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Consumers Bancorp Inc's Business Segments
Consumers Bancorp Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Debit Card
Total Revenue
$ 11
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Debit Card23.4%
- Deposit Account15.3%
- Financial Service Other4.1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Debit Card | $ 3 | 23.4% |
| Deposit Account | $ 2 | 15.3% |
| Financial Service Other | $ 0 | 4.1% |
Annual Results
Revenue Share by Reportable Segment - FY
- Debit Card23.4%
- Deposit Account15.3%
- Financial Service Other4.1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Debit Card | $ 3 | 23.4% |
| Deposit Account | $ 2 | 15.3% |
| Financial Service Other | $ 0 | 4.1% |
Description of Consumers Bancorp Inc
Consumers Bancorp, Inc. (Corporation), is a bank holding company under the Bank
Holding Company Act of 1956, as amended and is a registered bank holding company,
and was incorporated under the laws of the State of Ohio in 1994. In February
1995, the Corporation acquired all the issued and outstanding capital stock of
Consumers National Bank (Bank), a bank chartered under the laws of the United
States of America. The Corporation’s activities have been limited primarily
to holding the common stock of the Bank.
Consumers Bancorp Inc. is a diversified financial services organization that operates primarily through its bank subsidiary, Consumers National Bank. The company offers a comprehensive array of segments, products, and services tailored to meet the financial needs of individuals, businesses, and communities. Below, I provide an extensive overview of these segments and offerings.
1. Personal Banking Services
a. Checking Accounts:
Consumers Bancorp offers various checking account options, including basic checking, interest-bearing checking, and accounts tailored for students or seniors. These accounts typically feature benefits such as online banking, bill pay services, ATM access, and mobile banking apps.
b. Savings Accounts:
The bank provides high-yield savings accounts, traditional savings accounts, and money market accounts. These accounts are designed to help customers save money while earning interest, and often come with easy online management.
c. Certificates of Deposit (CDs):
CDs are offered with varying terms, providing customers with options to invest their savings for a fixed period at a guaranteed interest rate. This appeal is particularly strong for those looking for low-risk investment options.
d. Personal Loans:
Consumers Bancorp provides a range of personal loan options, including secured and unsecured loans. These can be used for various purposes, including debt consolidation, home improvements, or unexpected expenses.
e. Mortgages and Home Equity Loans:
Mortgage products include conventional loans, FHA loans, VA loans, and refinancing options. Home equity loans and lines of credit are also available, allowing homeowners to tap into their equity for renovations or other large expenditures.
f. Credit Cards:
The bank offers a variety of credit card products suited to different consumer needs, with rewards programs, low-interest rates, and features like balance transfers.
Business Banking Services
a. Business Checking Accounts:
Various business checking options cater to small to medium-sized enterprises (SMEs) with features designed to streamline financial operations.
b. Business Savings Accounts:
Similar to personal savings options, these accounts provide businesses with ways to save and earn interest on their funds, helping to manage cash reserves effectively.
c. Loans and Lines of Credit:
Businesses can access various forms of credit, such as term loans for equipment purchase, working capital loans, and revolving lines of credit that offer flexibility.
d. Commercial Mortgages:
Loans specifically structured for purchasing, refinancing, or constructing commercial properties.
e. Merchant Services:
This segment offers payment processing solutions for businesses looking to accept credit and debit card payments, along with POS systems tailored for various retail environments.
Investment and Wealth Management Services
a. Financial Planning:
Consumers Bancorp may provide access to financial advisory services, helping clients with retirement planning, estate planning, tax strategies, and overall financial health.
b. Investment Products:
The bank may offer a range of investment options, including mutual funds, stocks, bonds, and retirement accounts, tailored to individual financial goals.
c. Trust Services:
These services involve managing and distributing assets according to clients wishes, often used in estate planning and wealth management.
Insurance Services
a. Personal Insurance:
Consumers Bancorp may facilitate personal insurance products, including auto, home, and life insurance, partnering with various insurance providers to offer competitive rates.
b. Business Insurance:
Coverage options for businesses, including liability insurance, property insurance, and workers compensation, helping enterprises protect against various risks.
Digital Services
a. Online Banking:
Consumers Bancorp provides users with the ability to manage their accounts, view balances, transfer funds, and pay bills online, ensuring convenience and accessibility.
b. Mobile Banking:
Mobile applications allow customers to access banking services on-the-go, offering functionalities such as mobile check deposit and transaction notifications.
c. Financial Education:
Many banks, including Consumers Bancorp, offer resources to educate consumers on financial literacy, budgeting, investment basics, and retirement planning.
