The Commercial and Savings Bank of Millersburg, Ohio is headquartered in MILLERSBURG and is the 31st largest bank in the state of Ohio. It is also the 893rd largest bank in the nation. It was established in 1879 and as of March of 2023, it had grown to 170 employees at 16 locations. The Commercial and Savings Bank of Millersburg, Ohio's money market rates are 5X the national average, and it has an A health rating.
I am a member of a local small scale banking institution. I have been a member of this bank for more than ten years. Although all financial institutions have a plus side and a minus side I intend to stay right where I currently conduct business. Large scale banks do not appeal to me in that I was looking for a more personal experience when I chose Commercial Savings Bank. I wanted to be more than just another social security number. As a child I witnessed my parents bank employees knowing them by first name. I wanted this for myself also. Commercial Savings Bank has some policies that I like very much. One of them is their personable and professional attitude. I like the fact that they know who I am. Commercial Savings bank has products available that are very helpful to me. Free online banking is one of them. Another is totally free banking when a customer uses direct deposit. This saves me in the long run with transaction fees and cost of hard checks being eliminated. Another huge plus is their Saturday hours. I can sleep in on my day off and still have time to get to the bank if I need to for business needs. Also, my deposits are posted on the same business day which is huge in my opinion. These are some of the reasons I chose a small bank over a large one.
Overall | |
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FDIC Certificate # | 9139 |
Year Established | 1879 |
Employees | 170 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.4% |
Return on Equity - YTD | 16.7% |
Annual Interest Income | $10.6MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $1.14B$1.13B |
Loans | Q1 2023vs Q1 2022 | $641.5MM$560.5MM |
Deposits | Q1 2023vs Q1 2022 | $1.01B$996.0MM |
Equity Capital | Q1 2023vs Q1 2022 | $98.3MM$93.6MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $6.3MM$7.3MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $218.00K$1.2MM |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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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 |
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0.15% | $1k | - | Interest Checking Account | |
0.15% | $1k | - | Business Interest Checking |