Central State Bank

Headquarters

11025 Highway 25
Calera, AL 35040
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.05% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

Central State Bank is an FDIC insured institution located in Calera, AL. It was founded in 1916 and has approximately $0.63 billion in assets. Customers can open an account at one of its 5 branches.


FDIC Insured	Yes
FDIC Certificate	# 72
Date Established	1916
Assets	$ 628.23 million
Loans	$ 404.97 million
Deposits	$ 568.26 million
Capital	$ 54.78 million

For a more detailed analysis of Central State Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

Loan Rates - December 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Central State Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.494%	6.375% 0.75 points $4,000 fees	$1,997	Learn More
NMLS ID: 1025894	6.863%	6.750% 1.00 points $3,705 fees	$2,076	Learn More
NMLS ID: 401822	7.034%	6.875% 1.00 points $5,195 fees	$2,103	Learn More
NMLS ID: 3030	7.325%	7.250% 0.75 points $2,400 fees	$2,183	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to Central State Bank
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Branches

Central State Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio

Central State Bank Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Pelham Branch	503.38	A	View Lobby Hours
Alabaster Office Branch	508.35	B	View Lobby Hours
Limestone Office Branch	513.35	C	View Lobby Hours
Calera Branch	513.35	D	View Lobby Hours
Central State Bank	513.89	E	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

Central State Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

Central State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central State Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio

Central State Bank	U.S. Bank Average
2.07%	4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Central State Bank had $710,000 in non-current loans and $532,000 in owned real estate. To cover these potential losses it had $54,783,000 in equity and $5,178,000 in loans loss reserves. That gives it a Texas Ratio of 2.07%.

Return on Equity

Central State Bank	U.S. Bank Average
17.45%	10.46%

Central State Bank has a Return on Equity of 17.45% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization

Central State Bank	U.S. Bank Average
8.72%	10.84%

Central State Bank has a Capitalization of 8.72% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Central State Bank Balance Sheet Analysis

As of June 30, 2024, Central State Bank had assets of $628,233,000, loans of $404,970,000, and deposits of $568,260,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024

ASSETS
Cash & Balances due from depository institutions	$ 85.27 million
Interest-bearing balances	$ 62.68 million
Total securities	$ 71.74 million
Federal funds sold and reverse repurchase	$ 45.70 million
Net loans and leases	$ 404.97 million
Loan loss allowance	$ 5.18 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 0.53 million
Goodwill and other intangibles	N.A.
All other assets	$ 11.58 million
Total Assets	$ 573.45 million

LIABILITIES
Total deposits	$ 568.26 million
Interest-bearing deposits	$ 423.33 million
Deposits held in domestic offices	$ 568.26 million
% insured (estimated)	63.51%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 5.73 million
Total Liabilities	$ 573.45 million
Shareholders’ Equity	$ 54.78 million

Summary Income Statement

June 30, 2024

INCOME AND EXPENSES
Total Interest Income	$ 18.68 million
Total Interest Expense	$ 6.56 million
Net interest income	$ 12.12 million
Provision for loan and lease losses	$ 0.09 million
Total non interest income	$ 1.60 million
Total non interest expense	$ 8.42 million
Pre-tax Net Operating Income	$ 5.01 million

Bank Loan Profile^?

The top three loan types in Central State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Alabama, Central State Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

	% Loans	% Comparison to Other Banks
		Low	Med	High
1-4 Family Residential Loans	25.74		✓
Multifamily Mortgages	1.43		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	1.99		✓
Small Business Loans	16.02		✓
Construction and Development Loans	16.89			✓
Commercial Real Estate	23.66		✓
Commercial and Industrial Loans	8.16		✓
Farm Loans	0.00	✓

Customer Reviews for Central State Bank

Bob Kuehner

April 23, 2020 |

If you're not with Central State Bank and you're in business... why the heck not? I've been with CSB since 2007. In that time they've provided top tier service and a down home feel. My most recent experience is their shepherding of PPP Loans for my 6 companies. When we gave them to CSB on the day the program became available, I got a call at 10PM letting me know they were accepted. We've accomplished closings using docusign and all of the money is in my accounts. Their handling of this possibly kept us in business, now I can put all of my 160 furloughed employees back to work. These guys haven't been a good vendor--they've been a trusted partner over the last 13 years.

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