Great Oaks Bank

Headquarters

5101 5th Ave
Eastman, GA 31023
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.20% 0.95% →
2-Year CD 0.25% 1.05% →
5-Year CD 0.50% 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

Great Oaks Bank is an FDIC insured institution located in Eastman, GA. It was founded in 1934 and has approximately $0.17 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 16780
Date Established 1934
Assets $ 174.92 million
Loans $ 114.70 million
Deposits $ 157.57 million
Capital $ 16.30 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.01% $10,000 $14,999 Learn More
3 Mo CD
0.01% $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
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.50% $10,000 $14,999 Learn More
36 Mo CD
0.50% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Great Oaks 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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 Great Oaks Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Great Oaks 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


Great Oaks Bank Locations


Financial Details

Great Oaks Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Great Oaks 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
Great Oaks Bank U.S. Bank Average
7.4% 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, Great Oaks Bank had $73,000 in non-current loans and $1,242,000 in owned real estate. To cover these potential losses it had $16,300,000 in equity and $1,461,000 in loans loss reserves. That gives it a Texas Ratio of 7.4%.

Return on Equity
Great Oaks Bank U.S. Bank Average
8.74% 7.80%

Great Oaks Bank has a Return on Equity of 8.74% 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
Great Oaks Bank U.S. Bank Average
9.32% 12.68%

Great Oaks Bank has a Capitalization of 9.32% 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.

Great Oaks Bank Balance Sheet Analysis

As of March 31, 2020, Great Oaks Bank had assets of $174,921,000, loans of $114,701,000, and deposits of $157,569,000. 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 $ 27.31 million
Interest-bearing balances $ 24.74 million
Total securities $ 22.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 114.70 million
Loan loss allowance $ 1.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.24 million
Goodwill and other intangibles N.A.
All other assets $ 5.78 million
     Total Assets $ 158.62 million
LIABILITIES
Total deposits $ 157.57 million
      Interest-bearing deposits $ 113.37 million
      Deposits held in domestic offices $ 157.57 million
      % insured (estimated) 83.91%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.05 million
      Total Liabilities $ 158.62 million
      Shareholders’ Equity $ 16.30 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.90 million
Total Interest Expense $ 0.25 million
Net interest income $ 1.66 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.30 million
Total non interest expense $ 1.54 million
Pre-tax Net Operating Income $ 0.35 million

Bank Loan Profile?

The top three loan types in Great Oaks Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Georgia, Great Oaks Bank has a significantly higher percent of Commercial and Industrial 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 28.77
Multifamily
Mortgages
1.46
Credit Card Loans 0.01
Consumer Auto Loans 0.90
Small Business Loans 0.00
Construction and Development Loans 13.05
Commercial Real Estate 23.21
Commercial and Industrial Loans 18.70
Farm Loans 0.93

Frequently Asked Questions About Great Oaks Bank

Branches and Savings

Is Great Oaks Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16780.

Why does Great Oaks Bank pay such low interest on savings accounts?

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

Why are Great Oaks Bank CD rates not competitive?

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

Is Great Oaks Bank a commercial bank?

Yes

Where are Great Oaks Bank locations?

See branch locations nearby.

Is Great Oaks Bank open on Saturdays?

Is Great Oaks Bank open on Sundays?

What time does Great Oaks Bank open?

What time does Great Oaks Bank close?

Are Great Oaks Bank ATMs Open 24/7?

Do Great Oaks Bank ATMs accept cash deposits?

Can Great Oaks Bank customers use other ATMs?

Do Great Oaks Bank branches have notaries?

Will Great Oaks Bank notarize my document?

What address for Great Oaks Bank should I put for incoming ACH transfers?

Will the Great Oaks Bank branch print checks?

Do Great Oaks Bank checks expire?

Does Great Oaks Bank require US citizenship to open account?

Can Great Oaks Bank close my account?

Does Great Oaks Bank Report to credit bureaus?

Does Great Oaks Bank Use Equifax?

What is Great Oaks Bank's ACH Routing Number?

What is Great Oaks Bank's SWIFT code?

Products

Does Great Oaks Bank offer mortgages?

Compare mortgage rates here.

Does Great Oaks Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Great Oaks Bank offer personal loans?

Compare personal loan rates here.

Does Great Oaks Bank offer student loans?

Will Great Oaks Bank cash a check?

Will Great Oaks Bank redeem a savings bond?

Does Great Oaks Bank cash savings bonds?

Will Great Oaks Bank cash money orders?

Can Great Oaks Bank issue a money order?

Does Great Oaks Bank do currency exchange?

Background on The Bank

Who owns Great Oaks Bank?

How long has Great Oaks Bank been around?

Can Great Oaks Bank transfer to other banks?

Does Great Oaks Bank have quick pay?

Does Great Oaks Bank accept rolled coins?

Will Great Oaks Bank accept loose change?

Where is Great Oaks Bank headquarters?

Customer Reviews for Great Oaks Bank

There are currently no comments for Great Oaks Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →