1 star ratingAverage User Rating:
1 star rating based on 6 reviews.

Community & Southern Bank

Community & Southern Bank Locations
201 Maple Street
Carrollton, GA 30117
www.mycsbonline.com

FDIC


Community & Southern Bank is headquartered in Atlanta and is the 8th largest bank in the state of Georgia. It is also the 292nd largest bank in the nation. It was established in 2010 and as of December of 2012, it had grown to 565 employees at 36 locations. Community & Southern Bank has a 5-star health rating.


Data for Q4 2012


Institution Statistics


Community & Southern Bank
FDIC Certificate #59010
BankRate ReportView
Year Established2010
Employees565
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.58 billion
Loans$1.41 billion
Deposits$2.08 billion
Equity Capital$346.67 million
Loan Loss Allowance$30.55 million
Unbacked Noncurrent Loans$90.55 million
Real Estate Owned$1.58 million

Historic Data - December 2011

Assets$2.19 billion
Equity Capital$329.63 million
Loan Loss Allowance$42.81 million
Unbacked Noncurrent Loans$172.93 million
Real Estate Owned$22.19 million

Profit Margin - Quarterly

Net Interest Margin6.95%
Return on Assets0.58%
Return on Equity4.03%
Interest Income$137.36 million

Institution Health


Overall Score:
5 out of 5
5
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 December 31, 2012 Community & Southern Bank had $92.13 million in non-current loans and owned real-estate with $377.21 million in equity and loan loss allowances on hand to cover it. This gives Community & Southern Bank a Texas Ratio of 24.42% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Community & Southern Bank decreased significantly from 52.39% as of December 31, 2011 to 24.42% as of December 31, 2012, resulting in a positive change of 53.38%.This indicates that the balance sheet and financial strength for Community & Southern Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Community & Southern Bank has increased its total deposits by $386.64 million, resulting in 22.87% 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.
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 $2.58 billion in assets with $377.21 million in equity, resulting in a capitalization level of 14.62%, which is excellent.
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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.

12

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! 

10

Bunch Of Crooks!!!!!!! In BOWDON GA BRANCH
1 stars - BOWDON - Friday, August 17, 2012 - 1:39 PM

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

6

I Second The Motion; ZERO Star Bank
1 stars - jambaugh - Monday, December 3, 2012 - 10:27 AM

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.

2

Not A Community Bank
1 stars - doug69 - Thursday, April 25, 2013 - 9:36 PM

This bank is anything but a community bank.  I think FDIC did the community a huge disgrace by allowing the organization to take over so many banks.  They have taken over two seperate banks I used and trust me the other banks were a whole lot better.  I also would give this bank zero stars.

1

AWFUL !!! AWFUL !!! ZERO RATING
1 stars - samathx29 - Wednesday, February 20, 2013 - 5:24 PM

Theresa whom works at this bank in Carrolton is HORRIBLE!!!! I was on the phone with her for a straight 1/2 hour begging her to release the hold she put on my account that caused my account to go negative and not have money what so ever for several days. This hold was put on there because of a delinquent account I had 5 YEARS AGO!!! Of 120.00 that was done through Gilmer Bank that became Community Southern Bank. I then opened a savings account that I have had for 4 years - in great standing - and they decided to randomly withdraw 130.00 from my current account because they just happen to discover this all of a sudden 5 yrs later. I completely forgot about this Fee actually until I pulled my credit the day before they did this to me. It was not like I was not going to pay it off once I was able to... but atleast send me a letter of some sort to warn me that this will be happening! Dont make someones account negative all of a sudden out of no where! I am unable to get gas, or do anything - and I have a 1 yr old - single mom - and now have to wait Friday in order to get any money... UNBELIEVABLE!!!

1