Georgia Banking Company

Headquarters

6190 Powers Ferry Road
Atlanta, GA 30339
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

Georgia Banking Company is an FDIC insured institution located in Atlanta, GA. It was founded in 2001 and has approximately $0.66 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 57071
Date Established 2001
Assets $ 663.24 million
Loans $ 604.65 million
Deposits $ 554.13 million
Capital $ 42.65 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Virginia, VA 20146

Bank Online Offers


Loan Rates - September 20, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Georgia Banking Company

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Georgia Banking Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Georgia Banking Company 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


Georgia Banking Company Locations


Financial Details

Georgia Banking Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Georgia Banking Company. 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
Georgia Banking Company U.S. Bank Average
13.73% 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, Georgia Banking Company had $4,208,000 in non-current loans and $1,869,000 in owned real estate. To cover these potential losses it had $42,648,000 in equity and $1,602,000 in loans loss reserves. That gives it a Texas Ratio of 13.73%.

Return on Equity
Georgia Banking Company U.S. Bank Average
4.58% 7.80%

Georgia Banking Company has a Return on Equity of 4.58% 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
Georgia Banking Company U.S. Bank Average
6.43% 12.68%

Georgia Banking Company has a Capitalization of 6.43% 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.

Georgia Banking Company Balance Sheet Analysis

As of March 31, 2020, Georgia Banking Company had assets of $663,235,000, loans of $604,647,000, and deposits of $554,129,000. 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 $ 19.63 million
Interest-bearing balances $ 17.33 million
Total securities $ 16.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 604.65 million
Loan loss allowance $ 1.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.87 million
Goodwill and other intangibles N.A.
All other assets $ 19.67 million
     Total Assets $ 620.59 million
LIABILITIES
Total deposits $ 554.13 million
      Interest-bearing deposits $ 516.81 million
      Deposits held in domestic offices $ 554.13 million
      % insured (estimated) 78.84%
Federal funds purchased and repurchase agreements $ 10.00 million
Trading liabilities N.A.
Other borrowed funds $ 51.00 million
Subordinated debt N.A.
All other liabilities $ 5.46 million
      Total Liabilities $ 620.59 million
      Shareholders’ Equity $ 42.65 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.60 million
Total Interest Expense $ 2.00 million
Net interest income $ 3.60 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 1.27 million
Total non interest expense $ 4.22 million
Pre-tax Net Operating Income $ 0.63 million

Bank Loan Profile?

The top three loan types in Georgia Banking Company’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial and Industrial Loans.

Compared to other banks in Georgia, Georgia Banking Company has a significantly higher percent of 1-4 Family Residential 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 83.32
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.61
Construction and Development Loans 7.15
Commercial Real Estate 2.23
Commercial and Industrial Loans 2.47
Farm Loans 0.00

Frequently Asked Questions About Georgia Banking Company

Branches and Savings

Is Georgia Banking Company FDIC insured?

Yes. It is covered under FDIC Certificate #57071.

Why does Georgia Banking Company pay such low interest on savings accounts?

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

Why are Georgia Banking Company CD rates not competitive?

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

Is Georgia Banking Company a commercial bank?

Yes

Where are Georgia Banking Company locations?

See branch locations nearby.

Is Georgia Banking Company open on Saturdays?

Is Georgia Banking Company open on Sundays?

What time does Georgia Banking Company open?

What time does Georgia Banking Company close?

Are Georgia Banking Company ATMs Open 24/7?

Do Georgia Banking Company ATMs accept cash deposits?

Can Georgia Banking Company customers use other ATMs?

Do Georgia Banking Company branches have notaries?

Will Georgia Banking Company notarize my document?

What address for Georgia Banking Company should I put for incoming ACH transfers?

Will the Georgia Banking Company branch print checks?

Do Georgia Banking Company checks expire?

Does Georgia Banking Company require US citizenship to open account?

Can Georgia Banking Company close my account?

Does Georgia Banking Company Report to credit bureaus?

Does Georgia Banking Company Use Equifax?

What is Georgia Banking Company's ACH Routing Number?

What is Georgia Banking Company's SWIFT code?

Products

Does Georgia Banking Company offer mortgages?

Compare mortgage rates here.

Does Georgia Banking Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Georgia Banking Company offer personal loans?

Compare personal loan rates here.

Does Georgia Banking Company offer student loans?

Will Georgia Banking Company cash a check?

Will Georgia Banking Company redeem a savings bond?

Does Georgia Banking Company cash savings bonds?

Will Georgia Banking Company cash money orders?

Can Georgia Banking Company issue a money order?

Does Georgia Banking Company do currency exchange?

Background on The Bank

Who owns Georgia Banking Company?

How long has Georgia Banking Company been around?

Can Georgia Banking Company transfer to other banks?

Does Georgia Banking Company have quick pay?

Does Georgia Banking Company accept rolled coins?

Will Georgia Banking Company accept loose change?

Where is Georgia Banking Company headquarters?

Customer Reviews for Georgia Banking Company

There are currently no comments for Georgia Banking Company. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →