Community & Southern Bank is headquartered in Atlanta and is the 6th largest bank in the state of Georgia. It is also the 269th largest bank in the nation. It was established in 2010 and as of December of 2013, it had grown to 528 employees at 38 locations. Community & Southern Bank has a A+ health rating.
This bank was decent while it was W Ga National Bank. Then it became First National. Still, acceptable. Good online banking, nice LOCAL people. Then, when it was shut down and reopened as Community & Southern it has steadly gone downhill. The online banking is USELESS and very old looking. It's almost like they went back 25 years with it. They are not local anymore. They do not fix things when things go wrong. They are hard to get in touch with. The only good thing is deposits are posted that day up until 4pm..unlike most banks...which have 2pm cutoffs. I am moving my money to Suntrust Bank. Not a local bank, but one that seems to be more current with their products. I hate hate hate hate hate this bank. It makes my blood boil to log onto their website.
It only gets 1 star because I have to give it one. but really, this is a no star bank.
I Bank with Community and Southern and It is hands down the worst bank I have ever had the displeasure of banking with. The steal your money and then refuse to fix a problem when they caused it! I would strongly suggest no one use this bank!
When it was West GA bank was a great local bank with great service. Not any more..
THEY WILL DO THERE BEST TO STEAL YOUR MONEY LIKE I SAID A BUNCH OF CROOKS TOLD MY WIFE THERE IN BUISNESS TO MAKE MONEY SO I TAKE THAT AS DOING ANYTHING POSSIBLE TO STEAL YOUR MONEY AND THEN LAUGH IN YOUR FACE WHEN YOU ASK THEM ABOUT IT
Branches no longer have a phone number. TWO days to credit direct deposit pay. Lost/stolen debit/credit card number goes straight to voicemail and you don't get a return call. It took me two days to report a lost card then I had to go through the hassel of disputing charges with VISA because the bank will no longer LOOK at the transactions in memo post from the time the card was lost. Direct deposit on Friday morning is credited on MONDAY morning but Friday withdrawals credit on Saturday at midnight????? Branches can't assist you anymore on any matter. It's ridiculous. I was with Appalachian Community Bank which was part of Gilmer County Bank. The CEO et all were arrested for fraudulent land deals and some other hefty charges. The Feds took over and sold us to Community and Southern. I would rather have our old frauds running the place. One star cuz I have to give a star.
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 & Southern Bank had $39.6 million in non-current loans and owned real-estate with $387.12 million in equity and loan loss allowances on hand to cover it. This gives Community & Southern Bank a Texas Ratio of 10.23% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Community & Southern Bank decreased dramatically from 24.44% as of December 31, 2012 to 10.23% as of December 31, 2013, resulting in a positive change of 58.14%.This indicates that the balance sheet and financial strength for Community & Southern Bank has improved dramatically in recent periods.
In the past year, Community & Southern Bank has increased its total deposits by $221.6 million, resulting in 10.67% 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 & Southern Bank has shown is excellent.
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 & Southern Bank has $2.81 billion in assets with $387.12 million in equity, resulting in a capitalization level of 13.80%, which is excellent.
|FDIC Certificate #||59010|
|Assets and Liabilities|
|Equity Capital||$356.58 million|
|Loan Loss Allowance||$30.54 million|
|Unbacked Noncurrent Loans||$38.60 million|
|Real Estate Owned||$1.00 million|
|Historic Data - December 2012|
|Equity Capital||$346.41 million|
|Loan Loss Allowance||$30.55 million|
|Unbacked Noncurrent Loans||$38.60 million|
|Real Estate Owned||$1.58 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.59%|
|Return on Assets||0.5%|
|Return on Equity||3.75%|
|Interest Income||$135.19 million|
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