Community Spirit Bank
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Data as of · sourced from FFIEC call reports. How we update
Community Spirit Bank is an FDIC-insured commercial bank headquartered in Red Bay, AL, established in 1908 (FDIC certificate 50), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $228.8M, up 7.6% from Q2 2025, the 58th largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 9.73% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 50
- Headquarters
- Red Bay, AL
- Established
- 1908
- Total assets, Q2 2026
- $228.8M
- Assets vs Q2 2025
- +7.6%
- Tier 1 leverage ratio, Q2 2026
- 9.73%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 062203476
- Latest call report
- Q2 2026, FFIEC 051 · Community Spirit Bank call report
- Holding company
- INDEPENDENT BANCSHARES, INC.
- Asset rank in state
- 58th of 93 in Alabama
Community Spirit Bank earns an unusually wide margin on its lending. Its balance sheet stood at $229 million at June 30, 2026, up 7.6% from a year earlier; it is based in Red Bay, Alabama. It keeps 4.72 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). It also carries problem assets equal to 0.3% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Net income for the quarter rose 15% from a year earlier, to $846,000. Paper losses on its bond portfolio are shrinking: unrealized losses of $4.3 million equal 19% of Tier 1 capital, down from 26% a year earlier.
As of June 30, 2026, Community Spirit Bank reported a return on assets of 1.46%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.34%. The figures come from its call report filed with the FFIEC.
Community Spirit Bank ranks as the 58th largest of the 93 banks based in Alabama, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.6% to $228.8M, loans rose 1.4% and deposits rose 1.4%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 33.3% of total loans, ahead of commercial and industrial loans at 16.6%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities across 2 states; its Red Bay 2 offices book 52% of its branch deposits. By the capital ratios in its Q2 2026 call report, Community Spirit Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 200 4th Ave Sw, Red Bay, AL 35582
- County
- Franklin
- Metro Area
- Russellville, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 17, 1908
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 43
- Domestic deposits
- $205.7M
- Allowance for credit losses
- $1.9M
- Net charge-offs (YTD)
- $253K
- Average total assets
- $231.1M
- Average total loans
- $150.2M
- Average interest-bearing deposits
- $152.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 50
- Fed RSSD
- 470032
- Website
- www.communityspirit.bank →
- Parent Holding Company
- INDEPENDENT BANCSHARES, INC. (RSSD 1023341)
- Ultimate Parent
- RSSD 3587294
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Community Spirit Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Community Spirit Bank's total assets ran between $198.5M (Q1 2024) and $228.8M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$228.8M total assets against $212.6M; $210.3M total liabilities against $197.0M.
$149.1M net loans and leases against $139.1M; $205.7M total deposits against $193.6M.
$45.4M securities against $43.3M; $23.4M cash and balances due against $19.3M.
$3.4M total interest income against $3.2M; $876K total interest expense against $857K.
$2.5M net interest income against $2.3M.
$420K total noninterest income against $485K; $1.9M total noninterest expense against $2.0M.
$100K provision for credit losses against $35K.
$846K net income against $736K.
1.46% return on assets against 1.36%; 4.72% net interest margin against 4.63%.
9.73% tier 1 leverage ratio against 9.56%.
Inside the full Community Spirit Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCommunity Spirit Bank rankings
Its closest position to the top of a national ranking is 1,393 of 3,611, for ROA; its furthest is 3,066 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.26% (Q1 2026) to 2.26% (Q1 2025) and its net interest margin ran from 4.27% (Q4 2024) to 4.84% (Q4 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 9.73% | 1.46% | 0.00% | 0.34% | 4.72% |
| Q1 2026 | 9.85% | 1.26% | 0.04% | 0.30% | 4.68% |
| Q4 2025 | 9.77% | 1.47% | 0.03% | 0.22% | 4.84% |
| Q3 2025 | 9.69% | 1.46% | 0.00% | 0.04% | 4.75% |
| Q2 2025 | 9.56% | 1.36% | 0.02% | 0.18% | 4.63% |
| Q1 2025 | 9.56% | 2.26% | 0.04% | 0.30% | 4.40% |
| Q4 2024 | 9.49% | 1.46% | 0.05% | 2.26% | 4.27% |
| Q3 2024 | 9.47% | 1.86% | 0.04% | 2.12% | 4.31% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Community Spirit Bank (main office) | Red Bay , AL | 35582 | $107.3M |
| Belmont Branch | Belmont , MS | 38827 | $50.1M |
| Russellville Branch | Russellville , AL | 35653 | $33.6M |
| Fulton Branch | Fulton , MS | 38843 | $14.7M |
| Red Bay Branch | Red Bay , AL | 35582 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2012 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2012 | Structure Change | Acquired Spirit Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 93 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $1.8M approved, $1.8M average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2008 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Community Spirit Bank
What are Community Spirit Bank's total assets?
As of the Q2 2026 filing, Community Spirit Bank reported total assets of $228.8 million in its FFIEC call report.
Where is Community Spirit Bank headquartered?
It is headquartered in Red Bay, AL, United States.
When was Community Spirit Bank founded?
It was established in 1908, per the FDIC institution directory.
Is Community Spirit Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #50). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Community Spirit Bank?
Community Spirit Bank's primary federal regulator is the FDIC.
How many branches does Community Spirit Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Community Spirit Bank's Texas Ratio?
Its Texas Ratio is 0.34% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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