The Commercial and Savings Bank of Millersburg, Ohio

91 N Clay St
Millersburg, OH 44654

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 9139
Date Established 1879
Assets $0.73 billion
Loans $0.54 billion
Deposits $0.61 billion
Capital $0.08 billion

The Commercial and Savings Bank of Millersburg, Ohio is an FDIC insured institution located in Millersburg, OH. It was founded in 1879 and has approximately $0.73 billion in assets. Customers can open an account at one of its 16 branches.

For a more detailed analysis of The Commercial and Savings Bank of Millersburg, Ohio's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

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

Compared to other banks in Ohio, The Commercial and Savings Bank of Millersburg, Ohio has a significantly higher percent of Commercial and Industrial 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 34.20
Multifamily
Mortgages
1.86
Credit Card Loans 0.00
Consumer Auto Loans 0.85
Small Business Loans 10.59
Construction and Development Loans 5.77
Commercial Real Estate 30.68
Commercial and Industrial Loans 20.57
Farm Loans 0.67

Deposit Rates - May 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $5,000 $19,999 Learn MoreShow Less
Money Market
0.40% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.70% $500 $99,999 Learn MoreShow Less
0.80% $100,000 $249,999 Learn MoreShow Less
0.80% $500 $99,999 Learn MoreShow Less
0.90% $100,000 $249,999 Learn MoreShow Less
0.90% $500 $99,999 Learn MoreShow Less
1.00% $100,000 $249,999 Learn MoreShow Less
Special: 15 Mo CD
1.45% $1,000 $99,999 Learn MoreShow Less
Special: 15 Mo CD
1.50% $100,000 $249,999 Learn MoreShow Less
Special: 15 Mo CD
1.55% $250,000 - Learn MoreShow Less
1.00% $500 $99,999 Learn MoreShow Less
1.10% $100,000 $249,999 Learn MoreShow Less
1.25% $500 $99,999 Learn MoreShow Less
1.35% $100,000 $249,999 Learn MoreShow Less
Special: 25 Mo CD
1.75% $1,000 $99,999 Learn MoreShow Less
Special: 25 Mo CD
1.80% $100,000 $249,999 Learn MoreShow Less
Special: 25 Mo CD
1.85% $250,000 - Learn MoreShow Less
1.45% $500 $99,999 Learn MoreShow Less
1.55% $100,000 $249,999 Learn MoreShow Less
Special: 42 Mo CD
1.90% $1,000 $99,999 Learn MoreShow Less
Special: 42 Mo CD
1.95% $100,000 $249,999 Learn MoreShow Less
Special: 42 Mo CD
2.00% $250,000 - Learn MoreShow Less
1.65% $500 $99,999 Learn MoreShow Less
1.75% $100,000 $249,999 Learn MoreShow Less
1.95% $500 $99,999 Learn MoreShow Less
2.05% $100,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
0.90% $500 $99,999 Learn MoreShow Less
Special: 15 Mo FIRA
1.45% $1,000 $99,999 Learn MoreShow Less
Special: 15 Mo FIRA
1.50% $100,000 $249,999 Learn MoreShow Less
Special: 15 Mo FIRA
1.55% $250,000 - Learn MoreShow Less
Special: 25 Mo FIRA
1.75% $1,000 $99,999 Learn MoreShow Less
Special: 25 Mo FIRA
1.80% $100,000 $249,999 Learn MoreShow Less
Special: 25 Mo FIRA
1.85% $250,000 - Learn MoreShow Less
Special: 42 Mo FIRA
1.90% $1,000 $99,999 Learn MoreShow Less
Special: 42 Mo FIRA
1.95% $100,000 $249,999 Learn MoreShow Less
Special: 42 Mo FIRA
2.00% $250,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.90% $10 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - May 25, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.24% 4.24% $740.77
4 Year 4.24% 4.24% $567.17
5 Year 4.49% 4.49% $465.96
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The Commercial and Savings Bank of Millersburg, Ohio 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


The Commercial and Savings Bank of Millersburg, Ohio Locations


Financial Details

The Commercial and Savings Bank of Millersburg, Ohio Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Commercial and Savings Bank of Millersburg, Ohio. 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
The Commercial and Savings Bank of Millersburg, Ohio U.S. Bank Average
4.21% 6.97%

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 December 31, 2018, The Commercial and Savings Bank of Millersburg, Ohio had $3,329,000 in non-current loans and $99,000 in owned real estate. To cover these potential losses it had $75,422,000 in equity and $5,907,000 in loans loss reserves. That gives it a Texas Ratio of 4.21%.

