Community Spirit Bank

200 4th Avenue Sw
Red Bay, AL 35582

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 50
Date Established 1908
Assets $0.15 billion
Loans $0.10 billion
Deposits $0.13 billion
Capital $0.02 billion

Community Spirit Bank is an FDIC insured institution located in Red Bay, AL. It was founded in 1908 and has approximately $0.15 billion in assets. Customers can open an account at one of its 5 branches.

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

Deposit Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.23% $2,500 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.34% $10,000 - Learn MoreShow Less
6 Mo CD
0.40% $10,000 - Learn MoreShow Less
12 Mo CD
0.66% $10,000 - Learn MoreShow Less
18 Mo CD
0.67% $10,000 - Learn MoreShow Less
24 Mo CD
0.76% $10,000 - Learn MoreShow Less
36 Mo CD
0.89% $10,000 - Learn MoreShow Less
48 Mo CD
1.10% $10,000 - Learn MoreShow Less
60 Mo CD
1.25% $10,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.66% $1,000 $9,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.65% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - September 16, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Spirit 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Community Spirit Bank
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Branches

Community Spirit 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 Spirit Bank Locations


Financial Details

Community Spirit Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Spirit 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 Spirit Bank U.S. Bank Average
5.67% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Community Spirit Bank had $32,000 in non-current loans and $938,000 in owned real estate. To cover these potential losses it had $15,955,000 in equity and $1,139,000 in loans loss reserves. That gives it a Texas Ratio of 5.67%.

Return on Equity
Community Spirit Bank U.S. Bank Average
7.98% 9.47%

Community Spirit Bank has a Return on Equity of 7.98% versus the BestCashCow average of 9.47%. 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 Spirit Bank U.S. Bank Average
10.83% 12.49%

Community Spirit Bank has a Capitalization of 10.83% versus the BestCashCow average of 12.49. 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 Spirit Bank Balance Sheet Analysis

As of March 31, 2019, Community Spirit Bank had assets of $147,301,000, loans of $96,800,000, and deposits of $126,280,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.10 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.13 billion
LIABILITIES
Total deposits $0.13 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.13 billion
      % insured (estimated) 87.10%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.13 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Alabama, Community Spirit Bank has a significantly higher percent of Credit Card 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 37.92
Multifamily
Mortgages
0.70
Credit Card Loans 0.66
Consumer Auto Loans 2.71
Small Business Loans 0.00
Construction and Development Loans 3.01
Commercial Real Estate 14.49
Commercial and Industrial Loans 15.30
Farm Loans 2.83

Frequently Asked Questions About Community Spirit Bank

Branches and Savings

Is Community Spirit Bank FDIC insured?

Yes. It is covered under FDIC Certificate #50.

Why does Community Spirit 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 Spirit Bank CD rates not competitive?

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

Is Community Spirit Bank a commercial bank?

Yes

Where are Community Spirit Bank locations?

See branch locations nearby.

Is Community Spirit Bank open on Saturdays?

Is Community Spirit Bank open on Sundays?

What time does Community Spirit Bank open?

What time does Community Spirit Bank close?

Are Community Spirit Bank ATMs Open 24/7?

Do Community Spirit Bank ATMs accept cash deposits?

Can Community Spirit Bank customers use other ATMs?

Do Community Spirit Bank branches have notaries?

Will Community Spirit Bank notarize my document?

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

Will the Community Spirit Bank branch print checks?

Do Community Spirit Bank checks expire?

Does Community Spirit Bank require US citizenship to open account?

Can Community Spirit Bank close my account?

Does Community Spirit Bank Report to credit bureaus?

Does Community Spirit Bank Use Equifax?

What is Community Spirit Bank's ACH Routing Number?

What is Community Spirit Bank's SWIFT code?

Products

Does Community Spirit Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community Spirit Bank offer personal loans?

Compare personal loan rates here.

Does Community Spirit Bank offer student loans?

Will Community Spirit Bank cash a check?

Will Community Spirit Bank redeem a savings bond?

Does Community Spirit Bank cash savings bonds?

Will Community Spirit Bank cash money orders?

Can Community Spirit Bank issue a money order?

Does Community Spirit Bank do currency exchange?

Background on The Bank

Who owns Community Spirit Bank?

How long has Community Spirit Bank been around?

Can Community Spirit Bank transfer to other banks?

Does Community Spirit Bank have quick pay?

Does Community Spirit Bank accept rolled coins?

Will Community Spirit Bank accept loose change?

Where is Community Spirit Bank headquarters?

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