CharterBank

1233 O.G. Skinner Dr
West Point, GA 31833

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30720
Date Established 1954
Assets $1.64 billion
Loans $1.15 billion
Deposits $1.37 billion
Capital $0.20 billion

CharterBank is an FDIC insured institution located in West Point, GA. It was founded in 1954 and has approximately $1.64 billion in assets. Customers can open an account at one of its 21 branches.

For a more detailed analysis of CharterBank'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 CharterBank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Georgia, CharterBank has a significantly higher percent of Small Business 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 24.75
Multifamily
Mortgages
2.61
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 16.84
Construction and Development Loans 13.68
Commercial Real Estate 46.33
Commercial and Industrial Loans 8.38
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.11% $1,500 - Learn MoreShow Less
3 Mo CD 10K
0.03% $1,500 - Learn MoreShow Less
3 Mo CD 10K
0.15% $5,000 - Learn MoreShow Less
6 Mo CD 10K
0.28% $1,500 - Learn MoreShow Less
6 Mo CD 10K
0.06% $1,500 - Learn MoreShow Less
6 Mo CD 10K
0.20% $5,000 - Learn MoreShow Less
Special: 11 Mo CD
1.00% $1,500 - Learn MoreShow Less
Special: 11 Mo CD
1.10% $1,500 - Learn MoreShow Less
12 Mo CD 10K
0.50% $1,500 - Learn MoreShow Less
12 Mo CD 10K
0.10% $1,500 - Learn MoreShow Less
12 Mo CD 10K
0.75% $5,000 - Learn MoreShow Less
Special: 15 Mo CD
1.35% $1,500 - Learn MoreShow Less
18 Mo CD 10K
0.60% $1,500 - Learn MoreShow Less
18 Mo CD 10K
0.20% $1,500 - Learn MoreShow Less
18 Mo CD 10K
0.85% $5,000 - Learn MoreShow Less
Special: 20 Mo CD
1.10% $1,500 - Learn MoreShow Less
Special: 20 Mo CD
1.25% $1,500 - Learn MoreShow Less
Special: 20 Mo CD
1.04% $1,500 - Learn MoreShow Less
24 Mo CD 10K
0.60% $1,500 - Learn MoreShow Less
24 Mo CD 10K
0.20% $1,500 - Learn MoreShow Less
Special: 24 Mo CD
1.25% $25,000 - Learn MoreShow Less
24 Mo CD 100K
1.25% $25,000 - Learn MoreShow Less
Special: 30 Mo CD
1.35% $25,000 - Learn MoreShow Less
Special: 35 Mo CD
1.24% $1,500 - Learn MoreShow Less
Special: 35 Mo CD
1.05% $1,500 - Learn MoreShow Less
Special: 35 Mo CD
1.25% $1,500 - Learn MoreShow Less
36 Mo CD 10K
0.70% $1,500 - Learn MoreShow Less
36 Mo CD 10K
0.30% $1,500 - Learn MoreShow Less
36 Mo CD 10K
1.37% $5,000 - Learn MoreShow Less
48 Mo CD 10K
1.40% $5,000 - Learn MoreShow Less
Special: 59 Mo CD
1.35% $1,500 - Learn MoreShow Less
Special: 59 Mo CD
1.30% $1,500 - Learn MoreShow Less
Special: 59 Mo CD
1.49% $1,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.04% $100 - Learn MoreShow Less
Savings 2.5K
0.10% $500 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.10% $1,500 - Learn MoreShow Less
Fixed IRA 0K
0.50% $1,500 - Learn MoreShow Less
Fixed IRA 0K
0.75% $5,000 - Learn MoreShow Less
Special: 24 Mo FIRA
1.25% $25,000 - Learn MoreShow Less
Special: 30 Mo FIRA
1.35% $25,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.09% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $9,999 Learn MoreShow Less
MM 10K
0.15% $1,000 $14,999 Learn MoreShow Less
MM 10K
0.05% $1,000 $14,999 Learn MoreShow Less
MM 25K
0.25% $15,000 $99,999 Learn MoreShow Less
MM 25K
0.09% $15,000 $99,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
1.05% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 $1,500 Learn MoreShow Less
Int Ckg 2.5K
0.05% $1,500 $14,999 Learn MoreShow Less
Int Ckg 2.5K
0.10% $1,501 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for CharterBank

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Ally Mortgage
NMLS ID: 181005
4.524% 4.500% 0.00 $786 $1,267 Learn More
Flagstar Bank, FSB
NMLS ID: 417490
4.536% 4.500% 0.00 $1,070 $1,267 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.275% 4.250% -0.13 $862 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.334% 4.250% 0.00 $2,500 $1,230 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to CharterBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

CharterBank 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


CharterBank Locations

Financial Details

CharterBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CharterBank. 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
CharterBank U.S. Bank Average
1.46% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2017, CharterBank had $1,706,000 in non-current loans and $1,437,000 in owned real estate. To cover these potential losses it had $204,292,000 in equity and $11,078,000 in loans loss reserves. That gives it a Texas Ratio of 1.46%.

Return on Equity
CharterBank U.S. Bank Average
7.26% 8.84%

CharterBank has a Return on Equity of 7.26% versus the BestCashCow average of 8.84%. 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
CharterBank U.S. Bank Average
12.44% 12.21%

CharterBank has a Capitalization of 12.44% versus the BestCashCow average of 12.21. 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.

CharterBank Balance Sheet Analysis

As of September 30, 2017, CharterBank had assets of $1,642,043,000, loans of $1,152,828,000, and deposits of $1,367,901,000. 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 Charterbank

Branches and Savings

Is Charterbank FDIC insured?

Yes. It is covered under FDIC Certificate #30720.

Why does Charterbank pay such low interest on savings accounts?

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

Why are Charterbank CD rates not competitive?

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

Is Charterbank a commercial bank?

Yes

Where are Charterbank locations?

See branch locations nearby.

Is Charterbank open on Saturdays?

Is Charterbank open on Sundays?

What time does Charterbank open?

What time does Charterbank close?

Are Charterbank ATMs Open 24/7?

Do Charterbank ATMs accept cash deposits?

Can Charterbank customers use other ATMs?

Do Charterbank branches have notaries?

Will Charterbank notarize my document?

What address for Charterbank should I put for incoming ACH transfers?

Will the Charterbank branch print checks?

Do Charterbank checks expire?

Does Charterbank require US citizenship to open account?

Can Charterbank close my account?

Does Charterbank Report to credit bureaus?

Does Charterbank Use Equifax?

What is Charterbank's ACH Routing Number?

What is Charterbank's SWIFT code?

Products

Does Charterbank offer mortgages?

Compare mortgage rates here.

Does Charterbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Charterbank offer personal loans?

Compare personal loan rates here.

Does Charterbank offer student loans?

Will Charterbank cash a check?

Will Charterbank redeem a savings bond?

Does Charterbank cash savings bonds?

Will Charterbank cash money orders?

Can Charterbank issue a money order?

Does Charterbank do currency exchange?

Background on The Bank

Who owns Charterbank?

How long has Charterbank been around?

Can Charterbank transfer to other banks?

Does Charterbank have quick pay?

Does Charterbank accept rolled coins?

Will Charterbank accept loose change?

Where is Charterbank headquarters?

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