Community Resource Bank

Headquarters

1605 Heritage Drive
Northfield, MN 55057
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.91% →
1-Year CD 0.50% 0.85% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.90% 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 Resource Bank is an FDIC insured institution located in Northfield, MN. It was founded in 1878 and has approximately $0.32 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 5219
Date Established 1878
Assets $ 317.10 million
Loans $ 241.71 million
Deposits $ 262.15 million
Capital $ 44.76 million
 

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

Deposit Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $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
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
Special: 11 Mo CD
0.55% $5,000 - Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
Special: 27 Mo CD
0.75% $5,000 - Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
Special: 44 Mo CD
0.95% $5,000 - Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
Special: 59 Mo CD
1.05% $5,000 - Learn More
60 Mo CD
0.85% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 11 Mo FIRA
0.55% $5,000 - Learn MoreShow Less
Special: 27 Mo FIRA
0.75% $5,000 - Learn MoreShow Less
Special: 44 Mo FIRA
0.95% $5,000 - Learn MoreShow Less
Special: 59 Mo FIRA
1.05% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - November 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Resource 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
2.557% 2.500% 0.75 $1,868 $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

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

Branches

Community Resource 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 Resource Bank Locations


Financial Details

Community Resource Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Resource 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 Resource Bank U.S. Bank Average
10.03% 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 Resource Bank had $4,801,000 in non-current loans and $36,000 in owned real estate. To cover these potential losses it had $44,757,000 in equity and $3,488,000 in loans loss reserves. That gives it a Texas Ratio of 10.03%.

Return on Equity
Community Resource Bank U.S. Bank Average
10.59% 7.80%

Community Resource Bank has a Return on Equity of 10.59% 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 Resource Bank U.S. Bank Average
14.11% 12.68%

Community Resource Bank has a Capitalization of 14.11% 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 Resource Bank Balance Sheet Analysis

As of March 31, 2020, Community Resource Bank had assets of $317,097,000, loans of $241,706,000, and deposits of $262,146,000. 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 $ 17.69 million
Interest-bearing balances $ 16.09 million
Total securities $ 37.29 million
Federal funds sold and reverse repurchase $ 0.00 million
Net loans and leases $ 241.71 million
Loan loss allowance $ 3.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 4.36 million
All other assets $ 7.28 million
     Total Assets $ 272.34 million
LIABILITIES
Total deposits $ 262.15 million
      Interest-bearing deposits $ 215.30 million
      Deposits held in domestic offices $ 262.15 million
      % insured (estimated) 91.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.00 million
Subordinated debt N.A.
All other liabilities $ 2.19 million
      Total Liabilities $ 272.34 million
      Shareholders’ Equity $ 44.76 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.73 million
Total Interest Expense $ 0.66 million
Net interest income $ 3.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.72 million
Total non interest expense $ 2.17 million
Pre-tax Net Operating Income $ 1.61 million

Bank Loan Profile?

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

Compared to other banks, Community Resource 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 28.61
Multifamily
Mortgages
4.20
Credit Card Loans 0.11
Consumer Auto Loans 0.19
Small Business Loans 0.00
Construction and Development Loans 3.79
Commercial Real Estate 35.65
Commercial and Industrial Loans 13.02
Farm Loans 5.58

Frequently Asked Questions About Community Resource Bank

Branches and Savings

Is Community Resource Bank FDIC insured?

Yes. It is covered under FDIC Certificate #5219.

Why does Community Resource 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 Resource Bank CD rates not competitive?

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

Is Community Resource Bank a commercial bank?

Yes

Where are Community Resource Bank locations?

See branch locations nearby.

Is Community Resource Bank open on Saturdays?

Is Community Resource Bank open on Sundays?

What time does Community Resource Bank open?

What time does Community Resource Bank close?

Are Community Resource Bank ATMs Open 24/7?

Do Community Resource Bank ATMs accept cash deposits?

Can Community Resource Bank customers use other ATMs?

Do Community Resource Bank branches have notaries?

Will Community Resource Bank notarize my document?

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

Will the Community Resource Bank branch print checks?

Do Community Resource Bank checks expire?

Does Community Resource Bank require US citizenship to open account?

Can Community Resource Bank close my account?

Does Community Resource Bank Report to credit bureaus?

Does Community Resource Bank Use Equifax?

What is Community Resource Bank's ACH Routing Number?

What is Community Resource Bank's SWIFT code?

Products

Does Community Resource Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Resource Bank offer personal loans?

Compare personal loan rates here.

Does Community Resource Bank offer student loans?

Will Community Resource Bank cash a check?

Will Community Resource Bank redeem a savings bond?

Does Community Resource Bank cash savings bonds?

Will Community Resource Bank cash money orders?

Can Community Resource Bank issue a money order?

Does Community Resource Bank do currency exchange?

Background on The Bank

Who owns Community Resource Bank?

How long has Community Resource Bank been around?

Can Community Resource Bank transfer to other banks?

Does Community Resource Bank have quick pay?

Does Community Resource Bank accept rolled coins?

Will Community Resource Bank accept loose change?

Where is Community Resource Bank headquarters?

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