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800-873-1172
101 Sunset Avenue
Asheboro, NC 27203

CommunityOne Bank is headquartered in Asheboro and is the 9th largest bank in the state of North Carolina. It is also the 355th largest bank in the nation. It was established in 1907 and as of December of 2013, it had grown to 581 employees at 54 locations. CommunityOne Bank has a B health rating.

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Reviews (1)

Sell Mortgage To Unscrupulous Parties

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.



Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
C-

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 CommunityOne Bank had $88.59 million in non-current loans and owned real-estate with $168.77 million in equity and loan loss allowances on hand to cover it. This gives CommunityOne Bank a Texas Ratio of 52.49% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for CommunityOne Bank decreased dramatically from 107.83% as of December 31, 2012 to 52.49% as of December 31, 2013, resulting in a positive change of 51.32%.This indicates that the balance sheet and financial strength for CommunityOne Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, CommunityOne Bank has increased its total deposits by $455.73 million, resulting in 35.23% 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 excellent.

Capitalization

GRADE:
C

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 $1.98 billion in assets with $168.77 million in equity, resulting in a capitalization level of 8.51%, which is average.

Institution Statistics

Overall
FDIC Certificate #4879
Year Established1907
Employees581
Primary RegulatorOCC
Assets and Liabilities
Assets$1.98 billion
Loans$1.19 billion
Deposits$1.75 billion
Equity Capital$141.98 million
Loan Loss Allowance$26.79 million
Unbacked Noncurrent Loans$60.19 million
Real Estate Owned$28.40 million
Historic Data - December 2012
Assets$1.47 billion
Equity Capital$94.04 million
Loan Loss Allowance$23.36 million
Unbacked Noncurrent Loans$60.19 million
Real Estate Owned$47.78 million
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets0.02%
Return on Equity0.22%
Interest Income$74.99 million
Rates

Sorry, we do not have rate data for CommunityOne Bank

Locations

CommunityOne Bank has 53 locations. Click to view all CommunityOne Bank locations.