Georgia Heritage Bank

Headquarters

18 Georgia Heritage Place
Dallas, GA 30132
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

Georgia Heritage Bank is an FDIC insured institution located in Dallas, GA. It was founded in 2005 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58005
Date Established 2005
Assets $ 94.35 million
Loans $ 67.82 million
Deposits $ 80.06 million
Capital $ 12.04 million
 

For a more detailed analysis of Georgia Heritage 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: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Georgia Heritage Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

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Payment
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NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
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NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Cascadia Mortgage
NMLS ID: 1505422
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2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Georgia Heritage Bank
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Branches

Georgia Heritage 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:
Seattle,Washington


Georgia Heritage Bank Locations


Financial Details

Georgia Heritage Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Georgia Heritage 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
Georgia Heritage Bank U.S. Bank Average
24.95% 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 Heritage Bank had $701,000 in non-current loans and $2,492,000 in owned real estate. To cover these potential losses it had $12,043,000 in equity and $753,000 in loans loss reserves. That gives it a Texas Ratio of 24.95%.

Return on Equity
Georgia Heritage Bank U.S. Bank Average
17.74% 7.80%

Georgia Heritage Bank has a Return on Equity of 17.74% 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 Heritage Bank U.S. Bank Average
12.76% 12.68%

Georgia Heritage Bank has a Capitalization of 12.76% 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 Heritage Bank Balance Sheet Analysis

As of September 30, 2018, Georgia Heritage Bank had assets of $94,348,000, loans of $67,822,000, and deposits of $80,057,000. 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 $ 6.27 million
Interest-bearing balances $ 4.08 million
Total securities $ 9.29 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 67.82 million
Loan loss allowance $ 0.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.49 million
Goodwill and other intangibles N.A.
All other assets $ 3.69 million
     Total Assets $ 82.31 million
LIABILITIES
Total deposits $ 80.06 million
      Interest-bearing deposits $ 62.03 million
      Deposits held in domestic offices $ 80.06 million
      % insured (estimated) 87.82%
Federal funds purchased and repurchase agreements $ 1.99 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.25 million
      Total Liabilities $ 82.31 million
      Shareholders’ Equity $ 12.04 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.37 million
Total Interest Expense $ 0.14 million
Net interest income $ 2.23 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.69 million
Total non interest expense $ 1.55 million
Pre-tax Net Operating Income $ 1.37 million

Bank Loan Profile?

The top three loan types in Georgia Heritage Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and Small Business Loans.

Compared to other banks in Georgia, Georgia Heritage Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Construction and Development 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 19.93
Multifamily
Mortgages
4.54
Credit Card Loans 0.00
Consumer Auto Loans 0.15
Small Business Loans 23.86
Construction and Development Loans 27.11
Commercial Real Estate 36.79
Commercial and Industrial Loans 9.68
Farm Loans 0.00

Frequently Asked Questions About Georgia Heritage Bank

Branches and Savings

Is Georgia Heritage Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58005.

Why does Georgia Heritage Bank pay such low interest on savings accounts?

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

Why are Georgia Heritage Bank CD rates not competitive?

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

Is Georgia Heritage Bank a commercial bank?

Yes

Where are Georgia Heritage Bank locations?

See branch locations nearby.

Is Georgia Heritage Bank open on Saturdays?

Is Georgia Heritage Bank open on Sundays?

What time does Georgia Heritage Bank open?

What time does Georgia Heritage Bank close?

Are Georgia Heritage Bank ATMs Open 24/7?

Do Georgia Heritage Bank ATMs accept cash deposits?

Can Georgia Heritage Bank customers use other ATMs?

Do Georgia Heritage Bank branches have notaries?

Will Georgia Heritage Bank notarize my document?

What address for Georgia Heritage Bank should I put for incoming ACH transfers?

Will the Georgia Heritage Bank branch print checks?

Do Georgia Heritage Bank checks expire?

Does Georgia Heritage Bank require US citizenship to open account?

Can Georgia Heritage Bank close my account?

Does Georgia Heritage Bank Report to credit bureaus?

Does Georgia Heritage Bank Use Equifax?

What is Georgia Heritage Bank's ACH Routing Number?

What is Georgia Heritage Bank's SWIFT code?

Products

Does Georgia Heritage Bank offer mortgages?

Compare mortgage rates here.

Does Georgia Heritage Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Georgia Heritage Bank offer personal loans?

Compare personal loan rates here.

Does Georgia Heritage Bank offer student loans?

Will Georgia Heritage Bank cash a check?

Will Georgia Heritage Bank redeem a savings bond?

Does Georgia Heritage Bank cash savings bonds?

Will Georgia Heritage Bank cash money orders?

Can Georgia Heritage Bank issue a money order?

Does Georgia Heritage Bank do currency exchange?

Background on The Bank

Who owns Georgia Heritage Bank?

How long has Georgia Heritage Bank been around?

Can Georgia Heritage Bank transfer to other banks?

Does Georgia Heritage Bank have quick pay?

Does Georgia Heritage Bank accept rolled coins?

Will Georgia Heritage Bank accept loose change?

Where is Georgia Heritage Bank headquarters?

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