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

CommunityOne Bank

CommunityOne Bank Locations
101 Sunset Avenue
Asheboro, NC 27203
800-873-1172
www.community1.com

FDIC

CommunityOne Bank is headquartered in Asheboro and is the 13st largest bank in the state of North Carolina. It is also the 469th largest bank in the nation. It was established in 1907 and as of March of 2013, it had grown to 499 employees at 46 locations. CommunityOne Bank has a 1-star health rating.

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2008



Data for Q1 2013


Institution Statistics


Communityone Bank, National Association
FDIC Certificate #4879
BankRate ReportView
Year Established1907
Employees499
Primary RegulatorOCC

Assets and Liabilities

Assets$1.42 billion
Loans$814.11 million
Deposits$1.26 billion
Equity Capital$86.43 million
Loan Loss Allowance$23.43 million
Unbacked Noncurrent Loans$69.85 million
Real Estate Owned$31.60 million

Historic Data - March 2012

Assets$1.64 billion
Equity Capital$112.73 million
Loan Loss Allowance$39.73 million
Unbacked Noncurrent Loans$104.91 million
Real Estate Owned$88.27 million

Profit Margin - Quarterly

Net Interest Margin2.83%
Return on Assets-1.21%
Return on Equity-19.43%
Interest Income$11.37 million

Institution Health


Overall Score:
1 out of 5
1
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 March 31, 2013 CommunityOne Bank had $101.45 million in non-current loans and owned real-estate with $109.86 million in equity and loan loss allowances on hand to cover it. This gives CommunityOne Bank a Texas Ratio of 92.35% 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 CommunityOne Bank decreased slightly from 126.99% as of March 31, 2012 to 92.35% as of March 31, 2013, resulting in a positive change of 27.28%.This indicates that the balance sheet and financial strength for CommunityOne Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, CommunityOne Bank has decreased its total deposits by -$183.5 million, resulting in -12.73% 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 CommunityOne Bank has shown is poor.
Capitalization2
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. CommunityOne Bank has $1.42 billion in assets with $109.86 million in equity, resulting in a capitalization level of 7.71%, which is below average.
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Sell Mortgage To Unscrupulous Parties
2 stars - sb - Friday, February 17, 2012 - 10:38 AM

I had no problem with re-financing a mortgage with Community One.  However - they do not care who they sell that mortage to!    I am no longer with Community One through no fault of my own.  They sold my mortage to a nightmare.

3
 
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