Commercial Bank (TN) is headquartered in Harrogate and is the 13th largest bank in the state of Tennessee. It is also the 631st largest bank in the nation. It was established in 1976 and as of December of 2021, it had grown to 266 employees at 35 locations. Commercial Bank (TN) has an A health rating.
I am a student at LMU and have been using Commercial Bank since moving to Harrogate in 2009. I chose CBTN because I needed local checks and they were the only bank around with a rewards checking account. One of the requirements for rewards checking is that you receive your statements online.
Let me tell you, Commercial Bank's online banking is an absolute failure. The password requirements are overbearing, with frequent changes. I write down what I change it to, every time, and it still locks me out all the time. I go to reset my password, and it tells me I don't have an account type that allows online password resets. When you can log in, it's not well-organized on the other side, and statements only last two months. How is that online record-keeping?
I have not enjoyed their service in person either. They're slow, they'll put holds on anything, etc. A bank check! - this isn't someone's personal check where you can worry about insufficient funds, but a check issued by a major bank itself based on actual funds.
It's been like this for the past three years. They did update their website during that time (it didn't help the password failures, just make the password requirements more onerous). I can't wait till graduation.
Overall | |
---|---|
FDIC Certificate # | 22354 |
Year Established | 1976 |
Employees | 266 |
Primary Regulator | FED |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.28% |
Return on Equity - YTD | 13.11% |
Annual Interest Income | $59.5MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $1.71B$1.61B |
Loans | Q4 2021vs Q4 2020 | $1.19B$1.23B |
Deposits | Q4 2021vs Q4 2020 | $1.45B$1.35B |
Equity Capital | Q4 2021vs Q4 2020 | $170.4MM$154.9MM |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $11.2MM$10.9MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $4.8MM$14.6MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $2.3MM$9.3MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | - | $15k | Kasasa Saver | ||
OTHER TIERS: 0.15% → $15k+ | |||||
0.05% | $5 | - | Christmas Savings | ||
0.05% | - | - | Simply Savings | ||
0.05% | $25 | - | Business Simply Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.55% | - | - | 60 Month Fixed IRA | |
0.55% | - | - | 60 Month Variable IRA | |
0.35% | - | - | 18 Month Fixed IRA | |
0.35% | - | - | 18 Month Variable IRA | |
0.30% | - | - | 13 Month Fixed IRA |