CCSB Financial Corp. operates as the holding company for Clay County Savings Bank. The company operates as a community-oriented savings institution offering a variety of financial products and services to meet the needs of the communities it serves. The company’s principal business consists of attracting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in one to four-family residential mortgage loans, construction loans, multi-family and commercial real estate loans, mortgage-related securities and various other securities. It also invests in commercial business loans and consumer and other loans, including home equity and automobile loans. Market Area The company serves communities located in Clay and Platte counties and in surrounding counties in Missouri from its main office and branch office in Liberty and its branch offices in Kearney and Smithville. Liberty, Kearney and Smithville are all located in Clay County, which is part of the Kansas City Metropolitan Statistical Area. The bank has four offices located in Clay County, Missouri. The main office and a branch office are located in Liberty, and branch offices are also located in Kearney and Smithville. Lending Activities The company’s loan portfolio includes real estate loans, primarily permanent and construction financing of single-family homes. In addition to the permanent and construction financing of one- to four-family real estate, the company originates loans secured by multi-family and nonresidential real estate, consumer loans (primarily home equity loans and lines of credit) and commercial non-real estate loans. The company participates in one nonresidential real estate loan with the bank. It originates primarily adjustable-rate, balloon and short- and medium-term, fixed-rate loans for the loan portfolio. The bank sells its balloon and fixed-rate single-family, owner-occupied real estate loans through the secondary market. One- to Four-Family Real Estate Loans: The company’s primary lending activity consists of originating one- to four-family, residential real estate loans, secured by properties located in its market area. Construction, Land and Land Development Loans: The company originates three types of residential construction loans construction/speculative loans, construction/custom loans, and construction/permanent loans. It also originates construction loans on multi-family or nonresidential properties, land development loans to area homebuilders that are secured by individual unimproved or improved residential building lots, and loans secured by land held for future development. Commercial Real Estate Loans: These commercial real estate loans include loans secured by improved property such as offices, churches, small business facilities, strip mall shopping centers, motels, and other income producing, non-residential buildings. Multi-Family Loans: The company offers multi-family real estate loans with adjustable rates, short-term fixed rates or longer-term loans with balloon features. Consumer Loans: The company is authorized to make loans for various consumer purposes. Consumer loans comprise home equity loans, home equity lines of credit, automobile loans and loans on deposits. Automobile loans are made directly to the car buyers, and the Bank does not participate in indirect automobile loan programs though car dealerships. Commercial Business Loans: In addition to commercial real estate loans, the company also engages in small commercial non-real estate lending, including business installment loans, lines of credit and other commercial loans. Investment Activities The company’s investment portfolio includes various types of liquid assets, including United States government obligations, securities of various federal agencies and of state and municipal governments, deposits at the FHLB of Des Moines, certificates of deposit of federally insured institutions, certain bankers’ acceptances and federal funds. Deposits The company’s deposit products include personal and commercial checking, NOW, money market, statement and passbook savings, and term certificate accounts. History CCSB Financial Corp. was founded in 1922.
ccsb financial corp (CCFC:OTC US)
1178 West Kansas
Liberty, MO 64068
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To contact CCSB FINANCIAL CORP, please visit www.claycountysavings.com. Company data is provided by Capital IQ. Please use this form to report any data issues.