1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Community & Southern Bank

Community & Southern Bank Locations
201 Maple Street
Carrollton, GA 30117



Community & Southern Bank is headquartered in Carrollton and is the 7th largest bank in the state of Georgia. It is also the 312st largest bank in the nation. It was established in 2010 and as of September of 2011, it had grown to 551 employees at 38 locations. Community & Southern Bank has a 2-star health rating.


Data for Q3 2011


Institution Statistics


Community & Southern Bank
FDIC Certificate #59010
BankRate ReportView
Year Established2010
Employees551
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.22 billion
Loans$918.23 million
Deposits$1.68 billion
Equity Capital$342.68 million
Loan Loss Allowance$40.55 million
Unbacked Noncurrent Loans$236.21 million
Real Estate Owned$125.56 million

Historic Data - September 2010

Assets$2.56 billion
Equity Capital$350.58 million
Loan Loss Allowance$152,000
Unbacked Noncurrent Loans$28,000
Real Estate Owned$188.53 million

Profit Margin - Quarterly

Net Interest Margin5.5%
Return on Assets0.39%
Return on Equity2.7%
Interest Income$81.78 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 Community & Southern Bank had $361.77 million in non-current loans and owned real-estate with $383.23 million in equity and loan loss allowances on hand to cover it. This gives Community & Southern Bank a Texas Ratio of 94.40% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Community & Southern Bank decreased slightly from 138.89% as of September 30, 2010 to 94.40% as of September 30, 2011, resulting in a positive change of 32.03%.This indicates that the balance sheet and financial strength for Community & Southern Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Community & Southern Bank has decreased its total deposits by -$333.45 million, resulting in -16.53% 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 poor.
Capitalization5
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 $2.22 billion in assets with $383.23 million in equity, resulting in a capitalization level of 17.28%, which is excellent.
Write Review

GONE DOWNHILL QUICKLY.
1 stars - chudson316 - Friday, May 13, 2011 - 12:47 PM

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.

5

This Bank Sucks!
1 stars - nikid - Saturday, November 19, 2011 - 10:16 AM

 

         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! 

3