Eastside Commercial Bank

Headquarters

895 Iris Drive
Conyers, GA 30013
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

Eastside Commercial Bank is an FDIC insured institution located in Conyers, GA. It was founded in 2005 and has approximately $0.17 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58125
Date Established 2005
Assets $ 173.95 million
Loans $ 105.50 million
Deposits $ 166.88 million
Capital $ 1.64 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Eastside Commercial Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Eastside Commercial Bank
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Branches

Eastside Commercial 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:
Ashburn,Virginia


Eastside Commercial Bank Locations


Financial Details

Eastside Commercial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Eastside Commercial 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
Eastside Commercial Bank U.S. Bank Average
618.06% 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, Eastside Commercial Bank had $11,439,000 in non-current loans and $12,888,000 in owned real estate. To cover these potential losses it had $1,636,000 in equity and $2,300,000 in loans loss reserves. That gives it a Texas Ratio of 618.06%.

Return on Equity
Eastside Commercial Bank U.S. Bank Average
-142.78% 7.80%

Eastside Commercial Bank has a Return on Equity of -142.78% 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
Eastside Commercial Bank U.S. Bank Average
0.94% 12.68%

Eastside Commercial Bank has a Capitalization of 0.94% 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.

Eastside Commercial Bank Balance Sheet Analysis

As of June 30, 2014, Eastside Commercial Bank had assets of $173,946,000, loans of $105,499,000, and deposits of $166,875,000. 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 $ 105.50 million
Loan loss allowance $ 2.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 12.89 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 166.88 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 $ 173.95 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 Eastside Commercial Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Georgia, Eastside Commercial Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 9.22
Multifamily
Mortgages
0.95
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 16.77
Construction and Development Loans 11.88
Commercial Real Estate 64.36
Commercial and Industrial Loans 12.41
Farm Loans 0.00

Frequently Asked Questions About Eastside Commercial Bank

Branches and Savings

Is Eastside Commercial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58125.

Why does Eastside Commercial Bank pay such low interest on savings accounts?

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

Why are Eastside Commercial Bank CD rates not competitive?

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

Is Eastside Commercial Bank a commercial bank?

Yes

Where are Eastside Commercial Bank locations?

See branch locations nearby.

Is Eastside Commercial Bank open on Saturdays?

Is Eastside Commercial Bank open on Sundays?

What time does Eastside Commercial Bank open?

What time does Eastside Commercial Bank close?

Are Eastside Commercial Bank ATMs Open 24/7?

Do Eastside Commercial Bank ATMs accept cash deposits?

Can Eastside Commercial Bank customers use other ATMs?

Do Eastside Commercial Bank branches have notaries?

Will Eastside Commercial Bank notarize my document?

What address for Eastside Commercial Bank should I put for incoming ACH transfers?

Will the Eastside Commercial Bank branch print checks?

Do Eastside Commercial Bank checks expire?

Does Eastside Commercial Bank require US citizenship to open account?

Can Eastside Commercial Bank close my account?

Does Eastside Commercial Bank Report to credit bureaus?

Does Eastside Commercial Bank Use Equifax?

What is Eastside Commercial Bank's ACH Routing Number?

What is Eastside Commercial Bank's SWIFT code?

Products

Does Eastside Commercial Bank offer mortgages?

Compare mortgage rates here.

Does Eastside Commercial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Eastside Commercial Bank offer personal loans?

Compare personal loan rates here.

Does Eastside Commercial Bank offer student loans?

Will Eastside Commercial Bank cash a check?

Will Eastside Commercial Bank redeem a savings bond?

Does Eastside Commercial Bank cash savings bonds?

Will Eastside Commercial Bank cash money orders?

Can Eastside Commercial Bank issue a money order?

Does Eastside Commercial Bank do currency exchange?

Background on The Bank

Who owns Eastside Commercial Bank?

How long has Eastside Commercial Bank been around?

Can Eastside Commercial Bank transfer to other banks?

Does Eastside Commercial Bank have quick pay?

Does Eastside Commercial Bank accept rolled coins?

Will Eastside Commercial Bank accept loose change?

Where is Eastside Commercial Bank headquarters?

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