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423-587-2345
225 West First North Street
Morristown, TN 37814

Community National Bank of the Lakeway Area is headquartered in Morristown and is the 143rd largest bank in the state of Tennessee. It is also the 4,431st largest bank in the nation. It was established in 2003 and as of December of 2013, it had grown to 32 employees at 3 locations. Community National Bank of the Lakeway Area has a B+ health rating.

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This Deal Is Only Avaliable In Tn

Community National Bank is currently only accepting applications from residents within Tennessee. Before proceeding with this application, you must input the zip code of your residence and confirm your eligibility below:

The Ceiling Has Dropped

The ceiling has dropped from 25K to 10K for the max interest



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 of the Lakeway Area had $1.74 million in non-current loans and owned real-estate with $11.69 million in equity and loan loss allowances on hand to cover it. This gives Community National Bank of the Lakeway Area a Texas Ratio of 14.89% which is above average. 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 of the Lakeway Area decreased slightly from 18.51% as of December 31, 2012 to 14.89% as of December 31, 2013, resulting in a positive change of 19.55%.This indicates that the balance sheet and financial strength for Community National Bank of the Lakeway Area has improved slightly in recent periods.

Deposit Growth

GRADE:
A

In the past year, Community National Bank of the Lakeway Area has increased its total deposits by $3.58 million, resulting in 3.91% 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 of the Lakeway Area 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 of the Lakeway Area has $113.23 million in assets with $11.69 million in equity, resulting in a capitalization level of 10.32%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57445
Year Established2003
Employees32
Primary RegulatorOCC
Assets and Liabilities
Assets$113.23 million
Loans$61.03 million
Deposits$95.19 million
Equity Capital$10.82 million
Loan Loss Allowance$867,000
Unbacked Noncurrent Loans$654,000
Real Estate Owned$1.09 million
Historic Data - December 2012
Assets$112.15 million
Equity Capital$12.09 million
Loan Loss Allowance$1.07 million
Unbacked Noncurrent Loans$654,000
Real Estate Owned$1.54 million
Profit Margin - Quarterly
Net Interest Margin3.7%
Return on Assets0.05%
Return on Equity0.45%
Interest Income$4.28 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Community National Bank of the Lakeway Area, we are a rate comparison website and can not provide official rates or promotions.

Community National Bank of the Lakeway Area Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Community Saver
0.30%$100k-Super Saver Account
0.15%--Savings
0.05%--Community Saver

Community National Bank of the Lakeway Area Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Money Market

Community National Bank of the Lakeway Area Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$10kCommunity Cash
0.08%$100k-Interest Checking
0.05%--Community Cash

Community National Bank of the Lakeway Area CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$2,500-5 Year CD
1.05%$2,500-4 Year CD
0.85%$2,500-3 Year CD
0.55%$2,500-2 Year CD
0.35%$2,500-1 Year CD
0.25%$2,500-6 Month CD

Community National Bank of the Lakeway Area IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$500-5 Year IRA
1.05%$500-4 Year IRA
0.85%$500-3 Year IRA
0.55%$500-2 Year IRA
0.35%$500-1 Year IRA
0.25%$500-6 Month IRA
Locations


Community National Bank of the Lakeway Area Locations
Jefferson City Branch156 East Broadway BoulevardJefferson City, TN 37760
Community National Bank Of The Lakeway Area225 West First North StreetMorristown, TN 37814
West Andrew Johnson Branch2640 West Andrew Johnson HighwayMorristown, TN 37814