Chestatee State Bank

Headquarters

6639 Highway 53 East
Dawsonville, GA 30534
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 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

Chestatee State Bank is an FDIC insured institution located in Dawsonville, GA. It was founded in 1998 and has approximately $0.24 billion in assets.

Chestatee State Bank, Dawsonville, Georgia, was closed December 17, 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 Bank of the Ozarks, Little Rock, Arkansas, to assume all of the deposits of Chestatee State Bank.

FDIC Insured Yes
FDIC Certificate # 34578
Date Established 1998
Assets $ 244.38 million
Loans $ 167.35 million
Deposits $ 240.48 million
Capital $ 2.12 million
 

For a more detailed analysis of Chestatee State Bank'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


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Chestatee State Bank

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

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2.565% 2.500% 0.88 $2,142 $988 Learn More
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3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
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2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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4.000 %
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Third Federal Savings and Loans
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2.240 %
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Note to Chestatee State Bank
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Branches

Chestatee State Bank 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


Chestatee State Bank Locations


Financial Details

Chestatee State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chestatee State Bank. 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
Chestatee State Bank U.S. Bank Average
1085.44% 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, Chestatee State Bank had $28,119,000 in non-current loans and $30,310,000 in owned real estate. To cover these potential losses it had $2,124,000 in equity and $3,259,000 in loans loss reserves. That gives it a Texas Ratio of 1085.44%.

Return on Equity
Chestatee State Bank U.S. Bank Average
-163.8% 7.80%

Chestatee State Bank has a Return on Equity of -163.8% 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
Chestatee State Bank U.S. Bank Average
0.87% 12.68%

Chestatee State Bank has a Capitalization of 0.87% 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.

Chestatee State Bank Balance Sheet Analysis

As of November 30, -0001, Chestatee State Bank had assets of $244,376,000, loans of $167,346,000, and deposits of $240,476,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 167.35 million
Loan loss allowance $ 3.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 30.31 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 240.48 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 244.38 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Chestatee State Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Chestatee State Bank’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

Frequently Asked Questions About Chestatee State Bank

Branches and Savings

Is Chestatee State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34578.

Why does Chestatee State Bank pay such low interest on savings accounts?

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

Why are Chestatee State Bank CD rates not competitive?

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

Is Chestatee State Bank a commercial bank?

Yes

Where are Chestatee State Bank locations?

See branch locations nearby.

Is Chestatee State Bank open on Saturdays?

Is Chestatee State Bank open on Sundays?

What time does Chestatee State Bank open?

What time does Chestatee State Bank close?

Are Chestatee State Bank ATMs Open 24/7?

Do Chestatee State Bank ATMs accept cash deposits?

Can Chestatee State Bank customers use other ATMs?

Do Chestatee State Bank branches have notaries?

Will Chestatee State Bank notarize my document?

What address for Chestatee State Bank should I put for incoming ACH transfers?

Will the Chestatee State Bank branch print checks?

Do Chestatee State Bank checks expire?

Does Chestatee State Bank require US citizenship to open account?

Can Chestatee State Bank close my account?

Does Chestatee State Bank Report to credit bureaus?

Does Chestatee State Bank Use Equifax?

What is Chestatee State Bank's ACH Routing Number?

What is Chestatee State Bank's SWIFT code?

Products

Does Chestatee State Bank offer mortgages?

Compare mortgage rates here.

Does Chestatee State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Chestatee State Bank offer personal loans?

Compare personal loan rates here.

Does Chestatee State Bank offer student loans?

Will Chestatee State Bank cash a check?

Will Chestatee State Bank redeem a savings bond?

Does Chestatee State Bank cash savings bonds?

Will Chestatee State Bank cash money orders?

Can Chestatee State Bank issue a money order?

Does Chestatee State Bank do currency exchange?

Background on The Bank

Who owns Chestatee State Bank?

How long has Chestatee State Bank been around?

Can Chestatee State Bank transfer to other banks?

Does Chestatee State Bank have quick pay?

Does Chestatee State Bank accept rolled coins?

Will Chestatee State Bank accept loose change?

Where is Chestatee State Bank headquarters?

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