CBC National Bank is headquartered in Fernandina Beach and is the 64th largest bank in the state of Florida. It is also the 1,749th largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 323 employees at 6 locations. CBC National Bank has a B health rating.
Miss-information, broken promises, six months wasted and thousands of dollars gone.
PLEASE spare yourself and go elsewhere for your mortgage needs. Our experience was a disastrous joke.
I started the loan process with this bank over a month back. I was offered a loan with no closing costs whatsoever, and a competitive rate. After sending in all the documentation they needed, I received an estimate that had almost 2k in fees. I argued this point with them reminding them of the agreements they made with me (they contacted me). They said they would honor the agreement, but had to raise the interest rate .125% to accomplish this. I told them no more games and they agreed. I was contacted a week later by email and told they could not honor the agreed upon rate with such a low amount financed (about 100K). I have noticed this bank will try to slip in fees when you are not looking and will not honor their word. I have dealt with many banks and never had this bad of an experience.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 CBC National Bank had $13.06 million in non-current loans and owned real-estate with $45.94 million in equity and loan loss allowances on hand to cover it. This gives CBC National Bank a Texas Ratio of 28.44% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for CBC National Bank decreased dramatically from 47.37% as of December 31, 2012 to 28.44% as of December 31, 2013, resulting in a positive change of 39.95%.This indicates that the balance sheet and financial strength for CBC National Bank has improved dramatically in recent periods.
In the past year, CBC National Bank has decreased its total deposits by -$45.84 million, resulting in -13.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth CBC National Bank has shown is poor.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. CBC National Bank has $375.2 million in assets with $45.94 million in equity, resulting in a capitalization level of 12.24%, which is excellent.
|FDIC Certificate #||35309|
|Assets and Liabilities|
|Equity Capital||$41.66 million|
|Loan Loss Allowance||$4.27 million|
|Unbacked Noncurrent Loans||$1.52 million|
|Real Estate Owned||$11.55 million|
|Historic Data - December 2012|
|Equity Capital||$42.54 million|
|Loan Loss Allowance||$4.68 million|
|Unbacked Noncurrent Loans||$1.52 million|
|Real Estate Owned||$13.52 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.28%|
|Return on Assets||0.45%|
|Return on Equity||4.27%|
|Interest Income||$16.07 million|
Always verify rates and promotions with the bank or credit union. We are not CBC National Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.40%||$50k||-||Health Savings Account|
|0.40%||$50k||-||Money Market Investor|
|0.40%||$50k||-||Business Money Market Investor|
|0.05%||$100||-||Business Interest Checking|
|1.50%||$1k||-||60 Month CD|
|1.25%||$1k||-||48 Month CD|
|1.00%||$1k||-||36 Month CD|
|0.70%||$1k||-||24 Month CD|
|0.60%||$1k||-||18 Month CD|
|0.45%||$1k||-||12 Month CD|
|0.25%||$1k||-||182 Day CD|
|0.10%||$1k||-||91 Day CD|
|1.50%||$1k||-||60 Month IRA (Traditional,Roth)|
|1.25%||$1k||-||48 Month IRA (Traditional,Roth)|
|1.00%||$1k||-||36 Month IRA (Traditional,Roth)|
|0.70%||$1k||-||24 Month IRA (Traditional,Roth)|
|0.60%||$1k||-||18 Month IRA (Traditional,Roth)|
|0.45%||$1k||-||12 Month IRA (Traditional,Roth)|
|0.45%||$100||-||18 Month Variable IRA (Traditional,Roth)|
|CBC National Bank Locations|
|Port Royal Branch||1700 Ribaut Road||Port Royal, SC 29935|
|Www.cbcnationalbank.com Branch||1891 S 14th Street||Fernandina Beach, FL 32034|
|CBC National Bank||1891 South 14th Street||Fernandina Beach, FL 32034|
|Meigs Branch||2023 East Depot Street||Meigs, GA 31765|
|Sea Island Branch||36 Sea Island Parkway||Beaufort, SC 29907|