Commerce Community Bank
Commerce Community Bank is headquartered in Oak Grove and is the 108th largest bank in the state of Louisiana. It is also the 4,698th largest bank in the nation. It was established in 1999 and as of December of 2018, it had grown to 14 employees at 2 locations. Commerce Community Bank has a B+ health rating.
Commerce Community Bank
Commerce Community Bank is very small. The faces there are friendly. Because it's such a small bank, employees know you by name. Customer service is, what I would consider, their strength.
Commerce is not up on the latest products. Commerce website is pretty out of date and could use a major upgrade. Their monthly fee for a checking account is $6 and I believe that it is way too expensive. IT takes a while to get checks when you order them. Last time I ordered checks, I waited about 4 to five weeks to get them.
As far as checking accounts go, Commerce has been on point. Every time I have put in an overnight deposit, it has been deposited promptly the next morning. Because it's such a small bank, deposits are quickly put in. There is seldom a line to wait in. Any time I have any type of issue, they address it.
Overall, I'd give it a solid three to three and a half.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35019 |
| Year Established | 1999 |
| Employees | 14 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.25% |
| Return on Equity - YTD | 13.67% |
| Annual Interest Income | $2.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $64.1MM$64.1MM |
| Loans | Q4 2018vs Q4 2017 | $31.8MM$30.8MM |
| Deposits | Q4 2018vs Q4 2017 | $58.3MM$58.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $5.6MM$5.7MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $352.00K$312.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $89.00K$0 |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$203.00K |
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| Commerce Community Bank Locations | ||
|---|---|---|
| The Eudora Bank Main Office Branch | 111 North Main Street | Eudora, AR 71640 |
| West Carroll Community Bank | 600 East Main Street | Oak Grove, LA 71263 |