Community Partners Savings Bank

Headquarters

301 W Main Street
Salem, IL 62881
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 1.05% →
1-Year CD 0.70% 1.05% →
2-Year CD 0.80% 1.11% →
5-Year CD 0.92% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community Partners Savings Bank is an FDIC insured institution located in Salem, IL. It was founded in 1910 and has approximately $0.21 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 30819
Date Established 1910
Assets $ 205.91 million
Loans $ 140.33 million
Deposits $ 170.27 million
Capital $ 24.48 million
 

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

Deposit Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $2,500 $4,999 Learn More
Savings
0.04% $2,500 $4,999 Learn More
Money Market
0.08% $2,500 $2,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.08% $10,000 $14,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.30% $10,000 $14,999 Learn More
3 Mo CD
0.40% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
3 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.68% $10,000 $14,999 Learn More
18 Mo CD
0.78% $10,000 $14,999 Learn More
18 Mo CD
0.78% $100,000 $199,999 Learn More
18 Mo CD
0.68% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.72% $10,000 $14,999 Learn More
30 Mo CD
0.82% $10,000 $14,999 Learn More
30 Mo CD
0.72% $100,000 $199,999 Learn More
30 Mo CD
0.82% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.78% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.78% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
Special: 49 Mo CD
0.85% $5,000 - Learn More
60 Mo CD
0.82% $10,000 $14,999 Learn More
60 Mo CD
0.92% $10,000 $14,999 Learn More
60 Mo CD
0.82% $100,000 $199,999 Learn More
60 Mo CD
0.92% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $99 Learn MoreShow Less
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 15, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Partners Savings 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
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 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
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

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

Branches

Community Partners Savings 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 Partners Savings Bank Locations


Financial Details

Community Partners Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Partners Savings 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 Partners Savings Bank U.S. Bank Average
14.7% 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 Partners Savings Bank had $3,519,000 in non-current loans and $208,000 in owned real estate. To cover these potential losses it had $24,478,000 in equity and $874,000 in loans loss reserves. That gives it a Texas Ratio of 14.7%.

Return on Equity
Community Partners Savings Bank U.S. Bank Average
4.04% 7.80%

Community Partners Savings Bank has a Return on Equity of 4.04% 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 Partners Savings Bank U.S. Bank Average
11.89% 12.68%

Community Partners Savings Bank has a Capitalization of 11.89% 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 Partners Savings Bank Balance Sheet Analysis

As of March 31, 2020, Community Partners Savings Bank had assets of $205,906,000, loans of $140,333,000, and deposits of $170,266,000. 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 $ 24.41 million
Interest-bearing balances $ 21.98 million
Total securities $ 27.92 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 140.33 million
Loan loss allowance $ 0.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles $ 1.01 million
All other assets $ 6.91 million
     Total Assets $ 181.43 million
LIABILITIES
Total deposits $ 170.27 million
      Interest-bearing deposits $ 156.44 million
      Deposits held in domestic offices $ 170.27 million
      % insured (estimated) 92.78%
Federal funds purchased and repurchase agreements $ 6.43 million
Trading liabilities N.A.
Other borrowed funds $ 2.99 million
Subordinated debt N.A.
All other liabilities $ 1.75 million
      Total Liabilities $ 181.43 million
      Shareholders’ Equity $ 24.48 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.28 million
Total Interest Expense $ 0.42 million
Net interest income $ 1.86 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.27 million
Total non interest expense $ 1.68 million
Pre-tax Net Operating Income $ 0.33 million

Bank Loan Profile?

The top three loan types in Community Partners Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Community Partners Savings Bank has a significantly higher percent of Consumer Auto 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 45.59
Multifamily
Mortgages
0.14
Credit Card Loans 0.00
Consumer Auto Loans 22.43
Small Business Loans 0.00
Construction and Development Loans 0.83
Commercial Real Estate 18.68
Commercial and Industrial Loans 6.34
Farm Loans 0.50

Frequently Asked Questions About Community Partners Savings Bank

Branches and Savings

Is Community Partners Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #30819.

Why does Community Partners Savings 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 Partners Savings Bank CD rates not competitive?

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

Is Community Partners Savings Bank a commercial bank?

Yes

Where are Community Partners Savings Bank locations?

See branch locations nearby.

Is Community Partners Savings Bank open on Saturdays?

Is Community Partners Savings Bank open on Sundays?

What time does Community Partners Savings Bank open?

What time does Community Partners Savings Bank close?

Are Community Partners Savings Bank ATMs Open 24/7?

Do Community Partners Savings Bank ATMs accept cash deposits?

Can Community Partners Savings Bank customers use other ATMs?

Do Community Partners Savings Bank branches have notaries?

Will Community Partners Savings Bank notarize my document?

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

Will the Community Partners Savings Bank branch print checks?

Do Community Partners Savings Bank checks expire?

Does Community Partners Savings Bank require US citizenship to open account?

Can Community Partners Savings Bank close my account?

Does Community Partners Savings Bank Report to credit bureaus?

Does Community Partners Savings Bank Use Equifax?

What is Community Partners Savings Bank's ACH Routing Number?

What is Community Partners Savings Bank's SWIFT code?

Products

Does Community Partners Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Partners Savings Bank offer personal loans?

Compare personal loan rates here.

Does Community Partners Savings Bank offer student loans?

Will Community Partners Savings Bank cash a check?

Will Community Partners Savings Bank redeem a savings bond?

Does Community Partners Savings Bank cash savings bonds?

Will Community Partners Savings Bank cash money orders?

Can Community Partners Savings Bank issue a money order?

Does Community Partners Savings Bank do currency exchange?

Background on The Bank

Who owns Community Partners Savings Bank?

How long has Community Partners Savings Bank been around?

Can Community Partners Savings Bank transfer to other banks?

Does Community Partners Savings Bank have quick pay?

Does Community Partners Savings Bank accept rolled coins?

Will Community Partners Savings Bank accept loose change?

Where is Community Partners Savings Bank headquarters?

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