Bank of Ellijay

Headquarters

134 Industrial Boulevard
Ellijay, GA 30540
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Bank of Ellijay is an FDIC insured institution located in Ellijay, GA. It was founded in 2006 and has approximately $0.17 billion in assets.

The Bank of Ellijay, Ellijay, Ga., was closed September 17, 2010 by the Georgia Department of Banking and Finance, and the FDIC was named receiver. To protect depositors, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with Community & Southern Bank.

FDIC Insured Yes
FDIC Certificate # 58197
Date Established 2006
Assets $ 173.88 million
Loans $ 127.29 million
Deposits $ 159.22 million
Capital $ 7.64 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Ellijay

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.575% 2.500% 1.00 $2,468 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut 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 Bank of Ellijay
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Branches

Bank of Ellijay 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:
Fairfield,Connecticut


Bank of Ellijay Locations


Financial Details

Bank of Ellijay Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Ellijay. 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
Bank of Ellijay U.S. Bank Average
241.7% 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, Bank of Ellijay had $23,452,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,636,000 in equity and $2,067,000 in loans loss reserves. That gives it a Texas Ratio of 241.7%.

Return on Equity
Bank of Ellijay U.S. Bank Average
-59.34% 7.80%

Bank of Ellijay has a Return on Equity of -59.34% 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
Bank of Ellijay U.S. Bank Average
4.39% 12.68%

Bank of Ellijay has a Capitalization of 4.39% 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.

Bank of Ellijay Balance Sheet Analysis

As of November 30, -0001, Bank of Ellijay had assets of $168,820,000, loans of $127,289,000, and deposits of $159,215,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.29 million
Loan loss allowance $ 2.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 159.22 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 173.88 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of Ellijay’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Ellijay’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Bank Of Ellijay

Branches and Savings

Is Bank Of Ellijay FDIC insured?

Yes. It is covered under FDIC Certificate #58197.

Why does Bank Of Ellijay pay such low interest on savings accounts?

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

Why are Bank Of Ellijay CD rates not competitive?

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

Is Bank Of Ellijay a commercial bank?

Yes

Where are Bank Of Ellijay locations?

See branch locations nearby.

Is Bank Of Ellijay open on Saturdays?

Is Bank Of Ellijay open on Sundays?

What time does Bank Of Ellijay open?

What time does Bank Of Ellijay close?

Are Bank Of Ellijay ATMs Open 24/7?

Do Bank Of Ellijay ATMs accept cash deposits?

Can Bank Of Ellijay customers use other ATMs?

Do Bank Of Ellijay branches have notaries?

Will Bank Of Ellijay notarize my document?

What address for Bank Of Ellijay should I put for incoming ACH transfers?

Will the Bank Of Ellijay branch print checks?

Do Bank Of Ellijay checks expire?

Does Bank Of Ellijay require US citizenship to open account?

Can Bank Of Ellijay close my account?

Does Bank Of Ellijay Report to credit bureaus?

Does Bank Of Ellijay Use Equifax?

What is Bank Of Ellijay's ACH Routing Number?

What is Bank Of Ellijay's SWIFT code?

Products

Does Bank Of Ellijay offer mortgages?

Compare mortgage rates here.

Does Bank Of Ellijay offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Ellijay offer personal loans?

Compare personal loan rates here.

Does Bank Of Ellijay offer student loans?

Will Bank Of Ellijay cash a check?

Will Bank Of Ellijay redeem a savings bond?

Does Bank Of Ellijay cash savings bonds?

Will Bank Of Ellijay cash money orders?

Can Bank Of Ellijay issue a money order?

Does Bank Of Ellijay do currency exchange?

Background on The Bank

Who owns Bank Of Ellijay?

How long has Bank Of Ellijay been around?

Can Bank Of Ellijay transfer to other banks?

Does Bank Of Ellijay have quick pay?

Does Bank Of Ellijay accept rolled coins?

Will Bank Of Ellijay accept loose change?

Where is Bank Of Ellijay headquarters?

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