Community Spirit Bank
Red Bay, AL · Owner: Independent Bancshares Employee STK Ownership Plan
$229M
total assets, June 30, 2026
$229M
total assets, June 30, 2026
Community Spirit Bank is a state nonmember bank based in Red Bay, AL, owned by Independent Bancshares Employee STK Ownership Plan. As of June 30, 2026 it held $228.8 million in assets and $205.7 million in deposits; assets were up 7.6% from a year before. It has 5 branches in 2 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$229M
+7.6% in a year · +1.6% in a quarter
Deposits
$206M
+6.3% in a year · +1.4% in a quarter
Loans
$151M
+7.2% in a year · +1.4% in a quarter
Profit so far
$1.6M
Jan 1 to Jun 30, 2026 · -19.8% in a year
Capital ratio
9.73%
+0.17 pts in a year
Return on assets
1.39%
-0.45 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 200 4th Ave Sw, Red Bay, AL, 35582
- County
- Franklin
- Holding company
- Independent Bancshares Employee STK Ownership Plan
- Established
- Mar 17, 1908
- Employees
- 43
- Branches
- 5 in 2 states
- Website
- www.communityspirit.bank
- Id
- b50
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
5 offices as of June 30, 2026, holding $205.7 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Alabama | 3 | $141M | 68.5% |
| Mississippi | 2 | $64.8M | 31.5% |
| Largest branches | Place | Deposits |
|---|---|---|
| Community Spirit Bank (main office) | Red Bay, AL | $107M |
| Belmont Branch | Belmont, MS | $50.1M |
| Russellville Branch | Russellville, AL | $33.6M |
| Fulton Branch | Fulton, MS | $14.7M |
| Red Bay Branch | Red Bay, AL | $0 |
Related pages
Questions and answers
How big is Community Spirit Bank?
$228.8 million in total assets and $205.7 million in deposits as of June 30, 2026, with assets up 7.6% from a year before. Its loans were $151.0 million.
How many branches does Community Spirit Bank have?
5 branches in 2 states as of June 30, 2026. The most deposits are in Alabama ($140.9 million).
Is Community Spirit Bank profitable?
Yes: it earned $1.56 million from January 1 to June 30, 2026 (down 19.8% from the same months a year before). Its return on assets was 1.39% a year; about 1% is typical.
Who owns Community Spirit Bank?
Community Spirit Bank is owned by Independent Bancshares Employee STK Ownership Plan, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.