Overview / Commentary
Community Spirit Bank is headquartered in Red Bay and is the 69th largest bank in the state of Alabama. It is also the 3,328th largest bank in the nation. It was established in 1908 and as of March of 2021, it had grown to 37 employees at 6 locations. Community Spirit Bank has an A health rating.
Health
A
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 50 |
| Year Established | 1908 |
| Employees | 37 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.08% |
| Return on Equity - YTD | 10.69% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $173.8MM$152.0MM |
| Loans | Q1 2021vs Q1 2020 | $106.0MM$104.1MM |
| Deposits | Q1 2021vs Q1 2020 | $153.1MM$129.9MM |
| Equity Capital | Q1 2021vs Q1 2020 | $17.2MM$16.4MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.3MM$1.1MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $649.00K$36.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $580.00K$667.00K |