Community National Bank of the Lakeway Area

Headquarters

225 West First North Street
Morristown, TN 37814
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
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 National Bank of the Lakeway Area is an FDIC insured institution located in Morristown, TN. It was founded in 2003 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57445
Date Established 2003
Assets $ 116.55 million
Loans $ 59.53 million
Deposits $ 97.35 million
Capital $ 11.10 million
 

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

Deposit Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 22, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community National Bank of the Lakeway Area

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 2021

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2.480% 2.375% 1.00 $3,500 $972 Learn More
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3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Third Federal Savings and Loans
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2.240 %
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Note to Community National Bank of the Lakeway Area
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Branches

Community National Bank of the Lakeway Area 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 National Bank of the Lakeway Area Locations


Financial Details

Community National Bank of the Lakeway Area Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community National Bank of the Lakeway Area. 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 National Bank of the Lakeway Area U.S. Bank Average
17.61% 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 National Bank of the Lakeway Area had $1,135,000 in non-current loans and $964,000 in owned real estate. To cover these potential losses it had $11,102,000 in equity and $818,000 in loans loss reserves. That gives it a Texas Ratio of 17.61%.

Return on Equity
Community National Bank of the Lakeway Area U.S. Bank Average
-5.98% 9.23%

Community National Bank of the Lakeway Area has a Return on Equity of -5.98% 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 National Bank of the Lakeway Area U.S. Bank Average
9.53% 12.07%

Community National Bank of the Lakeway Area has a Capitalization of 9.53% 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 National Bank of the Lakeway Area Balance Sheet Analysis

As of June 30, 2014, Community National Bank of the Lakeway Area had assets of $116,548,000, loans of $59,534,000, and deposits of $97,352,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 59.53 million
Loan loss allowance $ 0.82 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 N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 97.35 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 $ 116.55 million

Summary Income Statement

September 30, 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 National Bank of the Lakeway Area’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Tennessee, Community National Bank of the Lakeway Area 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 46.96
Multifamily
Mortgages
2.39
Credit Card Loans 0.00
Consumer Auto Loans 1.98
Small Business Loans 21.68
Construction and Development Loans 6.18
Commercial Real Estate 30.72
Commercial and Industrial Loans 10.89
Farm Loans 0.00

Frequently Asked Questions About Community National Bank Of The Lakeway Area

Branches and Savings

Is Community National Bank Of The Lakeway Area FDIC insured?

Yes. It is covered under FDIC Certificate #57445.

Why does Community National Bank Of The Lakeway Area pay such low interest on savings accounts?

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

Why are Community National Bank Of The Lakeway Area CD rates not competitive?

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

Is Community National Bank Of The Lakeway Area a commercial bank?

Yes

Where are Community National Bank Of The Lakeway Area locations?

See branch locations nearby.

Is Community National Bank Of The Lakeway Area open on Saturdays?

Is Community National Bank Of The Lakeway Area open on Sundays?

What time does Community National Bank Of The Lakeway Area open?

What time does Community National Bank Of The Lakeway Area close?

Are Community National Bank Of The Lakeway Area ATMs Open 24/7?

Do Community National Bank Of The Lakeway Area ATMs accept cash deposits?

Can Community National Bank Of The Lakeway Area customers use other ATMs?

Do Community National Bank Of The Lakeway Area branches have notaries?

Will Community National Bank Of The Lakeway Area notarize my document?

What address for Community National Bank Of The Lakeway Area should I put for incoming ACH transfers?

Will the Community National Bank Of The Lakeway Area branch print checks?

Do Community National Bank Of The Lakeway Area checks expire?

Does Community National Bank Of The Lakeway Area require US citizenship to open account?

Can Community National Bank Of The Lakeway Area close my account?

Does Community National Bank Of The Lakeway Area Report to credit bureaus?

Does Community National Bank Of The Lakeway Area Use Equifax?

What is Community National Bank Of The Lakeway Area's ACH Routing Number?

What is Community National Bank Of The Lakeway Area's SWIFT code?

Products

Does Community National Bank Of The Lakeway Area offer mortgages?

Compare mortgage rates here.

Does Community National Bank Of The Lakeway Area offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community National Bank Of The Lakeway Area offer personal loans?

Compare personal loan rates here.

Does Community National Bank Of The Lakeway Area offer student loans?

Will Community National Bank Of The Lakeway Area cash a check?

Will Community National Bank Of The Lakeway Area redeem a savings bond?

Does Community National Bank Of The Lakeway Area cash savings bonds?

Will Community National Bank Of The Lakeway Area cash money orders?

Can Community National Bank Of The Lakeway Area issue a money order?

Does Community National Bank Of The Lakeway Area do currency exchange?

Background on The Bank

Who owns Community National Bank Of The Lakeway Area?

How long has Community National Bank Of The Lakeway Area been around?

Can Community National Bank Of The Lakeway Area transfer to other banks?

Does Community National Bank Of The Lakeway Area have quick pay?

Does Community National Bank Of The Lakeway Area accept rolled coins?

Will Community National Bank Of The Lakeway Area accept loose change?

Where is Community National Bank Of The Lakeway Area headquarters?

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