Community National Bank (KS) is headquartered in Seneca and is the 28th largest bank in the state of Kansas. It is also the 1,576th largest bank in the nation. It was established in 1984 and as of June of 2020, it had grown to 70 employees at 4 locations. Community National Bank (KS) has a B health rating.
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Horrible Experience Trying To Set Up An Account
Took almost three weeks before they finally told me they would not set up a custodial account. Gave me and others the runaround and were very evasive when asked why they were operating in such a manner. I would not, and did not, do business with this entity. BEWARE!!!
Major Run-Around
I have had an IRA account at the Community National Bank in Seneca, KS for many years and, although they were years behind in setting up online services, I had no complaint with them.
In October, 2015 I submitted paperwork to have my IRA transferred to a different brokerage house and they have either ignored or returned my paperwork several times, claiming to need more information.
I have provided the information, based on paperwork they have previously sent to me, twice and again they have returned the same forms to me asking for the identical information yet again.
It is February 2, 2016 and they are still holding my IRA funds. Of course, by this time, I have incurred another annual maintenance fee.
Coincidence? I think not.
I believe this is their way of extracting monies from individuals and holding onto those monies at their sole discretion.
Please beware of this bank and the methods they are using.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25665 |
| Year Established | 1984 |
| Employees | 70 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.02% |
| Return on Equity - YTD | 21.58% |
| Annual Interest Income | $8.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $511.5MM$470.3MM |
| Loans | Q2 2020vs Q2 2019 | $195.0MM$171.0MM |
| Deposits | Q2 2020vs Q2 2019 | $402.4MM$398.4MM |
| Equity Capital | Q2 2020vs Q2 2019 | $48.7MM$42.4MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $2.8MM$2.3MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $5.5MM$2.0MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $692.00K$692.00K |