The Commercial Bank

Headquarters

4 Church Street
Honea Path, SC 29654
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.65% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

The Commercial Bank is an FDIC insured institution located in Honea Path, SC. It was founded in 1934 and has approximately $0.23 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 14642
Date Established 1934
Assets $ 226.54 million
Loans $ 65.54 million
Deposits $ 196.14 million
Capital $ 29.52 million
 

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

Deposit Rates - June 20, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Commercial 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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375%
1.00 points
$3,750 fees
$1,106 Learn More
Morty, Inc.
NMLS ID: 1429243
2.582% 2.500%
0.63 points
$2,700 fees
$988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info

Note to The Commercial Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

The Commercial 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


The Commercial Bank Locations


Financial Details

The Commercial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Commercial 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
The Commercial Bank U.S. Bank Average
3.5% 5.49%

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 December 31, 2020, The Commercial Bank had $1,073,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,515,000 in equity and $1,111,000 in loans loss reserves. That gives it a Texas Ratio of 3.5%.

Return on Equity
The Commercial Bank U.S. Bank Average
6.48% 9.24%

The Commercial Bank has a Return on Equity of 6.48% versus the BestCashCow average of 9.24%. 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 Bank U.S. Bank Average
13.03% 11.96%

The Commercial Bank has a Capitalization of 13.03% versus the BestCashCow average of 11.96. 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 Bank Balance Sheet Analysis

As of December 31, 2020, The Commercial Bank had assets of $226,536,000, loans of $65,541,000, and deposits of $196,136,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 37.95 million
Interest-bearing balances $ 25.03 million
Total securities $ 116.22 million
Federal funds sold and reverse repurchase $ 2.28 million
Net loans and leases $ 65.54 million
Loan loss allowance $ 1.11 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 $ 1.58 million
     Total Assets $ 197.02 million
LIABILITIES
Total deposits $ 196.14 million
      Interest-bearing deposits $ 137.42 million
      Deposits held in domestic offices $ 196.14 million
      % insured (estimated) 86.96%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.89 million
      Total Liabilities $ 197.02 million
      Shareholders’ Equity $ 29.52 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.87 million
Total Interest Expense $ 0.61 million
Net interest income $ 5.26 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.88 million
Total non interest expense $ 4.09 million
Pre-tax Net Operating Income $ 1.94 million

Bank Loan Profile?

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

Compared to other banks in South Carolina, The Commercial Bank has a significantly higher percent of Small Business 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 50.84
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.50
Small Business Loans 29.24
Construction and Development Loans 5.05
Commercial Real Estate 29.24
Commercial and Industrial Loans 6.81
Farm Loans 0.00

Frequently Asked Questions About The Commercial Bank

Branches and Savings

Is The Commercial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14642.

Why does The Commercial Bank 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 Bank CD rates not competitive?

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

Is The Commercial Bank a commercial bank?

Yes

Where are The Commercial Bank locations?

See branch locations nearby.

Is The Commercial Bank open on Saturdays?

Is The Commercial Bank open on Sundays?

What time does The Commercial Bank open?

What time does The Commercial Bank close?

Are The Commercial Bank ATMs Open 24/7?

Do The Commercial Bank ATMs accept cash deposits?

Can The Commercial Bank customers use other ATMs?

Do The Commercial Bank branches have notaries?

Will The Commercial Bank notarize my document?

What address for The Commercial Bank should I put for incoming ACH transfers?

Will the The Commercial Bank branch print checks?

Do The Commercial Bank checks expire?

Does The Commercial Bank require US citizenship to open account?

Can The Commercial Bank close my account?

Does The Commercial Bank Report to credit bureaus?

Does The Commercial Bank Use Equifax?

What is The Commercial Bank's ACH Routing Number?

What is The Commercial Bank's SWIFT code?

Products

Does The Commercial Bank offer mortgages?

Compare mortgage rates here.

Does The Commercial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Commercial Bank offer personal loans?

Compare personal loan rates here.

Does The Commercial Bank offer student loans?

Will The Commercial Bank cash a check?

Will The Commercial Bank redeem a savings bond?

Does The Commercial Bank cash savings bonds?

Will The Commercial Bank cash money orders?

Can The Commercial Bank issue a money order?

Does The Commercial Bank do currency exchange?

Background on The Bank

Who owns The Commercial Bank?

How long has The Commercial Bank been around?

Can The Commercial Bank transfer to other banks?

Does The Commercial Bank have quick pay?

Does The Commercial Bank accept rolled coins?

Will The Commercial Bank accept loose change?

Where is The Commercial Bank headquarters?

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