Return on Equity
The Commercial and Savings Bank of Millersburg, Ohio U.S. Bank Average
13.52% 8.80%

The Commercial and Savings Bank of Millersburg, Ohio has a Return on Equity of 13.52% versus the BestCashCow average of 8.80%. 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
The Commercial and Savings Bank of Millersburg, Ohio U.S. Bank Average
10.31% 12.29%

The Commercial and Savings Bank of Millersburg, Ohio has a Capitalization of 10.31% versus the BestCashCow average of 12.29. 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.

The Commercial and Savings Bank of Millersburg, Ohio Balance Sheet Analysis

As of December 31, 2018, The Commercial and Savings Bank of Millersburg, Ohio had assets of $731,579,000, loans of $543,175,000, and deposits of $607,468,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.05 billion
Interest-bearing balances $0.02 billion
Total securities $0.11 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.54 billion
Loan loss allowance $0.01 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 $0.01 billion
All other assets $0.02 billion
     Total Assets $0.66 billion
LIABILITIES
Total deposits $0.61 billion
      Interest-bearing deposits $0.42 billion
      Deposits held in domestic offices $0.61 billion
      % insured (estimated) 83.55%
Federal funds purchased and repurchase agreements $0.04 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.66 billion
      Shareholders’ Equity $0.08 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.03 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About The Commercial And Savings Bank Of Millersburg, Ohio

Branches and Savings

Is The Commercial And Savings Bank Of Millersburg, Ohio FDIC insured?

Yes. It is covered under FDIC Certificate #9139.

Why does The Commercial And Savings Bank Of Millersburg, Ohio pay such low interest on savings accounts?

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

Why are The Commercial And Savings Bank Of Millersburg, Ohio CD rates not competitive?

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

Is The Commercial And Savings Bank Of Millersburg, Ohio a commercial bank?

Yes

Where are The Commercial And Savings Bank Of Millersburg, Ohio locations?

See branch locations nearby.

Is The Commercial And Savings Bank Of Millersburg, Ohio open on Saturdays?

Is The Commercial And Savings Bank Of Millersburg, Ohio open on Sundays?

What time does The Commercial And Savings Bank Of Millersburg, Ohio open?

What time does The Commercial And Savings Bank Of Millersburg, Ohio close?

Are The Commercial And Savings Bank Of Millersburg, Ohio ATMs Open 24/7?

Do The Commercial And Savings Bank Of Millersburg, Ohio ATMs accept cash deposits?

Can The Commercial And Savings Bank Of Millersburg, Ohio customers use other ATMs?

Do The Commercial And Savings Bank Of Millersburg, Ohio branches have notaries?

Will The Commercial And Savings Bank Of Millersburg, Ohio notarize my document?

What address for The Commercial And Savings Bank Of Millersburg, Ohio should I put for incoming ACH transfers?

Will the The Commercial And Savings Bank Of Millersburg, Ohio branch print checks?

Do The Commercial And Savings Bank Of Millersburg, Ohio checks expire?

Does The Commercial And Savings Bank Of Millersburg, Ohio require US citizenship to open account?

Can The Commercial And Savings Bank Of Millersburg, Ohio close my account?

Does The Commercial And Savings Bank Of Millersburg, Ohio Report to credit bureaus?

Does The Commercial And Savings Bank Of Millersburg, Ohio Use Equifax?

What is The Commercial And Savings Bank Of Millersburg, Ohio's ACH Routing Number?

What is The Commercial And Savings Bank Of Millersburg, Ohio's SWIFT code?

Products

Does The Commercial And Savings Bank Of Millersburg, Ohio offer mortgages?

Compare mortgage rates here.

Does The Commercial And Savings Bank Of Millersburg, Ohio offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Commercial And Savings Bank Of Millersburg, Ohio offer personal loans?

Compare personal loan rates here.

Does The Commercial And Savings Bank Of Millersburg, Ohio offer student loans?

Will The Commercial And Savings Bank Of Millersburg, Ohio cash a check?

Will The Commercial And Savings Bank Of Millersburg, Ohio redeem a savings bond?

Does The Commercial And Savings Bank Of Millersburg, Ohio cash savings bonds?

Will The Commercial And Savings Bank Of Millersburg, Ohio cash money orders?

Can The Commercial And Savings Bank Of Millersburg, Ohio issue a money order?

Does The Commercial And Savings Bank Of Millersburg, Ohio do currency exchange?

Background on The Bank

Who owns The Commercial And Savings Bank Of Millersburg, Ohio?

How long has The Commercial And Savings Bank Of Millersburg, Ohio been around?

Can The Commercial And Savings Bank Of Millersburg, Ohio transfer to other banks?

Does The Commercial And Savings Bank Of Millersburg, Ohio have quick pay?

Does The Commercial And Savings Bank Of Millersburg, Ohio accept rolled coins?

Will The Commercial And Savings Bank Of Millersburg, Ohio accept loose change?

Where is The Commercial And Savings Bank Of Millersburg, Ohio headquarters?

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