Community State Bank


207 South Main Street
Paton, IA 50217
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Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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 State Bank is an FDIC insured institution located in Paton, IA. It was founded in 1956 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 17551
Date Established 1956
Assets $ 44.38 million
Loans $ 16.48 million
Deposits $ 35.09 million
Capital $ 9.12 million

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

Deposit Rates - October 30, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - October 30, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Community State 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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.542% 2.500% 0.50 $1,408 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Community State Bank
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Financial Details

Community State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community State 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 State Bank U.S. Bank Average
4.99% 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 State Bank had $467,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,117,000 in equity and $233,000 in loans loss reserves. That gives it a Texas Ratio of 4.99%.

Return on Equity
Community State Bank U.S. Bank Average
5.14% 7.80%

Community State Bank has a Return on Equity of 5.14% 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.

Community State Bank U.S. Bank Average
20.54% 12.68%

Community State Bank has a Capitalization of 20.54% 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 State Bank Balance Sheet Analysis

As of March 31, 2020, Community State Bank had assets of $44,383,000, loans of $16,482,000, and deposits of $35,086,000. 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
Cash & Balances due from depository institutions $ 3.56 million
Interest-bearing balances $ 2.67 million
Total securities $ 20.06 million
Federal funds sold and reverse repurchase $ 2.72 million
Net loans and leases $ 16.48 million
Loan loss allowance $ 0.23 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 $ 1.56 million
     Total Assets $ 35.27 million
Total deposits $ 35.09 million
      Interest-bearing deposits $ 26.99 million
      Deposits held in domestic offices $ 35.09 million
      % insured (estimated) 96.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.18 million
      Total Liabilities $ 35.27 million
      Shareholders’ Equity $ 9.12 million

Summary Income Statement

March 31, 2020
Total Interest Income $ 0.38 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.19 million
Pre-tax Net Operating Income $ 0.14 million

Bank Loan Profile?

The top three loan types in Community State Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Iowa, Community State Bank has a significantly higher percent of Farm 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 4.59
Credit Card Loans 0.00
Consumer Auto Loans 2.86
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 10.19
Commercial and Industrial Loans 9.66
Farm Loans 61.96

Frequently Asked Questions About Community State Bank

Branches and Savings

Is Community State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17551.

Why does Community State 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 State Bank CD rates not competitive?

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

Is Community State Bank a commercial bank?


Where are Community State Bank locations?

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Is Community State Bank open on Saturdays?

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Does Community State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Community State Bank offer personal loans?

Compare personal loan rates here.

Does Community State Bank offer student loans?

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Background on The Bank

Who owns Community State Bank?

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