First Landmark Bank

Headquarters

307 North Marietta Parkway
Marietta, GA 30060
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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 Landmark Bank is an FDIC insured institution located in Marietta, GA. It was founded in 2008 and has approximately $0.59 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 58705
Date Established 2008
Assets $ 571.98 million
Loans $ 463.42 million
Deposits $ 469.97 million
Capital $ 71.24 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Landmark 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

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3.746% 3.625% 1.00 $3,750 $1,141 Learn More
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Featured - Virginia Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
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More Info

Note to First Landmark Bank
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Branches

First Landmark 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 Landmark Bank Locations


Financial Details

First Landmark Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Landmark 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 Landmark Bank U.S. Bank Average
0.27% 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 Landmark Bank had $204,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $71,238,000 in equity and $5,154,000 in loans loss reserves. That gives it a Texas Ratio of 0.27%.

Return on Equity
First Landmark Bank U.S. Bank Average
2.27% 7.80%

First Landmark Bank has a Return on Equity of 2.27% 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 Landmark Bank U.S. Bank Average
12.45% 12.68%

First Landmark Bank has a Capitalization of 12.45% 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 Landmark Bank Balance Sheet Analysis

As of June 30, 2018, First Landmark Bank had assets of $589,141,000, loans of $463,421,000, and deposits of $469,974,000. 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 $ 32.11 million
Interest-bearing balances $ 30.02 million
Total securities $ 65.32 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 463.42 million
Loan loss allowance $ 5.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.85 million
All other assets $ 12.86 million
     Total Assets $ 517.90 million
LIABILITIES
Total deposits $ 469.97 million
      Interest-bearing deposits $ 328.60 million
      Deposits held in domestic offices $ 469.97 million
      % insured (estimated) 64.03%
Federal funds purchased and repurchase agreements $ 1.09 million
Trading liabilities N.A.
Other borrowed funds $ 43.60 million
Subordinated debt N.A.
All other liabilities $ 3.24 million
      Total Liabilities $ 517.90 million
      Shareholders’ Equity $ 54.07 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 13.99 million
Total Interest Expense $ 2.01 million
Net interest income $ 11.98 million
Provision for loan and lease losses $ 2.11 million
Total non interest income $ 1.75 million
Total non interest expense $ 8.98 million
Pre-tax Net Operating Income $ 2.64 million

Bank Loan Profile?

The top three loan types in First Landmark Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in Georgia, First Landmark Bank has a significantly higher percent of Small Business Loans, Construction and Development 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 9.32
Multifamily
Mortgages
3.91
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 15.92
Construction and Development Loans 17.71
Commercial Real Estate 52.84
Commercial and Industrial Loans 17.10
Farm Loans 0.00

Frequently Asked Questions About First Landmark Bank

Branches and Savings

Is First Landmark Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58705.

Why does First Landmark 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 Landmark Bank CD rates not competitive?

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

Is First Landmark Bank a commercial bank?

Yes

Where are First Landmark Bank locations?

See branch locations nearby.

Is First Landmark Bank open on Saturdays?

Is First Landmark Bank open on Sundays?

What time does First Landmark Bank open?

What time does First Landmark Bank close?

Are First Landmark Bank ATMs Open 24/7?

Do First Landmark Bank ATMs accept cash deposits?

Can First Landmark Bank customers use other ATMs?

Do First Landmark Bank branches have notaries?

Will First Landmark Bank notarize my document?

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

Will the First Landmark Bank branch print checks?

Do First Landmark Bank checks expire?

Does First Landmark Bank require US citizenship to open account?

Can First Landmark Bank close my account?

Does First Landmark Bank Report to credit bureaus?

Does First Landmark Bank Use Equifax?

What is First Landmark Bank's ACH Routing Number?

What is First Landmark Bank's SWIFT code?

Products

Does First Landmark Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Landmark Bank offer personal loans?

Compare personal loan rates here.

Does First Landmark Bank offer student loans?

Will First Landmark Bank cash a check?

Will First Landmark Bank redeem a savings bond?

Does First Landmark Bank cash savings bonds?

Will First Landmark Bank cash money orders?

Can First Landmark Bank issue a money order?

Does First Landmark Bank do currency exchange?

Background on The Bank

Who owns First Landmark Bank?

How long has First Landmark Bank been around?

Can First Landmark Bank transfer to other banks?

Does First Landmark Bank have quick pay?

Does First Landmark Bank accept rolled coins?

Will First Landmark Bank accept loose change?

Where is First Landmark Bank headquarters?

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