Community Security Bank

Headquarters

1100 1st Street, N.E.
New Prague, MN 56071
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
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 Security Bank is an FDIC insured institution located in New Prague, MN. It was founded in 1997 and has approximately $0.1 billion in assets.

Community Security Bank, New Prague, Minnesota, was closed July 23, 2010 by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Roundbank, Waseca, Minnesota, to assume all of the deposits of Community Security Bank.

FDIC Insured Yes
FDIC Certificate # 34486
Date Established 1997
Assets $ 113.92 million
Loans $ 84.60 million
Deposits $ 100.94 million
Capital $ 6.91 million
 

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

Deposit Rates - April 15, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - April 15, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Security 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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Test Advertiser QA
NMLS ID:
2.422% 2.375% 0.63 $1,562 $972 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.685% 2.625% 0.75 $1,975 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.368% 3.250% 1.00 $3,750 $1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Test Advertiser QA
Test Advertiser QA
See Table
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Community Security Bank
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Branches

Community Security 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 Security Bank Locations


Financial Details

Community Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Security 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 Security Bank U.S. Bank Average
236.44% 5.49%

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 December 31, 2020, Community Security Bank had $21,790,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,909,000 in equity and $2,307,000 in loans loss reserves. That gives it a Texas Ratio of 236.44%.

Return on Equity
Community Security Bank U.S. Bank Average
-39.44% 9.24%

Community Security Bank has a Return on Equity of -39.44% versus the BestCashCow average of 9.24%. 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 Security Bank U.S. Bank Average
6.06% 11.96%

Community Security Bank has a Capitalization of 6.06% versus the BestCashCow average of 11.96. 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 Security Bank Balance Sheet Analysis

As of November 30, -0001, Community Security Bank had assets of $100,649,000, loans of $84,596,000, and deposits of $100,938,000. 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

December 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 $ 84.60 million
Loan loss allowance $ 2.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 100.94 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 $ 113.92 million

Summary Income Statement

December 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 Security Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Community Security 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 Security Bank

Branches and Savings

Is Community Security Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34486.

Why does Community Security 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 Security Bank CD rates not competitive?

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

Is Community Security Bank a commercial bank?

Yes

Where are Community Security Bank locations?

See branch locations nearby.

Is Community Security Bank open on Saturdays?

Is Community Security Bank open on Sundays?

What time does Community Security Bank open?

What time does Community Security Bank close?

Are Community Security Bank ATMs Open 24/7?

Do Community Security Bank ATMs accept cash deposits?

Can Community Security Bank customers use other ATMs?

Do Community Security Bank branches have notaries?

Will Community Security Bank notarize my document?

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

Will the Community Security Bank branch print checks?

Do Community Security Bank checks expire?

Does Community Security Bank require US citizenship to open account?

Can Community Security Bank close my account?

Does Community Security Bank Report to credit bureaus?

Does Community Security Bank Use Equifax?

What is Community Security Bank's ACH Routing Number?

What is Community Security Bank's SWIFT code?

Products

Does Community Security Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Security Bank offer personal loans?

Compare personal loan rates here.

Does Community Security Bank offer student loans?

Will Community Security Bank cash a check?

Will Community Security Bank redeem a savings bond?

Does Community Security Bank cash savings bonds?

Will Community Security Bank cash money orders?

Can Community Security Bank issue a money order?

Does Community Security Bank do currency exchange?

Background on The Bank

Who owns Community Security Bank?

How long has Community Security Bank been around?

Can Community Security Bank transfer to other banks?

Does Community Security Bank have quick pay?

Does Community Security Bank accept rolled coins?

Will Community Security Bank accept loose change?

Where is Community Security Bank headquarters?

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