First National Bank of Georgia

Headquarters

201 Maple Street
Carrollton, GA 30117
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
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 National Bank of Georgia is an FDIC insured institution located in Carrollton, GA. It was founded in 1946 and has approximately $0.84 billion in assets.

First National Bank of Georgia, Carrollton, Georgia, was closed January 29, 2010 by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia, a newly chartered institution, to assume all of the deposits of First National Bank of Georgia.

FDIC Insured Yes
FDIC Certificate # 16480
Date Established 1946
Assets $ 840.63 million
Loans $ 539.82 million
Deposits $ 780.20 million
Capital $ 0.24 million
 

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

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First National Bank of 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

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Payment
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AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
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
See Table
2.240 %
$0 Learn More
More Info

Note to First National Bank of Georgia
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Branches

First National Bank of 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 National Bank of Georgia Locations


Financial Details

First National Bank of Georgia Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of 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 National Bank of Georgia U.S. Bank Average
427.6% 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 National Bank of Georgia had $108,037,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $236,000 in equity and $25,030,000 in loans loss reserves. That gives it a Texas Ratio of 427.6%.

Return on Equity
First National Bank of Georgia U.S. Bank Average
-199.95% 7.80%

First National Bank of Georgia has a Return on Equity of -199.95% 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 National Bank of Georgia U.S. Bank Average
0.03% 12.68%

First National Bank of Georgia has a Capitalization of 0.03% 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 National Bank of Georgia Balance Sheet Analysis

As of November 30, -0001, First National Bank of Georgia had assets of $840,633,000, loans of $539,819,000, and deposits of $780,196,000. 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 $ 539.82 million
Loan loss allowance $ 25.03 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 $ 780.20 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 $ 840.63 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 National Bank of Georgia’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First National Bank of Georgia’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 National Bank Of Georgia

Branches and Savings

Is First National Bank Of Georgia FDIC insured?

Yes. It is covered under FDIC Certificate #16480.

Why does First National Bank Of 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 National Bank Of Georgia CD rates not competitive?

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

Is First National Bank Of Georgia a commercial bank?

Yes

Where are First National Bank Of Georgia locations?

See branch locations nearby.

Is First National Bank Of Georgia open on Saturdays?

Is First National Bank Of Georgia open on Sundays?

What time does First National Bank Of Georgia open?

What time does First National Bank Of Georgia close?

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

Do First National Bank Of Georgia ATMs accept cash deposits?

Can First National Bank Of Georgia customers use other ATMs?

Do First National Bank Of Georgia branches have notaries?

Will First National Bank Of Georgia notarize my document?

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

Will the First National Bank Of Georgia branch print checks?

Do First National Bank Of Georgia checks expire?

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

Can First National Bank Of Georgia close my account?

Does First National Bank Of Georgia Report to credit bureaus?

Does First National Bank Of Georgia Use Equifax?

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

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

Products

Does First National Bank Of Georgia offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First National Bank Of Georgia offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Georgia offer student loans?

Will First National Bank Of Georgia cash a check?

Will First National Bank Of Georgia redeem a savings bond?

Does First National Bank Of Georgia cash savings bonds?

Will First National Bank Of Georgia cash money orders?

Can First National Bank Of Georgia issue a money order?

Does First National Bank Of Georgia do currency exchange?

Background on The Bank

Who owns First National Bank Of Georgia?

How long has First National Bank Of Georgia been around?

Can First National Bank Of Georgia transfer to other banks?

Does First National Bank Of Georgia have quick pay?

Does First National Bank Of Georgia accept rolled coins?

Will First National Bank Of Georgia accept loose change?

Where is First National Bank Of Georgia headquarters?

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