3 starsAverage User Rating:
Based on 1 user review.

CNB Bank Direct

102 South Main Street
Blufton, OH 45817
1-877-777-9358
www.cnbbankdirect.com



CNB Bank Direct is headquartered in Bluffton and is the 35th largest bank in the state of Ohio. It is also the 1,165th largest bank in the nation. It was established in 1920 and as of September of 2011, it had grown to 143 employees at 10 locations. CNB Bank Direct's savings rates are 63% higher than the national average, and it has a 3-star health rating.

Related Posts

CNB Bank Direct - RATE DROPS - To 0.90 APY (Forum) - 12/24/2011

  Terrible news.  One of the leading banks in terms of rates has just dropped their APY to 0.90% as of 12/24/2011.   I originally has Emigrant Direct until a few years ago when their rates fell and I switched to CNB BANK Direct. 

Competitive CD Rates at CNBBankDirect - Available Nationwide - 1/26/2011

Earlier this month CNBBankDirect reduced its CD rates, but its rates remained competitive. As of 1/26/2011, the rates are 1.35% APY for 1 year, 1.50% APY for 18 months and 1.65% APY 2 years. The 18-mo ...

CNB Bank Direct Cuts Savings Account Rate To 1.20% APY (Forum) - 11/17/2010

The rate has fallen from 1.25% to 1.20% APY. CNB Bank Direct was the internet bank that offered 4% guaranteed for 6 months back in late 2008. They remained fairly competitive in 2009 and early 2010, but they are becoming less competitive.

Top Internet CD Rates at CNB Bank Direct - Available Nationwide - 10/20/2010

CNB Bank Direct continues to offer three competitive mid-term CD rates: 1.50% APY for 1 year, 1.65% APY for 18 months and 1.85% APY for 2 years. These may seem low, but I'm afraid they're competitive ...

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See Rates for: Savings | CD

CNB Bank Direct Savings Account Rates

ApyMinMaxProduct
0.85%--High Yield Savings

CNB Bank Direct CD Rates

ApyMinMaxProduct
1.20%$25k-24 Month CD
1.05%$25k-18 Month CD
1.00%$25k-12 Month CD

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


The Citizens National Bank of Bluffton
FDIC Certificate #6531
BankRate ReportView
Year Established1920
Employees143
Primary RegulatorOCC

Assets and Liabilities

Assets$573.82 million
Loans$405.46 million
Deposits$406.34 million
Equity Capital$53.21 million
Loan Loss Allowance$5.10 million
Unbacked Noncurrent Loans$8.69 million
Real Estate Owned$1.67 million

Historic Data - September 2010

Assets$553.04 million
Equity Capital$48.78 million
Loan Loss Allowance$4.63 million
Unbacked Noncurrent Loans$9.81 million
Real Estate Owned$664,000

Profit Margin - Quarterly

Net Interest Margin4.29%
Return on Assets1.96%
Return on Equity21.58%
Interest Income$21.83 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 CNB Bank Direct had $10.36 million in non-current loans and owned real-estate with $58.31 million in equity and loan loss allowances on hand to cover it. This gives CNB Bank Direct a Texas Ratio of 17.76% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for CNB Bank Direct held steady from 19.68% as of September 30, 2010 to 17.76% as of September 30, 2011, resulting in a positive change of 9.78%.This indicates that the balance sheet and financial strength for CNB Bank Direct has held steady in recent periods.
Deposit Growth3
In the past year, CNB Bank Direct has increased its total deposits by $3.97 million, resulting in 0.99% 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 CNB Bank Direct has shown is average.
Capitalization4
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. CNB Bank Direct has $573.82 million in assets with $58.31 million in equity, resulting in a capitalization level of 10.16%, which is above average.
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I Have Had An Account With CNB Bank Direct For Over A Year
3 stars - Anonymous - Friday, June 4, 2010 - 1:42 PM

I have had an account with CNB Bank Direct for over a year. The inital setup process took longer than expected, but once the account was set up, it worked okay. The online access system is no-frills but usable. You can only transfer back to the account you used to set up the account, so make certain you fund from the right account with your opening deposit. The interest rate has been very good, but not the best available. ACH transfers happen very quickly so that is a plus with this account. It is possible to pull money out of this account if you issue the instruction from another bank, but CNB doesn't like to tell you that.

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