CNB Bank Direct
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I Have Had An Account With CNB Bank Direct For Over A Year
I have had an account with CNB Bank Direct for over a year. The inital setup process took longer than expected, but once the account was set up, it worked okay. The online access system is no-frills but usable. You can only transfer back to the account you used to set up the account, so make certain you fund from the right account with your opening deposit. The interest rate has been very good, but not the best available. ACH transfers happen very quickly so that is a plus with this account. It is possible to pull money out of this account if you issue the instruction from another bank, but CNB doesn't like to tell you that.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6531 |
| Year Established | 1920 |
| Employees | 159 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.93% |
| Return on Equity - YTD | 20.76% |
| Annual Interest Income | $18.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $820.0MM$802.3MM |
| Loans | Q2 2018vs Q2 2017 | $658.6MM$635.4MM |
| Deposits | Q2 2018vs Q2 2017 | $566.4MM$545.0MM |
| Equity Capital | Q2 2018vs Q2 2017 | $75.2MM$73.1MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $9.5MM$9.1MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $1.4MM$8.0MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $693.00K$1.4MM |
Rates for CNB Bank Direct are currently being reviewed.
CNB Bank Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 102 South Main Street - Bluffton, OH 45817