Community Spirit Bank


200 4th Avenue Sw
Red Bay, AL 35582
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.85% →
1-Year CD 0.30% 0.75% →
2-Year CD 0.40% 0.80% →
5-Year CD 0.65% 1.25% →
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 Spirit Bank is an FDIC insured institution located in Red Bay, AL. It was founded in 1908 and has approximately $0.17 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 50
Date Established 1908
Assets $ 174.46 million
Loans $ 104.14 million
Deposits $ 153.61 million
Capital $ 17.40 million

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 - October 24, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.02% $100 - Learn More
Money Market
0.05% $2,500 $99,999 Learn More
6 Mo CD
0.20% $10,000 - Learn More
12 Mo CD
0.30% $10,000 - Learn More
18 Mo CD
0.35% $10,000 - Learn More
24 Mo CD
0.40% $10,000 - Learn More
36 Mo CD
0.47% $10,000 - Learn More
48 Mo CD
0.50% $10,000 - Learn More
60 Mo CD
0.65% $10,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1,000 - Learn MoreShow Less

Loan Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.904% 2.875%
0.38 points
$928 fees
$1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Community Spirit Bank
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Climate Initiatives

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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 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
5.57% 4.78%

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 June 30, 2021, Community Spirit Bank had $488,000 in non-current loans and $556,000 in owned real estate. To cover these potential losses it had $17,400,000 in equity and $1,351,000 in loans loss reserves. That gives it a Texas Ratio of 5.57%.

Return on Equity
Community Spirit Bank U.S. Bank Average
11.21% 11.29%

Community Spirit Bank has a Return on Equity of 11.21% versus the BestCashCow average of 11.29%. 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.

Community Spirit Bank U.S. Bank Average
9.97% 11.72%

Community Spirit Bank has a Capitalization of 9.97% versus the BestCashCow average of 11.72. 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 June 30, 2021, Community Spirit Bank had assets of $174,460,000, loans of $104,141,000, and deposits of $153,606,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 20.75 million
Interest-bearing balances $ 12.26 million
Total securities $ 36.72 million
Federal funds sold and reverse repurchase $ 3.37 million
Net loans and leases $ 104.14 million
Loan loss allowance $ 1.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.56 million
Goodwill and other intangibles N.A.
All other assets $ 6.30 million
     Total Assets $ 157.06 million
Total deposits $ 153.61 million
      Interest-bearing deposits $ 113.50 million
      Deposits held in domestic offices $ 153.61 million
      % insured (estimated) 84.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.69 million
Subordinated debt N.A.
All other liabilities $ 1.76 million
      Total Liabilities $ 157.06 million
      Shareholders’ Equity $ 17.40 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 3.63 million
Total Interest Expense $ 0.36 million
Net interest income $ 3.27 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.54 million
Total non interest expense $ 2.76 million
Pre-tax Net Operating Income $ 0.99 million

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.86
Credit Card Loans 0.72
Consumer Auto Loans 2.60
Small Business Loans 7.44
Construction and Development Loans 2.93
Commercial Real Estate 18.20
Commercial and Industrial Loans 20.18
Farm Loans 2.10

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?


Where are Community Spirit Bank locations?

See branch locations nearby.

Is Community Spirit Bank open on Saturdays?

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Will the Community Spirit Bank branch print checks?

Do Community Spirit Bank checks expire?

Does Community Spirit Bank require US citizenship to open account?

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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?

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Background on The Bank

Who owns Community Spirit Bank?

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