Bank of George

Headquarters

9115 West Russell Road
Las Vegas, NV 89148
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.40% 1.01% →
2-Year CD 0.45% 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 George is an FDIC insured institution located in Las Vegas, NV. It was founded in 2007 and has approximately $0.35 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58626
Date Established 2007
Assets $ 345.95 million
Loans $ 239.18 million
Deposits $ 297.18 million
Capital $ 44.84 million
 

For a more detailed analysis of Bank of George'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

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $500 - Learn More
Money Market
0.10% $2,500 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 $99,999 Learn More
3 Mo CD
0.30% $100,000 $250,000 Learn More
6 Mo CD
0.30% $1,000 $99,999 Learn More
6 Mo CD
0.35% $100,000 $250,000 Learn More
12 Mo CD
0.35% $1,000 $99,999 Learn More
12 Mo CD
0.40% $100,000 $250,000 Learn More
24 Mo CD
0.40% $1,000 $99,999 Learn More
24 Mo CD
0.45% $100,000 $250,000 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $49,999 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of George

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 George
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Branches

Bank of George 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 George Locations


Financial Details

Bank of George Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of George. 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 George U.S. Bank Average
0% 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 George had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,843,000 in equity and $3,324,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of George U.S. Bank Average
7.89% 7.80%

Bank of George has a Return on Equity of 7.89% 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
Bank of George U.S. Bank Average
12.96% 12.68%

Bank of George has a Capitalization of 12.96% 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 George Balance Sheet Analysis

As of March 31, 2020, Bank of George had assets of $345,952,000, loans of $239,181,000, and deposits of $297,176,000. 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 $ 91.26 million
Interest-bearing balances $ 87.14 million
Total securities $ 3.35 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 239.18 million
Loan loss allowance $ 3.32 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.86 million
All other assets $ 6.06 million
     Total Assets $ 301.11 million
LIABILITIES
Total deposits $ 297.18 million
      Interest-bearing deposits $ 160.46 million
      Deposits held in domestic offices $ 297.18 million
      % insured (estimated) 51.67%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.93 million
      Total Liabilities $ 301.11 million
      Shareholders’ Equity $ 44.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.18 million
Total Interest Expense $ 0.60 million
Net interest income $ 3.58 million
Provision for loan and lease losses $ 0.27 million
Total non interest income $ 1.16 million
Total non interest expense $ 3.40 million
Pre-tax Net Operating Income $ 1.07 million

Bank Loan Profile?

The top three loan types in Bank of George’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in Nevada, Bank of George has a significantly higher percent of Commercial Real Estate 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 3.68
Multifamily
Mortgages
5.00
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 0.94
Commercial Real Estate 86.03
Commercial and Industrial Loans 5.70
Farm Loans 0.00

Frequently Asked Questions About Bank Of George

Branches and Savings

Is Bank Of George FDIC insured?

Yes. It is covered under FDIC Certificate #58626.

Why does Bank Of George 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 George CD rates not competitive?

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

Is Bank Of George a commercial bank?

Yes

Where are Bank Of George locations?

See branch locations nearby.

Is Bank Of George open on Saturdays?

Is Bank Of George open on Sundays?

What time does Bank Of George open?

What time does Bank Of George close?

Are Bank Of George ATMs Open 24/7?

Do Bank Of George ATMs accept cash deposits?

Can Bank Of George customers use other ATMs?

Do Bank Of George branches have notaries?

Will Bank Of George notarize my document?

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

Will the Bank Of George branch print checks?

Do Bank Of George checks expire?

Does Bank Of George require US citizenship to open account?

Can Bank Of George close my account?

Does Bank Of George Report to credit bureaus?

Does Bank Of George Use Equifax?

What is Bank Of George's ACH Routing Number?

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Products

Does Bank Of George offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of George offer personal loans?

Compare personal loan rates here.

Does Bank Of George offer student loans?

Will Bank Of George cash a check?

Will Bank Of George redeem a savings bond?

Does Bank Of George cash savings bonds?

Will Bank Of George cash money orders?

Can Bank Of George issue a money order?

Does Bank Of George do currency exchange?

Background on The Bank

Who owns Bank Of George?

How long has Bank Of George been around?

Can Bank Of George transfer to other banks?

Does Bank Of George have quick pay?

Does Bank Of George accept rolled coins?

Will Bank Of George accept loose change?

Where is Bank Of George headquarters?

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