Bank of Georgetown

1001 Wisconsin Avenue, N.W.
Washington, DC 20007

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57941
Date Established 2005
Assets $1.14 billion
Loans $0.81 billion
Deposits $0.89 billion
Capital $0.12 billion

Bank of Georgetown is an FDIC insured institution located in Washington, DC. It was founded in 2005 and has approximately $1.27 billion in assets. Customers can open an account at one of its 5 branches.

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

Bank Loan Profile?

The top three loan types in Bank of Georgetown’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in District Of Columbia, Bank of Georgetown has a significantly higher percent of Construction and Development Loans, 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 17.89
Multifamily
Mortgages
5.10
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 7.06
Construction and Development Loans 15.26
Commercial Real Estate 54.44
Commercial and Industrial Loans 8.22
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Georgetown, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Georgetown

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Georgetown
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Branches

Bank of Georgetown 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


Bank of Georgetown Locations

Financial Details

Bank of Georgetown Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Georgetown. 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 Georgetown U.S. Bank Average
0.3% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Georgetown had $386,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $118,443,000 in equity and $9,060,000 in loans loss reserves. That gives it a Texas Ratio of 0.3%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Georgetown U.S. Bank Average
7.82% 8.58

Bank of Georgetown has a Return on Equity of 7.82% versus the BestCashCow average of 8.58. 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 Georgetown U.S. Bank Average
10.43% 12.11

Bank of Georgetown has a Capitalization of 10.43% versus the BestCashCow average of 12.11. 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 Georgetown Balance Sheet Analysis

As of March 31, 2015, Bank of Georgetown had assets of $1,273,757,000, loans of $811,202,000, and deposits of $891,406,000. 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.

Frequently Asked Questions About Bank of Georgetown

Branches and Savings

Is Bank of Georgetown FDIC insured?

Yes. It is covered under FDIC Certificate #57941.

Why does Bank of Georgetown 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 Georgetown CD rates not competitive?

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

Is Bank of Georgetown a commercial bank?

Yes

Where are Bank of Georgetown locations?

See branch locations nearby.

Is Bank of Georgetown open on Saturdays?

Is Bank of Georgetown open on Sundays?

What time does Bank of Georgetown open?

What time does Bank of Georgetown close?

Are Bank of Georgetown ATMs Open 24/7?

Do Bank of Georgetown ATMs accept cash deposits?

Can Bank of Georgetown customers use other ATMs?

Do Bank of Georgetown branches have notaries?

Will Bank of Georgetown notarize my document?

What address for Bank of Georgetown should I put for incoming ACH transfers?

Will the Bank of Georgetown branch print checks?

Do Bank of Georgetown checks expire?

Does Bank of Georgetown require US citizenship to open account?

Can Bank of Georgetown close my account?

Does Bank of Georgetown Report to credit bureaus?

Does Bank of Georgetown Use Equifax?

What is Bank of Georgetown's ACH Routing Number?

What is Bank of Georgetown's SWIFT code?

Products

Does Bank of Georgetown offer mortgages?

Compare mortgage rates here.

Does Bank of Georgetown offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Georgetown offer personal loans?

Compare personal loan rates here.

Does Bank of Georgetown offer student loans?

Will Bank of Georgetown cash a check?

Will Bank of Georgetown redeem a savings bond?

Does Bank of Georgetown cash savings bonds?

Will Bank of Georgetown cash money orders?

Can Bank of Georgetown issue a money order?

Does Bank of Georgetown do currency exchange?

Background on The Bank

Who owns Bank of Georgetown?

How long has Bank of Georgetown been around?

Can Bank of Georgetown transfer to other banks?

Does Bank of Georgetown have quick pay?

Does Bank of Georgetown accept rolled coins?

Will Bank of Georgetown accept loose change?

Where is Bank of Georgetown headquarters?

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