First Choice Community Bank 1874

Headquarters

1595 Highway 34 East
Newnan, GA 30265
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Choice Community Bank 1874 is an FDIC insured institution located in Newnan, GA. It was founded in 1889 and has approximately $0.24 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16574
Date Established 1889
Assets $ 235.59 million
Loans $ 184.35 million
Deposits $ 216.45 million
Capital $ 18.65 million
 

For a more detailed analysis of First Choice Community Bank 1874's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - January 25, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 25, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Choice Community Bank 1874

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.562% 2.500% 0.75 $2,030 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to First Choice Community Bank 1874
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Branches

First Choice Community Bank 1874 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 Choice Community Bank 1874 Locations


Financial Details

First Choice Community Bank 1874 Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Choice Community Bank 1874. 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 Choice Community Bank 1874 U.S. Bank Average
1.69% 6.14%

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 September 30, 2020, First Choice Community Bank 1874 had $361,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,650,000 in equity and $2,705,000 in loans loss reserves. That gives it a Texas Ratio of 1.69%.

Return on Equity
First Choice Community Bank 1874 U.S. Bank Average
-14.02% 9.23%

First Choice Community Bank 1874 has a Return on Equity of -14.02% versus the BestCashCow average of 9.23%. 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 Choice Community Bank 1874 U.S. Bank Average
7.92% 12.07%

First Choice Community Bank 1874 has a Capitalization of 7.92% versus the BestCashCow average of 12.07. 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 Choice Community Bank 1874 Balance Sheet Analysis

As of November 30, -0001, First Choice Community Bank 1874 had assets of $235,591,000, loans of $184,352,000, and deposits of $216,454,000. 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

September 30, 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 $ 184.35 million
Loan loss allowance $ 2.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 216.45 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 $ 235.59 million

Summary Income Statement

September 30, 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 Choice Community Bank 1874’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Choice Community Bank 1874’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 Choice Community Bank 1874

Branches and Savings

Is First Choice Community Bank 1874 FDIC insured?

Yes. It is covered under FDIC Certificate #16574.

Why does First Choice Community Bank 1874 pay such low interest on savings accounts?

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

Why are First Choice Community Bank 1874 CD rates not competitive?

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

Is First Choice Community Bank 1874 a commercial bank?

Yes

Where are First Choice Community Bank 1874 locations?

See branch locations nearby.

Is First Choice Community Bank 1874 open on Saturdays?

Is First Choice Community Bank 1874 open on Sundays?

What time does First Choice Community Bank 1874 open?

What time does First Choice Community Bank 1874 close?

Are First Choice Community Bank 1874 ATMs Open 24/7?

Do First Choice Community Bank 1874 ATMs accept cash deposits?

Can First Choice Community Bank 1874 customers use other ATMs?

Do First Choice Community Bank 1874 branches have notaries?

Will First Choice Community Bank 1874 notarize my document?

What address for First Choice Community Bank 1874 should I put for incoming ACH transfers?

Will the First Choice Community Bank 1874 branch print checks?

Do First Choice Community Bank 1874 checks expire?

Does First Choice Community Bank 1874 require US citizenship to open account?

Can First Choice Community Bank 1874 close my account?

Does First Choice Community Bank 1874 Report to credit bureaus?

Does First Choice Community Bank 1874 Use Equifax?

What is First Choice Community Bank 1874's ACH Routing Number?

What is First Choice Community Bank 1874's SWIFT code?

Products

Does First Choice Community Bank 1874 offer mortgages?

Compare mortgage rates here.

Does First Choice Community Bank 1874 offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Choice Community Bank 1874 offer personal loans?

Compare personal loan rates here.

Does First Choice Community Bank 1874 offer student loans?

Will First Choice Community Bank 1874 cash a check?

Will First Choice Community Bank 1874 redeem a savings bond?

Does First Choice Community Bank 1874 cash savings bonds?

Will First Choice Community Bank 1874 cash money orders?

Can First Choice Community Bank 1874 issue a money order?

Does First Choice Community Bank 1874 do currency exchange?

Background on The Bank

Who owns First Choice Community Bank 1874?

How long has First Choice Community Bank 1874 been around?

Can First Choice Community Bank 1874 transfer to other banks?

Does First Choice Community Bank 1874 have quick pay?

Does First Choice Community Bank 1874 accept rolled coins?

Will First Choice Community Bank 1874 accept loose change?

Where is First Choice Community Bank 1874 headquarters?

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