Community Bank, Financial Information

About Community Bank

 Address:
208 Tenth Street
Alton, IA
Sioux County, Iowa
 Established:
Sep 1915
 Number of domestic offices:
2
Agriculture bank
Total assets$47M
Net income$0M
Net income, quarterly$0M
Total deposits$43M
Domestic deposits$43M
Equity capital$4M
ROA0.78%
ROAQ, quarterly0.5%
ROA, pretax0.5%
ROAQ, quarterly, pretax0.54%
ROE8.42%
ROEQ, quarterly5.37%
UpdatedApr 11, 2013

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Community Bank, formerly known as Alton Savings Bank, was established September 22, 1915. The bank was one of two banks in Alton, Iowa and was the one that survived the Great Depression. Earl Kiernan, who began his banking career in 1912, moved to Alton in 1936 and became a loan officer at Alton Savings Bank. Earl's son, Max Kiernan, began his banking career in 1947, moved back to Alton in 1954 and also became a loan officer at the bank. Max's son Tom Kiernan began his banking career in 1973 and moved back to Alton in 1978. From 1978-1979 all three Kiernans worked at the bank at the same time. Today, Tom Kiernan is the third generation Kiernan to be President and Chairman of the Board of Directors.

In June of 1996 the bank was granted permission by the Iowa Division of Banking to open a branch office in Orange City, Iowa. On January 1, 1997, the Alton Savings Bank amended its Articles of Incorporation, which changed the name of the bank to "Community Bank". This name change was made to best reflect banks ongoing commitment to Alton, Orange City and the surrounding communities. The Orange City branch was opened on December 1, 1997.

Alton, Iowa - Main Bank
208 10th Street
Alton, IA 51003
Phone (712) 756-4125
Fax (712) 756-4600

Orange City, Iowa - branch Bank
901 8th Street SE
Orange City, IA 51041
Phone (712) 737-2737
Fax (712) 737-8031