First Chatham Bank

Headquarters

111 Barnard Street
Savannah, GA 31401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.70% 1.05% →
2-Year CD 0.80% 1.11% →
5-Year CD 1.21% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First Chatham Bank is an FDIC insured institution located in Savannah, GA. It was founded in 2002 and has approximately $0.38 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 57252
Date Established 2002
Assets $ 377.23 million
Loans $ 245.61 million
Deposits $ 338.53 million
Capital $ 38.64 million
 

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

Deposit Rates - August 14, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
1.12% $10,000 $14,999 Learn More
48 Mo CD
1.12% $100,000 $199,999 Learn More
60 Mo CD
1.21% $10,000 $14,999 Learn More
60 Mo CD
1.21% $100,000 $199,999 Learn More


Loan Rates - August 14, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Chatham 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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 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

Note to First Chatham Bank
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Branches

First Chatham 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


First Chatham Bank Locations


Financial Details

First Chatham Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Chatham 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
First Chatham Bank U.S. Bank Average
40.49% 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 Chatham Bank had $4,602,000 in non-current loans and $12,344,000 in owned real estate. To cover these potential losses it had $38,640,000 in equity and $3,209,000 in loans loss reserves. That gives it a Texas Ratio of 40.49%.

Return on Equity
First Chatham Bank U.S. Bank Average
2.21% 7.80%

First Chatham Bank has a Return on Equity of 2.21% 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 Chatham Bank U.S. Bank Average
10.24% 12.68%

First Chatham Bank has a Capitalization of 10.24% 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 Chatham Bank Balance Sheet Analysis

As of March 31, 2020, First Chatham Bank had assets of $377,234,000, loans of $245,609,000, and deposits of $338,525,000. 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 $ 57.21 million
Interest-bearing balances $ 52.22 million
Total securities $ 26.11 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 245.61 million
Loan loss allowance $ 3.21 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 12.34 million
Goodwill and other intangibles $ 1.88 million
All other assets $ 23.15 million
     Total Assets $ 338.59 million
LIABILITIES
Total deposits $ 338.53 million
      Interest-bearing deposits $ 247.20 million
      Deposits held in domestic offices $ 338.53 million
      % insured (estimated) 80.28%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.07 million
      Total Liabilities $ 338.59 million
      Shareholders’ Equity $ 38.64 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.87 million
Total Interest Expense $ 0.44 million
Net interest income $ 3.44 million
Provision for loan and lease losses $ 0.25 million
Total non interest income $ 1.47 million
Total non interest expense $ 4.41 million
Pre-tax Net Operating Income $ 0.24 million

Bank Loan Profile?

The top three loan types in First Chatham Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Georgia, First Chatham Bank has a significantly higher percent of Construction and Development 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 21.08
Multifamily
Mortgages
3.14
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 0.00
Construction and Development Loans 17.05
Commercial Real Estate 47.77
Commercial and Industrial Loans 10.76
Farm Loans 0.00

Frequently Asked Questions About First Chatham Bank

Branches and Savings

Is First Chatham Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57252.

Why does First Chatham Bank pay such low interest on savings accounts?

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

Why are First Chatham Bank CD rates not competitive?

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

Is First Chatham Bank a commercial bank?

Yes

Where are First Chatham Bank locations?

See branch locations nearby.

Is First Chatham Bank open on Saturdays?

Is First Chatham Bank open on Sundays?

What time does First Chatham Bank open?

What time does First Chatham Bank close?

Are First Chatham Bank ATMs Open 24/7?

Do First Chatham Bank ATMs accept cash deposits?

Can First Chatham Bank customers use other ATMs?

Do First Chatham Bank branches have notaries?

Will First Chatham Bank notarize my document?

What address for First Chatham Bank should I put for incoming ACH transfers?

Will the First Chatham Bank branch print checks?

Do First Chatham Bank checks expire?

Does First Chatham Bank require US citizenship to open account?

Can First Chatham Bank close my account?

Does First Chatham Bank Report to credit bureaus?

Does First Chatham Bank Use Equifax?

What is First Chatham Bank's ACH Routing Number?

What is First Chatham Bank's SWIFT code?

Products

Does First Chatham Bank offer mortgages?

Compare mortgage rates here.

Does First Chatham Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Chatham Bank offer personal loans?

Compare personal loan rates here.

Does First Chatham Bank offer student loans?

Will First Chatham Bank cash a check?

Will First Chatham Bank redeem a savings bond?

Does First Chatham Bank cash savings bonds?

Will First Chatham Bank cash money orders?

Can First Chatham Bank issue a money order?

Does First Chatham Bank do currency exchange?

Background on The Bank

Who owns First Chatham Bank?

How long has First Chatham Bank been around?

Can First Chatham Bank transfer to other banks?

Does First Chatham Bank have quick pay?

Does First Chatham Bank accept rolled coins?

Will First Chatham Bank accept loose change?

Where is First Chatham Bank headquarters?

Customer Reviews for First Chatham Bank


  • September 18, 2018

    I have been a satisfied customer at the Hodgson Memorial branch. The customer service is always excellent. Jenny Collins has been especially helpful and professional.

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