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EXCITING NEWS: West Street Remodel Coming Soon! Our West Street Banking Center will be closed on Saturday, June 10th to start demolition for renovation.

All deposits are fully insured at Country Bank through both FDIC and DIF. Please Click Here to view our 2022 Annual Report.

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Loan Basics

Loan basics to help you understand how a loan works.

  • When you borrow money from a bank, it is called a loan.
  • The amount you borrow, which is also called the principle balance, is paid back to the bank along with interest and applicable fees.
  • The loan payment amount will be based on how much you borrow, the interest rate and the loan term.
  • The interest rate is the rate the bank charges to loan you money.
  • The loan term is the time it will take to pay back the loan (example: 12 months, 36 months, etc.).
  • Banks will require an application to be completed to apply for a loan.
  • Banks will consider your credit score and income along with other factors when determining if you are approved for a loan.

 

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