First Bank of Coastal Georgia

Headquarters

250 West Bacon Street
Pembroke, GA 31321
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.05% →
1-Year CD 0.55% 1.05% →
2-Year CD 0.65% 1.11% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

First Bank of Coastal Georgia is an FDIC insured institution located in Pembroke, GA. It was founded in 1907 and has approximately $0.13 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 15580
Date Established 1907
Assets $ 125.87 million
Loans $ 37.09 million
Deposits $ 106.28 million
Capital $ 15.90 million
 

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

Deposit Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.70% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 12, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Bank of Coastal Georgia

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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 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
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to First Bank of Coastal Georgia
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Branches

First Bank of Coastal Georgia 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


First Bank of Coastal Georgia Locations


Financial Details

First Bank of Coastal Georgia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Bank of Coastal Georgia. 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
First Bank of Coastal Georgia U.S. Bank Average
1.73% 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, First Bank of Coastal Georgia had $12,000 in non-current loans and $278,000 in owned real estate. To cover these potential losses it had $15,903,000 in equity and $878,000 in loans loss reserves. That gives it a Texas Ratio of 1.73%.

Return on Equity
First Bank of Coastal Georgia U.S. Bank Average
6.05% 7.80%

First Bank of Coastal Georgia has a Return on Equity of 6.05% 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
First Bank of Coastal Georgia U.S. Bank Average
12.63% 12.68%

First Bank of Coastal Georgia has a Capitalization of 12.63% 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.

First Bank of Coastal Georgia Balance Sheet Analysis

As of March 31, 2020, First Bank of Coastal Georgia had assets of $125,871,000, loans of $37,085,000, and deposits of $106,277,000. 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 $ 5.47 million
Interest-bearing balances $ 2.87 million
Total securities $ 80.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 37.09 million
Loan loss allowance $ 0.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.28 million
Goodwill and other intangibles N.A.
All other assets $ 1.91 million
     Total Assets $ 109.97 million
LIABILITIES
Total deposits $ 106.28 million
      Interest-bearing deposits $ 86.23 million
      Deposits held in domestic offices $ 106.28 million
      % insured (estimated) 56.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.50 million
Subordinated debt N.A.
All other liabilities $ 0.19 million
      Total Liabilities $ 109.97 million
      Shareholders’ Equity $ 15.90 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.07 million
Total Interest Expense $ 0.19 million
Net interest income $ 0.88 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.76 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

The top three loan types in First Bank of Coastal Georgia’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Georgia, First Bank of Coastal Georgia has a significantly higher percent of Multifamily Mortgages 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 32.47
Multifamily
Mortgages
9.43
Credit Card Loans 0.42
Consumer Auto Loans 0.38
Small Business Loans 0.00
Construction and Development Loans 6.12
Commercial Real Estate 42.87
Commercial and Industrial Loans 8.04
Farm Loans 0.02

Frequently Asked Questions About First Bank Of Coastal Georgia

Branches and Savings

Is First Bank Of Coastal Georgia FDIC insured?

Yes. It is covered under FDIC Certificate #15580.

Why does First Bank Of Coastal Georgia pay such low interest on savings accounts?

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

Why are First Bank Of Coastal Georgia CD rates not competitive?

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

Is First Bank Of Coastal Georgia a commercial bank?

Yes

Where are First Bank Of Coastal Georgia locations?

See branch locations nearby.

Is First Bank Of Coastal Georgia open on Saturdays?

Is First Bank Of Coastal Georgia open on Sundays?

What time does First Bank Of Coastal Georgia open?

What time does First Bank Of Coastal Georgia close?

Are First Bank Of Coastal Georgia ATMs Open 24/7?

Do First Bank Of Coastal Georgia ATMs accept cash deposits?

Can First Bank Of Coastal Georgia customers use other ATMs?

Do First Bank Of Coastal Georgia branches have notaries?

Will First Bank Of Coastal Georgia notarize my document?

What address for First Bank Of Coastal Georgia should I put for incoming ACH transfers?

Will the First Bank Of Coastal Georgia branch print checks?

Do First Bank Of Coastal Georgia checks expire?

Does First Bank Of Coastal Georgia require US citizenship to open account?

Can First Bank Of Coastal Georgia close my account?

Does First Bank Of Coastal Georgia Report to credit bureaus?

Does First Bank Of Coastal Georgia Use Equifax?

What is First Bank Of Coastal Georgia's ACH Routing Number?

What is First Bank Of Coastal Georgia's SWIFT code?

Products

Does First Bank Of Coastal Georgia offer mortgages?

Compare mortgage rates here.

Does First Bank Of Coastal Georgia offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Bank Of Coastal Georgia offer personal loans?

Compare personal loan rates here.

Does First Bank Of Coastal Georgia offer student loans?

Will First Bank Of Coastal Georgia cash a check?

Will First Bank Of Coastal Georgia redeem a savings bond?

Does First Bank Of Coastal Georgia cash savings bonds?

Will First Bank Of Coastal Georgia cash money orders?

Can First Bank Of Coastal Georgia issue a money order?

Does First Bank Of Coastal Georgia do currency exchange?

Background on The Bank

Who owns First Bank Of Coastal Georgia?

How long has First Bank Of Coastal Georgia been around?

Can First Bank Of Coastal Georgia transfer to other banks?

Does First Bank Of Coastal Georgia have quick pay?

Does First Bank Of Coastal Georgia accept rolled coins?

Will First Bank Of Coastal Georgia accept loose change?

Where is First Bank Of Coastal Georgia headquarters?

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