Community Bank of Mississippi

Headquarters

323 East Third Street
Forest, MS 39074
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 0.20% 1.01% →
2-Year CD 0.35% 0.95% →
5-Year CD 0.55% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community Bank of Mississippi is an FDIC insured institution located in Forest, MS. It was founded in 1905 and has approximately $3.37 billion in assets. Customers can open an account at one of its 48 branches.

FDIC Insured Yes
FDIC Certificate # 8879
Date Established 1905
Assets $ 3.37 billion
Loans $ 2.23 billion
Deposits $ 3.03 billion
Capital $ 305.50 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.16% $10,000 $14,999 Learn More
6 Mo CD
0.16% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.20% $10,000 $14,999 Learn More
18 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community Bank of 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Community Bank of 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 of Mississippi Locations


Financial Details

Community Bank of Mississippi Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank of 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 of Mississippi U.S. Bank Average
9.99% 6.94%

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, 2020, Community Bank of Mississippi had $16,935,000 in non-current loans and $15,761,000 in owned real estate. To cover these potential losses it had $305,500,000 in equity and $21,909,000 in loans loss reserves. That gives it a Texas Ratio of 9.99%.

Return on Equity
Community Bank of Mississippi U.S. Bank Average
9% 7.80%

Community Bank of Mississippi has a Return on Equity of 9% versus the BestCashCow average of 7.80%. 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 of Mississippi U.S. Bank Average
9.06% 12.68%

Community Bank of Mississippi has a Capitalization of 9.06% versus the BestCashCow average of 12.68. 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 of Mississippi Balance Sheet Analysis

As of March 31, 2020, Community Bank of Mississippi had assets of $3,371,491,000, loans of $2,231,696,000, and deposits of $3,029,274,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 250.44 million
Interest-bearing balances $ 180.67 million
Total securities $ 678.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.23 billion
Loan loss allowance $ 21.91 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.76 million
Goodwill and other intangibles $ 17.78 million
All other assets $ 68.60 million
     Total Assets $ 3.07 billion
LIABILITIES
Total deposits $ 3.03 billion
      Interest-bearing deposits $ 2.85 billion
      Deposits held in domestic offices $ 3.03 billion
      % insured (estimated) 74.97%
Federal funds purchased and repurchase agreements $ 1.74 million
Trading liabilities N.A.
Other borrowed funds $ 15.25 million
Subordinated debt N.A.
All other liabilities $ 19.72 million
      Total Liabilities $ 3.07 billion
      Shareholders’ Equity $ 305.50 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 34.56 million
Total Interest Expense $ 7.09 million
Net interest income $ 27.47 million
Provision for loan and lease losses $ 2.10 million
Total non interest income $ 8.43 million
Total non interest expense $ 25.13 million
Pre-tax Net Operating Income $ 8.66 million

Bank Loan Profile?

The top three loan types in Community Bank of 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 of 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 40.45
Multifamily
Mortgages
2.18
Credit Card Loans 0.00
Consumer Auto Loans 0.93
Small Business Loans 14.11
Construction and Development Loans 12.31
Commercial Real Estate 25.42
Commercial and Industrial Loans 8.68
Farm Loans 0.09

Frequently Asked Questions About Community Bank Of Mississippi

Branches and Savings

Is Community Bank Of Mississippi FDIC insured?

Yes. It is covered under FDIC Certificate #8879.

Why does Community Bank Of 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 Of Mississippi CD rates not competitive?

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

Is Community Bank Of Mississippi a commercial bank?

Yes

Where are Community Bank Of Mississippi locations?

See branch locations nearby.

Is Community Bank Of Mississippi open on Saturdays?

Is Community Bank Of Mississippi open on Sundays?

What time does Community Bank Of Mississippi open?

What time does Community Bank Of Mississippi close?

Are Community Bank Of Mississippi ATMs Open 24/7?

Do Community Bank Of Mississippi ATMs accept cash deposits?

Can Community Bank Of Mississippi customers use other ATMs?

Do Community Bank Of Mississippi branches have notaries?

Will Community Bank Of Mississippi notarize my document?

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

Will the Community Bank Of Mississippi branch print checks?

Do Community Bank Of Mississippi checks expire?

Does Community Bank Of Mississippi require US citizenship to open account?

Can Community Bank Of Mississippi close my account?

Does Community Bank Of Mississippi Report to credit bureaus?

Does Community Bank Of Mississippi Use Equifax?

What is Community Bank Of Mississippi's ACH Routing Number?

What is Community Bank Of Mississippi's SWIFT code?

Products

Does Community Bank Of Mississippi offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Bank Of Mississippi offer personal loans?

Compare personal loan rates here.

Does Community Bank Of Mississippi offer student loans?

Will Community Bank Of Mississippi cash a check?

Will Community Bank Of Mississippi redeem a savings bond?

Does Community Bank Of Mississippi cash savings bonds?

Will Community Bank Of Mississippi cash money orders?

Can Community Bank Of Mississippi issue a money order?

Does Community Bank Of Mississippi do currency exchange?

Background on The Bank

Who owns Community Bank Of Mississippi?

How long has Community Bank Of Mississippi been around?

Can Community Bank Of Mississippi transfer to other banks?

Does Community Bank Of Mississippi have quick pay?

Does Community Bank Of Mississippi accept rolled coins?

Will Community Bank Of Mississippi accept loose change?

Where is Community Bank Of Mississippi headquarters?

Customer Reviews for Community Bank of Mississippi

There are currently no comments for Community Bank of Mississippi. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →