Community South Bank

Headquarters

51 West Main Street
Parsons, TN 38363
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 South Bank is an FDIC insured institution located in Parsons, TN. It was founded in 1968 and has approximately $0.39 billion in assets.

FDIC Insured Yes
FDIC Certificate # 19849
Date Established 1968
Assets $ 386.91 million
Loans $ 258.91 million
Deposits $ 377.67 million
Capital $ 5.12 million
 

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

Deposit Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - November 29, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community South 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

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2.687% 2.625% 0.63 $2,015 $1,005 Learn More
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NMLS ID: 2890
License#: 13256
2.557% 2.500% 0.75 $1,880 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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4.000 %
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Note to Community South Bank
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Branches

Community South 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 South Bank Locations


Financial Details

Community South Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community South 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 South Bank U.S. Bank Average
648.37% 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 South Bank had $41,474,000 in non-current loans and $42,892,000 in owned real estate. To cover these potential losses it had $5,116,000 in equity and $7,896,000 in loans loss reserves. That gives it a Texas Ratio of 648.37%.

Return on Equity
Community South Bank U.S. Bank Average
-141.46% 7.80%

Community South Bank has a Return on Equity of -141.46% 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 South Bank U.S. Bank Average
1.32% 12.68%

Community South Bank has a Capitalization of 1.32% 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 South Bank Balance Sheet Analysis

As of June 30, 2013, Community South Bank had assets of $386,908,000, loans of $258,914,000, and deposits of $377,672,000. 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 $ 258.91 million
Loan loss allowance $ 7.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 42.89 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 377.67 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 $ 386.91 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 South Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Tennessee, Community South Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 14.17
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.33
Small Business Loans 16.91
Construction and Development Loans 5.45
Commercial Real Estate 72.78
Commercial and Industrial Loans 5.92
Farm Loans 0.31

Frequently Asked Questions About Community South Bank

Branches and Savings

Is Community South Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19849.

Why does Community South 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 South Bank CD rates not competitive?

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

Is Community South Bank a commercial bank?

Yes

Where are Community South Bank locations?

See branch locations nearby.

Is Community South Bank open on Saturdays?

Is Community South Bank open on Sundays?

What time does Community South Bank open?

What time does Community South Bank close?

Are Community South Bank ATMs Open 24/7?

Do Community South Bank ATMs accept cash deposits?

Can Community South Bank customers use other ATMs?

Do Community South Bank branches have notaries?

Will Community South Bank notarize my document?

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

Will the Community South Bank branch print checks?

Do Community South Bank checks expire?

Does Community South Bank require US citizenship to open account?

Can Community South Bank close my account?

Does Community South Bank Report to credit bureaus?

Does Community South Bank Use Equifax?

What is Community South Bank's ACH Routing Number?

What is Community South Bank's SWIFT code?

Products

Does Community South Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community South Bank offer personal loans?

Compare personal loan rates here.

Does Community South Bank offer student loans?

Will Community South Bank cash a check?

Will Community South Bank redeem a savings bond?

Does Community South Bank cash savings bonds?

Will Community South Bank cash money orders?

Can Community South Bank issue a money order?

Does Community South Bank do currency exchange?

Background on The Bank

Who owns Community South Bank?

How long has Community South Bank been around?

Can Community South Bank transfer to other banks?

Does Community South Bank have quick pay?

Does Community South Bank accept rolled coins?

Will Community South Bank accept loose change?

Where is Community South Bank headquarters?

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