Altamaha Bank and Trust Company

Headquarters

206 Jackson Street
Vidalia, GA 30474
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.35% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD 0.70% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Altamaha Bank and Trust Company is an FDIC insured institution located in Vidalia, GA. It was founded in 1966 and has approximately $0.18 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 19590
Date Established 1966
Assets $ 175.27 million
Loans $ 120.64 million
Deposits $ 154.62 million
Capital $ 20.21 million
 

For a more detailed analysis of Altamaha Bank and Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.40% $10,000 $14,999 Learn More
18 Mo CD
0.40% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Altamaha Bank and Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Altamaha Bank and Trust Company
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Branches

Altamaha Bank and Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Altamaha Bank and Trust Company Locations


Financial Details

Altamaha Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Altamaha Bank and Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Altamaha Bank and Trust Company U.S. Bank Average
13.99% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Altamaha Bank and Trust Company had $2,527,000 in non-current loans and $506,000 in owned real estate. To cover these potential losses it had $20,208,000 in equity and $1,466,000 in loans loss reserves. That gives it a Texas Ratio of 13.99%.

Return on Equity
Altamaha Bank and Trust Company U.S. Bank Average
8.89% 7.80%

Altamaha Bank and Trust Company has a Return on Equity of 8.89% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Altamaha Bank and Trust Company U.S. Bank Average
11.53% 12.68%

Altamaha Bank and Trust Company has a Capitalization of 11.53% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Altamaha Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, Altamaha Bank and Trust Company had assets of $175,270,000, loans of $120,635,000, and deposits of $154,615,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 5.87 million
Interest-bearing balances $ 1.77 million
Total securities $ 36.60 million
Federal funds sold and reverse repurchase $ 2.91 million
Net loans and leases $ 120.64 million
Loan loss allowance $ 1.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.51 million
Goodwill and other intangibles N.A.
All other assets $ 5.98 million
     Total Assets $ 155.06 million
LIABILITIES
Total deposits $ 154.62 million
      Interest-bearing deposits $ 109.12 million
      Deposits held in domestic offices $ 154.62 million
      % insured (estimated) 86.11%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.45 million
      Total Liabilities $ 155.06 million
      Shareholders’ Equity $ 20.21 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.11 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.87 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 0.30 million
Total non interest expense $ 1.58 million
Pre-tax Net Operating Income $ 0.45 million

Bank Loan Profile?

The top three loan types in Altamaha Bank and Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Georgia, Altamaha Bank and Trust Company has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.61
Multifamily
Mortgages
2.14
Credit Card Loans 0.00
Consumer Auto Loans 1.26
Small Business Loans 0.00
Construction and Development Loans 2.27
Commercial Real Estate 31.46
Commercial and Industrial Loans 18.74
Farm Loans 2.76

Frequently Asked Questions About Altamaha Bank And Trust Company

Branches and Savings

Is Altamaha Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #19590.

Why does Altamaha Bank And Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Altamaha Bank And Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Altamaha Bank And Trust Company a commercial bank?

Yes

Where are Altamaha Bank And Trust Company locations?

See branch locations nearby.

Is Altamaha Bank And Trust Company open on Saturdays?

Is Altamaha Bank And Trust Company open on Sundays?

What time does Altamaha Bank And Trust Company open?

What time does Altamaha Bank And Trust Company close?

Are Altamaha Bank And Trust Company ATMs Open 24/7?

Do Altamaha Bank And Trust Company ATMs accept cash deposits?

Can Altamaha Bank And Trust Company customers use other ATMs?

Do Altamaha Bank And Trust Company branches have notaries?

Will Altamaha Bank And Trust Company notarize my document?

What address for Altamaha Bank And Trust Company should I put for incoming ACH transfers?

Will the Altamaha Bank And Trust Company branch print checks?

Do Altamaha Bank And Trust Company checks expire?

Does Altamaha Bank And Trust Company require US citizenship to open account?

Can Altamaha Bank And Trust Company close my account?

Does Altamaha Bank And Trust Company Report to credit bureaus?

Does Altamaha Bank And Trust Company Use Equifax?

What is Altamaha Bank And Trust Company's ACH Routing Number?

What is Altamaha Bank And Trust Company's SWIFT code?

Products

Does Altamaha Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Altamaha Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Altamaha Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Altamaha Bank And Trust Company offer student loans?

Will Altamaha Bank And Trust Company cash a check?

Will Altamaha Bank And Trust Company redeem a savings bond?

Does Altamaha Bank And Trust Company cash savings bonds?

Will Altamaha Bank And Trust Company cash money orders?

Can Altamaha Bank And Trust Company issue a money order?

Does Altamaha Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Altamaha Bank And Trust Company?

How long has Altamaha Bank And Trust Company been around?

Can Altamaha Bank And Trust Company transfer to other banks?

Does Altamaha Bank And Trust Company have quick pay?

Does Altamaha Bank And Trust Company accept rolled coins?

Will Altamaha Bank And Trust Company accept loose change?

Where is Altamaha Bank And Trust Company headquarters?

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