CommunitySouth Bank and Trust

Headquarters

6650 Calhoun Memorial Highway
Easley, SC 29640
See all branch locations →

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

CommunitySouth Bank and Trust is an FDIC insured institution located in Easley, SC. It was founded in 2005 and has approximately $0.34 billion in assets.

CommunitySouth Bank and Trust, Easley, South Carolina, was closed on January 21, 2011 by the South Carolina State Board of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CertusBank, National Association, Easley, South Carolina, a newly-chartered bank subsidiary of Blue Ridge Holdings, Inc., Charlotte, North Carolina, to assume all of the deposits of CommunitySouth Bank and Trust.

FDIC Insured Yes
FDIC Certificate # 57868
Date Established 2005
Assets $ 340.99 million
Loans $ 207.10 million
Deposits $ 314.25 million
Capital N.A.
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CommunitySouth Bank and Trust

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
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia 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
2.240 %
$0 Learn More
More Info

Note to CommunitySouth Bank and Trust
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Branches

CommunitySouth Bank and Trust 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:
Ashburn,Virginia


CommunitySouth Bank and Trust Locations


Financial Details

CommunitySouth Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CommunitySouth Bank and Trust. 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
CommunitySouth Bank and Trust U.S. Bank Average
853.91% 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, CommunitySouth Bank and Trust had $33,726,000 in non-current loans and $11,275,000 in owned real estate. To cover these potential losses it had $-4,382,000 in equity and $9,652,000 in loans loss reserves. That gives it a Texas Ratio of 853.91%.

Return on Equity
CommunitySouth Bank and Trust U.S. Bank Average
-223.04% 7.80%

CommunitySouth Bank and Trust has a Return on Equity of -223.04% 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
CommunitySouth Bank and Trust U.S. Bank Average
-1.29% 12.68%

CommunitySouth Bank and Trust has a Capitalization of -1.29% 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.

CommunitySouth Bank and Trust Balance Sheet Analysis

As of December 31, 2010, CommunitySouth Bank and Trust had assets of $340,986,000, loans of $207,100,000, and deposits of $314,250,000. 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 $ 207.10 million
Loan loss allowance $ 9.65 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 11.28 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 314.25 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 $ 340.99 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 CommunitySouth Bank and Trust’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, CommunitySouth Bank and Trust’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Communitysouth Bank And Trust

Branches and Savings

Is Communitysouth Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #57868.

Why does Communitysouth Bank And Trust pay such low interest on savings accounts?

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

Why are Communitysouth Bank And Trust CD rates not competitive?

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

Is Communitysouth Bank And Trust a commercial bank?

Yes

Where are Communitysouth Bank And Trust locations?

See branch locations nearby.

Is Communitysouth Bank And Trust open on Saturdays?

Is Communitysouth Bank And Trust open on Sundays?

What time does Communitysouth Bank And Trust open?

What time does Communitysouth Bank And Trust close?

Are Communitysouth Bank And Trust ATMs Open 24/7?

Do Communitysouth Bank And Trust ATMs accept cash deposits?

Can Communitysouth Bank And Trust customers use other ATMs?

Do Communitysouth Bank And Trust branches have notaries?

Will Communitysouth Bank And Trust notarize my document?

What address for Communitysouth Bank And Trust should I put for incoming ACH transfers?

Will the Communitysouth Bank And Trust branch print checks?

Do Communitysouth Bank And Trust checks expire?

Does Communitysouth Bank And Trust require US citizenship to open account?

Can Communitysouth Bank And Trust close my account?

Does Communitysouth Bank And Trust Report to credit bureaus?

Does Communitysouth Bank And Trust Use Equifax?

What is Communitysouth Bank And Trust's ACH Routing Number?

What is Communitysouth Bank And Trust's SWIFT code?

Products

Does Communitysouth Bank And Trust offer mortgages?

Compare mortgage rates here.

Does Communitysouth Bank And Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Communitysouth Bank And Trust offer personal loans?

Compare personal loan rates here.

Does Communitysouth Bank And Trust offer student loans?

Will Communitysouth Bank And Trust cash a check?

Will Communitysouth Bank And Trust redeem a savings bond?

Does Communitysouth Bank And Trust cash savings bonds?

Will Communitysouth Bank And Trust cash money orders?

Can Communitysouth Bank And Trust issue a money order?

Does Communitysouth Bank And Trust do currency exchange?

Background on The Bank

Who owns Communitysouth Bank And Trust?

How long has Communitysouth Bank And Trust been around?

Can Communitysouth Bank And Trust transfer to other banks?

Does Communitysouth Bank And Trust have quick pay?

Does Communitysouth Bank And Trust accept rolled coins?

Will Communitysouth Bank And Trust accept loose change?

Where is Communitysouth Bank And Trust headquarters?

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