Community Involvement and Support
a. Local Sponsorships:
The bank is often actively involved in community projects, sponsoring local events, and initiatives aimed at fostering community development.
b. Financial Literacy Programs:
Providing workshops and materials aimed at educating community members about personal finance, savings, and investing strategies.
Conclusion
Consumers Bancorp Inc. is committed to providing a wide range of banking and financial services, from everyday personal banking products to comprehensive commercial offerings and specialized investment services. Their focus on customer service, community involvement, and the integration of digital banking technologies indicates a robust commitment to meet the evolving financial needs of their customers and the communities they serve.
1. Personal Banking Services
a. Checking Accounts:
Consumers Bancorp offers various checking account options, including basic checking, interest-bearing checking, and accounts tailored for students or seniors. These accounts typically feature benefits such as online banking, bill pay services, ATM access, and mobile banking apps.
b. Savings Accounts:
The bank provides high-yield savings accounts, traditional savings accounts, and money market accounts. These accounts are designed to help customers save money while earning interest, and often come with easy online management.
c. Certificates of Deposit (CDs):
CDs are offered with varying terms, providing customers with options to invest their savings for a fixed period at a guaranteed interest rate. This appeal is particularly strong for those looking for low-risk investment options.
d. Personal Loans:
Consumers Bancorp provides a range of personal loan options, including secured and unsecured loans. These can be used for various purposes, including debt consolidation, home improvements, or unexpected expenses.
e. Mortgages and Home Equity Loans:
Mortgage products include conventional loans, FHA loans, VA loans, and refinancing options. Home equity loans and lines of credit are also available, allowing homeowners to tap into their equity for renovations or other large expenditures.
f. Credit Cards:
The bank offers a variety of credit card products suited to different consumer needs, with rewards programs, low-interest rates, and features like balance transfers.
Business Banking Services
a. Business Checking Accounts:
Various business checking options cater to small to medium-sized enterprises (SMEs) with features designed to streamline financial operations.
b. Business Savings Accounts:
Similar to personal savings options, these accounts provide businesses with ways to save and earn interest on their funds, helping to manage cash reserves effectively.
c. Loans and Lines of Credit:
Businesses can access various forms of credit, such as term loans for equipment purchase, working capital loans, and revolving lines of credit that offer flexibility.
d. Commercial Mortgages:
Loans specifically structured for purchasing, refinancing, or constructing commercial properties.
e. Merchant Services:
This segment offers payment processing solutions for businesses looking to accept credit and debit card payments, along with POS systems tailored for various retail environments.
Investment and Wealth Management Services
a. Financial Planning:
Consumers Bancorp may provide access to financial advisory services, helping clients with retirement planning, estate planning, tax strategies, and overall financial health.
b. Investment Products:
The bank may offer a range of investment options, including mutual funds, stocks, bonds, and retirement accounts, tailored to individual financial goals.
c. Trust Services:
These services involve managing and distributing assets according to clients wishes, often used in estate planning and wealth management.
Insurance Services
a. Personal Insurance:
Consumers Bancorp may facilitate personal insurance products, including auto, home, and life insurance, partnering with various insurance providers to offer competitive rates.
b. Business Insurance:
Coverage options for businesses, including liability insurance, property insurance, and workers compensation, helping enterprises protect against various risks.
Digital Services
a. Online Banking:
Consumers Bancorp provides users with the ability to manage their accounts, view balances, transfer funds, and pay bills online, ensuring convenience and accessibility.
b. Mobile Banking:
Mobile applications allow customers to access banking services on-the-go, offering functionalities such as mobile check deposit and transaction notifications.
c. Financial Education:
Many banks, including Consumers Bancorp, offer resources to educate consumers on financial literacy, budgeting, investment basics, and retirement planning.
Community Involvement and Support
a. Local Sponsorships:
The bank is often actively involved in community projects, sponsoring local events, and initiatives aimed at fostering community development.
b. Financial Literacy Programs:
Providing workshops and materials aimed at educating community members about personal finance, savings, and investing strategies.
Conclusion
Consumers Bancorp Inc. is committed to providing a wide range of banking and financial services, from everyday personal banking products to comprehensive commercial offerings and specialized investment services. Their focus on customer service, community involvement, and the integration of digital banking technologies indicates a robust commitment to meet the evolving financial needs of their customers and the communities they serve.