Community Southern Bank

Headquarters

3340 South Florida Avenue
Lakeland, FL 33803
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Community Southern Bank is an FDIC insured institution located in Lakeland, FL. It was founded in 2006 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58313
Date Established 2006
Assets $ 250.72 million
Loans $ 168.43 million
Deposits $ 189.48 million
Capital $ 27.92 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Southern 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
2.815% 2.750% 0.88 $2,118 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Community Southern Bank
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Branches

Community Southern 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 Southern Bank Locations


Financial Details

Community Southern Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Southern 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 Southern Bank U.S. Bank Average
2.07% 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 Southern Bank had $565,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $27,922,000 in equity and $1,792,000 in loans loss reserves. That gives it a Texas Ratio of 2.07%.

Return on Equity
Community Southern Bank U.S. Bank Average
4.13% 7.80%

Community Southern Bank has a Return on Equity of 4.13% 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 Southern Bank U.S. Bank Average
11.14% 12.68%

Community Southern Bank has a Capitalization of 11.14% 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 Southern Bank Balance Sheet Analysis

As of March 31, 2015, Community Southern Bank had assets of $250,717,000, loans of $168,434,000, and deposits of $189,481,000. 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 $ 168.43 million
Loan loss allowance $ 1.79 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 189.48 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 $ 250.72 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 Southern Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Florida, Community Southern Bank 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 19.25
Multifamily
Mortgages
0.87
Credit Card Loans 0.00
Consumer Auto Loans 0.04
Small Business Loans 21.19
Construction and Development Loans 9.26
Commercial Real Estate 47.82
Commercial and Industrial Loans 21.18
Farm Loans 0.17

Frequently Asked Questions About Community Southern Bank

Branches and Savings

Is Community Southern Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58313.

Why does Community Southern 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 Southern Bank CD rates not competitive?

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

Is Community Southern Bank a commercial bank?

Yes

Where are Community Southern Bank locations?

See branch locations nearby.

Is Community Southern Bank open on Saturdays?

Is Community Southern Bank open on Sundays?

What time does Community Southern Bank open?

What time does Community Southern Bank close?

Are Community Southern Bank ATMs Open 24/7?

Do Community Southern Bank ATMs accept cash deposits?

Can Community Southern Bank customers use other ATMs?

Do Community Southern Bank branches have notaries?

Will Community Southern Bank notarize my document?

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

Will the Community Southern Bank branch print checks?

Do Community Southern Bank checks expire?

Does Community Southern Bank require US citizenship to open account?

Can Community Southern Bank close my account?

Does Community Southern Bank Report to credit bureaus?

Does Community Southern Bank Use Equifax?

What is Community Southern Bank's ACH Routing Number?

What is Community Southern Bank's SWIFT code?

Products

Does Community Southern Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Southern Bank offer personal loans?

Compare personal loan rates here.

Does Community Southern Bank offer student loans?

Will Community Southern Bank cash a check?

Will Community Southern Bank redeem a savings bond?

Does Community Southern Bank cash savings bonds?

Will Community Southern Bank cash money orders?

Can Community Southern Bank issue a money order?

Does Community Southern Bank do currency exchange?

Background on The Bank

Who owns Community Southern Bank?

How long has Community Southern Bank been around?

Can Community Southern Bank transfer to other banks?

Does Community Southern Bank have quick pay?

Does Community Southern Bank accept rolled coins?

Will Community Southern Bank accept loose change?

Where is Community Southern Bank headquarters?

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