Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
200 Middle Neck Road
Great Neck, NY 11022

Community National Bank (NY) is headquartered in Great Neck and is the 52nd largest bank in the state of New York. It is also the 823rd largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 118 employees at 12 locations. Community National Bank (NY) has a A health rating.

Reviews (2)

WORST CUSTOMER SERVICE I HAVE EVER SEEN

I went to the New Hyde Park branch to make a simple deposit. I rang the teller at the drive thru 3 times and received no response. I then went into the bank and saw that there was one teller taking care of a customer with many cash deposits. I waited on line for 20 minutes. Not once did the teller look up at me to acknowledge my presence. All the rest of the people in the bank just sat around doing nothing. Do you think the teller could have asked someone else to help me knowing how long it was taking or do you think he would at least acknowledge me and tell me that he will be with me shortly??? Nothing. I left the bank without making my deposit. I went down the block to Chase who took my $8000.00 deposit in 30 seconds. 

What a branch full of do nothings!

Community National Bank (Long Island)

By far the worst bank I've ever been too. Their customer service is horrible and their bank "policies" are somewhat off-putting. Their branches are severely under-staffed and you could be waiting on line for 20 minutes or more if there's one person at the teller (which there always seems to be just ONE).

Would not recommend this "Fisher-Price" bank to anyone. Chase has quicker service and more than one teller.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Community National Bank (NY) had $1.17 million in non-current loans and owned real-estate with $81.01 million in equity and loan loss allowances on hand to cover it. This gives Community National Bank (NY) a Texas Ratio of 1.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Community National Bank (NY) decreased slightly from 1.85% as of December 31, 2012 to 1.45% as of December 31, 2013, resulting in a positive change of 21.69%.This indicates that the balance sheet and financial strength for Community National Bank (NY) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Community National Bank (NY) has increased its total deposits by $123.71 million, resulting in 21.96% 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 Community National Bank (NY) has shown is excellent.

Capitalization

GRADE:
B

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. Community National Bank (NY) has $818.58 million in assets with $81.01 million in equity, resulting in a capitalization level of 9.90%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57828
Year Established2005
Employees118
Primary RegulatorOCC
Assets and Liabilities
Assets$818.58 million
Loans$652.00 million
Deposits$687.05 million
Equity Capital$71.63 million
Loan Loss Allowance$9.38 million
Unbacked Noncurrent Loans$1.17 million
Real Estate Owned$0
Historic Data - December 2012
Assets$665.78 million
Equity Capital$71.80 million
Loan Loss Allowance$6.61 million
Unbacked Noncurrent Loans$1.17 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.84%
Return on Assets0.4%
Return on Equity4.11%
Interest Income$30.18 million
Rates

Sorry, we do not have rate data for Community National Bank (NY)

Locations

Community National Bank (NY) has 11 locations. Click to view all Community National Bank (NY) locations.