Community Central Bank

Headquarters

100 North Main Street
Mount Clemens, MI 48046
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community Central Bank is an FDIC insured institution located in Mount Clemens, MI. It was founded in 1996 and has approximately $0.45 billion in assets.

Community Central Bank, Mount Clemens, Michigan, was closed April 29, 2011 by the Michigan Office of Financial and Insurance Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Talmer Bank & Trust, Troy, Michigan, formerly known as First Michigan Bank, to assume all of the deposits of Community Central Bank.

FDIC Insured Yes
FDIC Certificate # 34234
Date Established 1996
Assets $ 451.68 million
Loans $ 308.65 million
Deposits $ 371.49 million
Capital $ 0.90 million
 

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

Deposit Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Central Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.582% 2.500% 0.88 $2,715 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.554% 2.500% 0.75 $1,775 $988 Learn More

Featured - Connecticut 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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

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

Branches

Community Central Bank 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:
Fairfield,Connecticut


Community Central Bank Locations


Financial Details

Community Central Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Central Bank. 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 Central Bank U.S. Bank Average
248.54% 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 Central Bank had $29,809,000 in non-current loans and $15,580,000 in owned real estate. To cover these potential losses it had $903,000 in equity and $17,359,000 in loans loss reserves. That gives it a Texas Ratio of 248.54%.

Return on Equity
Community Central Bank U.S. Bank Average
-654.36% 7.80%

Community Central Bank has a Return on Equity of -654.36% 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 Central Bank U.S. Bank Average
0.2% 12.68%

Community Central Bank has a Capitalization of 0.2% 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 Central Bank Balance Sheet Analysis

As of March 31, 2011, Community Central Bank had assets of $451,683,000, loans of $308,645,000, and deposits of $371,494,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 308.65 million
Loan loss allowance $ 17.36 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 15.58 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 371.49 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 451.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Community Central Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Community Central Bank’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Community Central Bank

Branches and Savings

Is Community Central Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34234.

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

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

Why are Community Central Bank CD rates not competitive?

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

Is Community Central Bank a commercial bank?

Yes

Where are Community Central Bank locations?

See branch locations nearby.

Is Community Central Bank open on Saturdays?

Is Community Central Bank open on Sundays?

What time does Community Central Bank open?

What time does Community Central Bank close?

Are Community Central Bank ATMs Open 24/7?

Do Community Central Bank ATMs accept cash deposits?

Can Community Central Bank customers use other ATMs?

Do Community Central Bank branches have notaries?

Will Community Central Bank notarize my document?

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

Will the Community Central Bank branch print checks?

Do Community Central Bank checks expire?

Does Community Central Bank require US citizenship to open account?

Can Community Central Bank close my account?

Does Community Central Bank Report to credit bureaus?

Does Community Central Bank Use Equifax?

What is Community Central Bank's ACH Routing Number?

What is Community Central Bank's SWIFT code?

Products

Does Community Central Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Central Bank offer personal loans?

Compare personal loan rates here.

Does Community Central Bank offer student loans?

Will Community Central Bank cash a check?

Will Community Central Bank redeem a savings bond?

Does Community Central Bank cash savings bonds?

Will Community Central Bank cash money orders?

Can Community Central Bank issue a money order?

Does Community Central Bank do currency exchange?

Background on The Bank

Who owns Community Central Bank?

How long has Community Central Bank been around?

Can Community Central Bank transfer to other banks?

Does Community Central Bank have quick pay?

Does Community Central Bank accept rolled coins?

Will Community Central Bank accept loose change?

Where is Community Central Bank headquarters?

Customer Reviews for Community Central Bank

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

Add Your Review

Rate it here →