Community Spirit Bank

Community Spirit Bank is headquartered in Red Bay and is the 82^nd largest bank in the state of Alabama. It is also the 4,059^th largest bank in the nation. It was established in 1908 and as of March of 2012, it had grown to 37 employees at 5 locations. Community Spirit Bank has a 5-star health rating.

Community Spirit Bank Routing Number: 062203476

Data for Q1 2012

Institution Statistics Community Spirit Bank FDIC Certificate # 50 BankRate Report View Year Established 1908 Employees 37 Primary Regulator FDIC Assets and Liabilities Assets $139.18 million Loans $82.17 million Deposits $122.58 million Equity Capital $11.99 million Loan Loss Allowance $1.03 million Unbacked Noncurrent Loans $76,000 Real Estate Owned $63,000 Historic Data - March 2011 Assets $109.01 million Equity Capital $8.60 million Loan Loss Allowance $874,000 Unbacked Noncurrent Loans $137,000 Real Estate Owned $168,000 Profit Margin - Quarterly Net Interest Margin 4.1% Return on Assets 0.98% Return on Equity 11.55% Interest Income $1.64 million

Institution Health Overall Score: 5 out of 5 Texas Ratio 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 March 31, 2012 Community Spirit Bank had $139,000 in non-current loans and owned real-estate with $13.02 million in equity and loan loss allowances on hand to cover it. This gives Community Spirit Bank a Texas Ratio of 1.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Community Spirit Bank decreased significantly from 3.22% as of March 31, 2011 to 1.07% as of March 31, 2012, resulting in a positive change of 66.84%.This indicates that the balance sheet and financial strength for Community Spirit Bank has improved significantly in recent periods. Deposit Growth In the past year, Community Spirit Bank has increased its total deposits by $26.35 million, resulting in 27.38% 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 Spirit Bank has shown is excellent. Capitalization 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 Spirit Bank has $139.18 million in assets with $13.02 million in equity, resulting in a capitalization level of 9.35%, which is average.

No reviews have been left for this bank yet. Be the first to review.