Bank of Lumber City

Headquarters

21 Main St
Lumber City, GA 31549
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Bank of Lumber City is an FDIC insured institution located in Lumber City, GA. It was founded in 1945 and has approximately $0.02 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 16281
Date Established 1945
Assets $ 24.70 million
Loans $ 13.60 million
Deposits $ 20.79 million
Capital $ 3.44 million
 

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

Deposit Rates - June 25, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - June 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Lumber City

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 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.510% 6.375%
0.75 points
$4,534 fees
$1,997 Learn More
PenFed Credit Union
NMLS ID: 401822
6.553% 6.375%
0.88 points
$6,000 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.735% 6.625%
0.88 points
$3,657 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.076% 6.990%
0.88 points
$2,800 fees
$2,127 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Bank of Lumber City
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Branches

Bank of Lumber City 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 Lumber City Locations



Climate Policy and Initiatives

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Financial Details

Bank of Lumber City Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Lumber City. 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 Lumber City U.S. Bank Average
0% 3.96%

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 December 31, 2024, Bank of Lumber City had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,437,000 in equity and $183,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of Lumber City U.S. Bank Average
-3.31% 12.20%

Bank of Lumber City has a Return on Equity of -3.31% versus the BestCashCow average of 12.20%. 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 Lumber City U.S. Bank Average
13.91% 10.76%

Bank of Lumber City has a Capitalization of 13.91% versus the BestCashCow average of 10.76. 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 Lumber City Balance Sheet Analysis

As of December 31, 2023, Bank of Lumber City had assets of $24,702,000, loans of $13,600,000, and deposits of $20,792,000. 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

December 31, 2024
ASSETS
Cash & Balances due from depository institutions $ 3.04 million
Interest-bearing balances $ 2.51 million
Total securities $ 4.88 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.60 million
Loan loss allowance $ 0.18 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.04 million
All other assets $ 2.00 million
     Total Assets $ 21.27 million
LIABILITIES
Total deposits $ 20.79 million
      Interest-bearing deposits $ 7.90 million
      Deposits held in domestic offices $ 20.79 million
      % insured (estimated) 91.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.53 million
      Total Liabilities $ 21.27 million
      Shareholders’ Equity $ 3.44 million

Summary Income Statement

December 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 1.36 million
Total Interest Expense $ 0.23 million
Net interest income $ 1.13 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.29 million
Total non interest expense $ 1.49 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of Lumber City’s loan portfolio are Commercial and Industrial Loans, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Georgia, Bank of Lumber City has a significantly higher percent of Small Business Loans, 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 20.09
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.82
Small Business Loans 21.65
Construction and Development Loans 0.00
Commercial Real Estate 7.93
Commercial and Industrial Loans 22.69
Farm Loans 3.54

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