First National Bank of Griffin

Headquarters

318 South Hill Street
Griffin, GA 30224
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.25% 1.05% →
2-Year CD 0.30% 1.11% →
5-Year CD 0.70% 1.56% →
30-Year Mortgage 4.00% 2.88% →
15-Year Mortgage 3.35% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First National Bank of Griffin is an FDIC insured institution located in Griffin, GA. It was founded in 1933 and has approximately $0.29 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 169
Date Established 1933
Assets $ 291.76 million
Loans $ 98.34 million
Deposits $ 254.69 million
Capital $ 23.68 million
 

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

Deposit Rates - August 15, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $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
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.55% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.70% $10,000 $14,999 Learn More
60 Mo CD
0.70% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 15, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First National Bank of Griffin 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 Griffin Locations


Financial Details

First National Bank of Griffin Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of Griffin. 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 Griffin U.S. Bank Average
2.34% 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 Griffin had $504,000 in non-current loans and $82,000 in owned real estate. To cover these potential losses it had $23,682,000 in equity and $1,353,000 in loans loss reserves. That gives it a Texas Ratio of 2.34%.

Return on Equity
First National Bank of Griffin U.S. Bank Average
6.28% 7.80%

First National Bank of Griffin has a Return on Equity of 6.28% 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 Griffin U.S. Bank Average
8.12% 12.68%

First National Bank of Griffin has a Capitalization of 8.12% 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 Griffin Balance Sheet Analysis

As of March 31, 2020, First National Bank of Griffin had assets of $291,757,000, loans of $98,342,000, and deposits of $254,690,000. 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 $ 66.71 million
Interest-bearing balances $ 58.49 million
Total securities $ 107.50 million
Federal funds sold and reverse repurchase $ 2.28 million
Net loans and leases $ 98.34 million
Loan loss allowance $ 1.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles N.A.
All other assets $ 9.72 million
     Total Assets $ 268.08 million
LIABILITIES
Total deposits $ 254.69 million
      Interest-bearing deposits $ 168.13 million
      Deposits held in domestic offices $ 254.69 million
      % insured (estimated) 89.34%
Federal funds purchased and repurchase agreements $ 13.01 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.38 million
      Total Liabilities $ 268.08 million
      Shareholders’ Equity $ 23.68 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.41 million
Total Interest Expense $ 0.16 million
Net interest income $ 2.25 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.67 million
Total non interest expense $ 2.51 million
Pre-tax Net Operating Income $ 0.41 million

Bank Loan Profile?

The top three loan types in First National Bank of Griffin’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Georgia, First National Bank of Griffin has a significantly higher percent of Small Business 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 26.98
Multifamily
Mortgages
1.52
Credit Card Loans 0.57
Consumer Auto Loans 1.96
Small Business Loans 26.94
Construction and Development Loans 12.34
Commercial Real Estate 47.67
Commercial and Industrial Loans 8.22
Farm Loans 0.00

Frequently Asked Questions About First National Bank Of Griffin

Branches and Savings

Is First National Bank Of Griffin FDIC insured?

Yes. It is covered under FDIC Certificate #169.

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

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

Is First National Bank Of Griffin a commercial bank?

Yes

Where are First National Bank Of Griffin locations?

See branch locations nearby.

Is First National Bank Of Griffin open on Saturdays?

Is First National Bank Of Griffin open on Sundays?

What time does First National Bank Of Griffin open?

What time does First National Bank Of Griffin close?

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

Do First National Bank Of Griffin ATMs accept cash deposits?

Can First National Bank Of Griffin customers use other ATMs?

Do First National Bank Of Griffin branches have notaries?

Will First National Bank Of Griffin notarize my document?

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

Will the First National Bank Of Griffin branch print checks?

Do First National Bank Of Griffin checks expire?

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

Can First National Bank Of Griffin close my account?

Does First National Bank Of Griffin Report to credit bureaus?

Does First National Bank Of Griffin Use Equifax?

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

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

Products

Does First National Bank Of Griffin offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First National Bank Of Griffin offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Griffin offer student loans?

Will First National Bank Of Griffin cash a check?

Will First National Bank Of Griffin redeem a savings bond?

Does First National Bank Of Griffin cash savings bonds?

Will First National Bank Of Griffin cash money orders?

Can First National Bank Of Griffin issue a money order?

Does First National Bank Of Griffin do currency exchange?

Background on The Bank

Who owns First National Bank Of Griffin?

How long has First National Bank Of Griffin been around?

Can First National Bank Of Griffin transfer to other banks?

Does First National Bank Of Griffin have quick pay?

Does First National Bank Of Griffin accept rolled coins?

Will First National Bank Of Griffin accept loose change?

Where is First National Bank Of Griffin headquarters?

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