Bank of Hiawassee

20 Main Street
Hiawassee, GA 30546

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10054
Date Established 1909
Assets $0.38 billion
Loans $0.27 billion
Deposits $0.34 billion
Capital $0.01 billion

Bank of Hiawassee is an FDIC insured institution located in Hiawassee, GA. It was founded in 1909 and has approximately $0.38 billion in assets.

Bank of Hiawassee, Hiawassee, Georgia, was closed March 19, 2010 by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Citizens South Bank, Gastonia, North Carolina, to assume all of the deposits of Bank of Hiawassee.

For a more detailed analysis of Bank of Hiawassee'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 Hiawassee’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Hiawassee’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

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Hiawassee

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
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 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 Hiawassee
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Branches

Bank of Hiawassee 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 Hiawassee Locations

Financial Details

Bank of Hiawassee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Hiawassee. 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 Hiawassee U.S. Bank Average
318.3% 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 Hiawassee had $57,228,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,648,000 in equity and $12,331,000 in loans loss reserves. That gives it a Texas Ratio of 318.3%. 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 Hiawassee U.S. Bank Average
-118.79% 8.58

Bank of Hiawassee has a Return on Equity of -118.79% 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 Hiawassee U.S. Bank Average
1.5% 12.11

Bank of Hiawassee has a Capitalization of 1.5% 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 Hiawassee Balance Sheet Analysis

As of November 30, -0001, Bank of Hiawassee had assets of $377,779,000, loans of $269,608,000, and deposits of $339,597,000. 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 Hiawassee

Branches and Savings

Is Bank of Hiawassee FDIC insured?

Yes. It is covered under FDIC Certificate #10054.

Why does Bank of Hiawassee 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 Hiawassee CD rates not competitive?

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

Is Bank of Hiawassee a commercial bank?

Yes

Where are Bank of Hiawassee locations?

See branch locations nearby.

Is Bank of Hiawassee open on Saturdays?

Is Bank of Hiawassee open on Sundays?

What time does Bank of Hiawassee open?

What time does Bank of Hiawassee close?

Are Bank of Hiawassee ATMs Open 24/7?

Do Bank of Hiawassee ATMs accept cash deposits?

Can Bank of Hiawassee customers use other ATMs?

Do Bank of Hiawassee branches have notaries?

Will Bank of Hiawassee notarize my document?

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

Will the Bank of Hiawassee branch print checks?

Do Bank of Hiawassee checks expire?

Does Bank of Hiawassee require US citizenship to open account?

Can Bank of Hiawassee close my account?

Does Bank of Hiawassee Report to credit bureaus?

Does Bank of Hiawassee Use Equifax?

What is Bank of Hiawassee's ACH Routing Number?

What is Bank of Hiawassee's SWIFT code?

Products

Does Bank of Hiawassee offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank of Hiawassee offer personal loans?

Compare personal loan rates here.

Does Bank of Hiawassee offer student loans?

Will Bank of Hiawassee cash a check?

Will Bank of Hiawassee redeem a savings bond?

Does Bank of Hiawassee cash savings bonds?

Will Bank of Hiawassee cash money orders?

Can Bank of Hiawassee issue a money order?

Does Bank of Hiawassee do currency exchange?

Background on The Bank

Who owns Bank of Hiawassee?

How long has Bank of Hiawassee been around?

Can Bank of Hiawassee transfer to other banks?

Does Bank of Hiawassee have quick pay?

Does Bank of Hiawassee accept rolled coins?

Will Bank of Hiawassee accept loose change?

Where is Bank of Hiawassee headquarters?

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