First Cherokee State Bank

Headquarters

9860 Highway 92
Woodstock, GA 30188
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

First Cherokee State Bank is an FDIC insured institution located in Woodstock, GA. It was founded in 1989 and has approximately $0.21 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32711
Date Established 1989
Assets $ 209.02 million
Loans $ 127.70 million
Deposits $ 182.11 million
Capital $ 0.32 million
 

For a more detailed analysis of First Cherokee State Bank'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 First Cherokee 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut 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 First Cherokee State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

First Cherokee 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


First Cherokee State Bank Locations


Financial Details

First Cherokee State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Cherokee 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
First Cherokee State Bank U.S. Bank Average
706.76% 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 Cherokee State Bank had $11,571,000 in non-current loans and $19,816,000 in owned real estate. To cover these potential losses it had $315,000 in equity and $4,126,000 in loans loss reserves. That gives it a Texas Ratio of 706.76%.

Return on Equity
First Cherokee State Bank U.S. Bank Average
-347.77% 7.80%

First Cherokee State Bank has a Return on Equity of -347.77% 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 Cherokee State Bank U.S. Bank Average
0.15% 12.68%

First Cherokee State Bank has a Capitalization of 0.15% 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 Cherokee State Bank Balance Sheet Analysis

As of June 30, 2012, First Cherokee State Bank had assets of $209,021,000, loans of $127,699,000, and deposits of $182,114,000. 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 $ 127.70 million
Loan loss allowance $ 4.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 19.82 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 182.11 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 $ 209.02 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 First Cherokee State Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Cherokee 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 First Cherokee State Bank

Branches and Savings

Is First Cherokee State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32711.

Why does First Cherokee 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 First Cherokee State Bank CD rates not competitive?

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

Is First Cherokee State Bank a commercial bank?

Yes

Where are First Cherokee State Bank locations?

See branch locations nearby.

Is First Cherokee State Bank open on Saturdays?

Is First Cherokee State Bank open on Sundays?

What time does First Cherokee State Bank open?

What time does First Cherokee State Bank close?

Are First Cherokee State Bank ATMs Open 24/7?

Do First Cherokee State Bank ATMs accept cash deposits?

Can First Cherokee State Bank customers use other ATMs?

Do First Cherokee State Bank branches have notaries?

Will First Cherokee State Bank notarize my document?

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

Will the First Cherokee State Bank branch print checks?

Do First Cherokee State Bank checks expire?

Does First Cherokee State Bank require US citizenship to open account?

Can First Cherokee State Bank close my account?

Does First Cherokee State Bank Report to credit bureaus?

Does First Cherokee State Bank Use Equifax?

What is First Cherokee State Bank's ACH Routing Number?

What is First Cherokee State Bank's SWIFT code?

Products

Does First Cherokee State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Cherokee State Bank offer personal loans?

Compare personal loan rates here.

Does First Cherokee State Bank offer student loans?

Will First Cherokee State Bank cash a check?

Will First Cherokee State Bank redeem a savings bond?

Does First Cherokee State Bank cash savings bonds?

Will First Cherokee State Bank cash money orders?

Can First Cherokee State Bank issue a money order?

Does First Cherokee State Bank do currency exchange?

Background on The Bank

Who owns First Cherokee State Bank?

How long has First Cherokee State Bank been around?

Can First Cherokee State Bank transfer to other banks?

Does First Cherokee State Bank have quick pay?

Does First Cherokee State Bank accept rolled coins?

Will First Cherokee State Bank accept loose change?

Where is First Cherokee State Bank headquarters?

Customer Reviews for First Cherokee State Bank

There are currently no comments for First Cherokee State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →