Community Bank of Rockmart

Headquarters

1400 Chattahoochee Drive
Rockmart, GA 30153
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

Community Bank of Rockmart is an FDIC insured institution located in Rockmart, GA. It was founded in 2005 and has approximately $0.06 billion in assets.

Seized by FDIC on November 10, 2011. Assets transferred to Century Bank of Georgia.

FDIC Insured Yes
FDIC Certificate # 57860
Date Established 2005
Assets $ 62.38 million
Loans $ 39.47 million
Deposits $ 55.91 million
Capital $ 1.36 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Community Bank of Rockmart

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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Note to Community Bank of Rockmart
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Branches

Community Bank of Rockmart 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


Community Bank of Rockmart Locations


Financial Details

Community Bank of Rockmart Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Community Bank of Rockmart. 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
Community Bank of Rockmart U.S. Bank Average
346.07% 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, Community Bank of Rockmart had $6,908,000 in non-current loans and $2,564,000 in owned real estate. To cover these potential losses it had $1,364,000 in equity and $1,373,000 in loans loss reserves. That gives it a Texas Ratio of 346.07%.

Return on Equity
Community Bank of Rockmart U.S. Bank Average
-10.07% 7.80%

Community Bank of Rockmart has a Return on Equity of -10.07% 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
Community Bank of Rockmart U.S. Bank Average
2.19% 12.68%

Community Bank of Rockmart has a Capitalization of 2.19% 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.

Community Bank of Rockmart Balance Sheet Analysis

As of September 30, 2011, Community Bank of Rockmart had assets of $62,383,000, loans of $39,472,000, and deposits of $55,906,000. 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 $ 39.47 million
Loan loss allowance $ 1.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.56 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 55.91 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 $ 62.38 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 Community Bank of Rockmart’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Community Bank of Rockmart’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 Community Bank Of Rockmart

Branches and Savings

Is Community Bank Of Rockmart FDIC insured?

Yes. It is covered under FDIC Certificate #57860.

Why does Community Bank Of Rockmart pay such low interest on savings accounts?

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

Why are Community Bank Of Rockmart CD rates not competitive?

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

Is Community Bank Of Rockmart a commercial bank?

Yes

Where are Community Bank Of Rockmart locations?

See branch locations nearby.

Is Community Bank Of Rockmart open on Saturdays?

Is Community Bank Of Rockmart open on Sundays?

What time does Community Bank Of Rockmart open?

What time does Community Bank Of Rockmart close?

Are Community Bank Of Rockmart ATMs Open 24/7?

Do Community Bank Of Rockmart ATMs accept cash deposits?

Can Community Bank Of Rockmart customers use other ATMs?

Do Community Bank Of Rockmart branches have notaries?

Will Community Bank Of Rockmart notarize my document?

What address for Community Bank Of Rockmart should I put for incoming ACH transfers?

Will the Community Bank Of Rockmart branch print checks?

Do Community Bank Of Rockmart checks expire?

Does Community Bank Of Rockmart require US citizenship to open account?

Can Community Bank Of Rockmart close my account?

Does Community Bank Of Rockmart Report to credit bureaus?

Does Community Bank Of Rockmart Use Equifax?

What is Community Bank Of Rockmart's ACH Routing Number?

What is Community Bank Of Rockmart's SWIFT code?

Products

Does Community Bank Of Rockmart offer mortgages?

Compare mortgage rates here.

Does Community Bank Of Rockmart offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Community Bank Of Rockmart offer personal loans?

Compare personal loan rates here.

Does Community Bank Of Rockmart offer student loans?

Will Community Bank Of Rockmart cash a check?

Will Community Bank Of Rockmart redeem a savings bond?

Does Community Bank Of Rockmart cash savings bonds?

Will Community Bank Of Rockmart cash money orders?

Can Community Bank Of Rockmart issue a money order?

Does Community Bank Of Rockmart do currency exchange?

Background on The Bank

Who owns Community Bank Of Rockmart?

How long has Community Bank Of Rockmart been around?

Can Community Bank Of Rockmart transfer to other banks?

Does Community Bank Of Rockmart have quick pay?

Does Community Bank Of Rockmart accept rolled coins?

Will Community Bank Of Rockmart accept loose change?

Where is Community Bank Of Rockmart headquarters?

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