Return on Equity
Community Bank, North Mississippi U.S. Bank Average
6.81% 9.23%

Community Bank, North Mississippi has a Return on Equity of 6.81% versus the BestCashCow average of 9.23%. 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.

Capitalization
Community Bank, North Mississippi U.S. Bank Average
9.66% 12.07%

Community Bank, North Mississippi has a Capitalization of 9.66% versus the BestCashCow average of 12.07. 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.

Community Bank, North Mississippi Balance Sheet Analysis

As of December 31, 2017, Community Bank, North Mississippi had assets of $578,604,000, loans of $362,707,000, and deposits of $475,916,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 66.60 million
Interest-bearing balances $ 60.85 million
Total securities $ 105.53 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 362.71 million
Loan loss allowance $ 3.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.65 million
Goodwill and other intangibles $ 3.31 million
All other assets $ 20.70 million
     Total Assets $ 527.34 million
LIABILITIES
Total deposits $ 475.92 million
      Interest-bearing deposits $ 450.50 million
      Deposits held in domestic offices $ 475.92 million
      % insured (estimated) 79.23%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 50.00 million
Subordinated debt N.A.
All other liabilities $ 1.42 million
      Total Liabilities $ 527.34 million
      Shareholders’ Equity $ 3.51 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 19.03 million
Total Interest Expense $ 1.81 million
Net interest income $ 17.22 million
Provision for loan and lease losses $ 0.35 million
Total non interest income $ 2.74 million
Total non interest expense $ 14.07 million
Pre-tax Net Operating Income $ 5.54 million

Bank Loan Profile?

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

Compared to other banks in Mississippi, Community Bank, North Mississippi has a significantly higher percent of Small Business Loans 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 49.71
Multifamily
Mortgages
2.44
Credit Card Loans 0.00
Consumer Auto Loans 0.85
Small Business Loans 14.21
Construction and Development Loans 11.28
Commercial Real Estate 22.81
Commercial and Industrial Loans 7.92
Farm Loans 0.09

Frequently Asked Questions About Community Bank, North Mississippi

Branches and Savings

Is Community Bank, North Mississippi FDIC insured?

Yes. It is covered under FDIC Certificate #11438.

Why does Community Bank, North Mississippi pay such low interest on savings accounts?

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

Why are Community Bank, North Mississippi CD rates not competitive?

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

Is Community Bank, North Mississippi a commercial bank?

Yes

Where are Community Bank, North Mississippi locations?

See branch locations nearby.

Is Community Bank, North Mississippi open on Saturdays?

Is Community Bank, North Mississippi open on Sundays?

What time does Community Bank, North Mississippi open?

What time does Community Bank, North Mississippi close?

Are Community Bank, North Mississippi ATMs Open 24/7?

Do Community Bank, North Mississippi ATMs accept cash deposits?

Can Community Bank, North Mississippi customers use other ATMs?

Do Community Bank, North Mississippi branches have notaries?

Will Community Bank, North Mississippi notarize my document?

What address for Community Bank, North Mississippi should I put for incoming ACH transfers?

Will the Community Bank, North Mississippi branch print checks?

Do Community Bank, North Mississippi checks expire?

Does Community Bank, North Mississippi require US citizenship to open account?

Can Community Bank, North Mississippi close my account?

Does Community Bank, North Mississippi Report to credit bureaus?

Does Community Bank, North Mississippi Use Equifax?

What is Community Bank, North Mississippi's ACH Routing Number?

What is Community Bank, North Mississippi's SWIFT code?

Products

Does Community Bank, North Mississippi offer mortgages?

Compare mortgage rates here.

Does Community Bank, North Mississippi offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank, North Mississippi offer personal loans?

Compare personal loan rates here.

Does Community Bank, North Mississippi offer student loans?

Will Community Bank, North Mississippi cash a check?

Will Community Bank, North Mississippi redeem a savings bond?

Does Community Bank, North Mississippi cash savings bonds?

Will Community Bank, North Mississippi cash money orders?

Can Community Bank, North Mississippi issue a money order?

Does Community Bank, North Mississippi do currency exchange?

Background on The Bank

Who owns Community Bank, North Mississippi?

How long has Community Bank, North Mississippi been around?

Can Community Bank, North Mississippi transfer to other banks?

Does Community Bank, North Mississippi have quick pay?

Does Community Bank, North Mississippi accept rolled coins?

Will Community Bank, North Mississippi accept loose change?

Where is Community Bank, North Mississippi headquarters?

Customer Reviews for Community Bank, North Mississippi


  • February 05, 2015

    FYI: I checked on the 2% and 3% FIRA rates...they are for NEW deposits. They do not apply to transfers of existing IRA accounts.

Add Your Review

Rate it here →