Northeast Georgia Bank

69 Augusta Road
Lavonia, GA 30553

Notable Rates APY Vs.Others
Savings 0.08% 2.25% →
1-Year CD 0.70% 2.25% →
2-Year CD 0.90% 2.50% →
5-Year CD 1.51% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Northeast Georgia Bank is an FDIC insured institution located in Lavonia, GA. It was founded in 1934 and has approximately $0.46 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 15771
Date Established 1934
Assets $0.46 billion
Loans $0.24 billion
Deposits $0.40 billion
Capital $0.05 billion

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

Deposit Rates - December 16, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 - Learn MoreShow Less
3 Mo CD
0.30% $2,500 - Learn MoreShow Less
6 Mo CD
0.40% $1,000 - Learn MoreShow Less
12 Mo CD
0.70% $1,000 - Learn MoreShow Less
18 Mo CD
0.80% $1,000 - Learn MoreShow Less
24 Mo CD
0.90% $1,000 - Learn MoreShow Less
36 Mo CD
1.00% $1,000 - Learn MoreShow Less
60 Mo CD
1.51% $1,000 - Learn MoreShow Less

Fixed IRA
0.70% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.50% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - December 16, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northeast Georgia 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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More
NMLS ID: 2890
License#: MC-3098
3.625% 3.625% -0.13 ($222) $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
More Info

Note to Northeast Georgia Bank
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Financial Details

Northeast Georgia Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northeast Georgia Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northeast Georgia Bank U.S. Bank Average
4.4% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2019, Northeast Georgia Bank had $1,451,000 in non-current loans and $906,000 in owned real estate. To cover these potential losses it had $50,910,000 in equity and $2,713,000 in loans loss reserves. That gives it a Texas Ratio of 4.4%.

Return on Equity
Northeast Georgia Bank U.S. Bank Average
15.29% 9.50%

Northeast Georgia Bank has a Return on Equity of 15.29% versus the BestCashCow average of 9.50%. 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.

Northeast Georgia Bank U.S. Bank Average
11.14% 12.76%

Northeast Georgia Bank has a Capitalization of 11.14% versus the BestCashCow average of 12.76. 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.

Northeast Georgia Bank Balance Sheet Analysis

As of June 30, 2019, Northeast Georgia Bank had assets of $456,923,000, loans of $238,064,000, and deposits of $400,975,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.07 billion
Interest-bearing balances $0.05 billion
Total securities $0.11 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.24 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.41 billion
Total deposits $0.40 billion
      Interest-bearing deposits $0.32 billion
      Deposits held in domestic offices $0.40 billion
      % insured (estimated) 81.04%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.41 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Northeast Georgia Bank’s loan portfolio are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans.

Compared to other banks in Georgia, Northeast Georgia Bank has a significantly higher percent of Consumer Auto 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 14.23
Credit Card Loans 0.00
Consumer Auto Loans 12.26
Small Business Loans 13.69
Construction and Development Loans 15.75
Commercial Real Estate 22.08
Commercial and Industrial Loans 8.32
Farm Loans 1.18

Frequently Asked Questions About Northeast Georgia Bank

Branches and Savings

Is Northeast Georgia Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15771.

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

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

Why are Northeast Georgia Bank CD rates not competitive?

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

Is Northeast Georgia Bank a commercial bank?


Where are Northeast Georgia Bank locations?

See branch locations nearby.

Is Northeast Georgia Bank open on Saturdays?

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Will the Northeast Georgia Bank branch print checks?

Do Northeast Georgia Bank checks expire?

Does Northeast Georgia Bank require US citizenship to open account?

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Does Northeast Georgia Bank Report to credit bureaus?

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Does Northeast Georgia Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Northeast Georgia Bank offer personal loans?

Compare personal loan rates here.

Does Northeast Georgia Bank offer student loans?

Will Northeast Georgia Bank cash a check?

Will Northeast Georgia Bank redeem a savings bond?

Does Northeast Georgia Bank cash savings bonds?

Will Northeast Georgia Bank cash money orders?

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Background on The Bank

Who owns Northeast Georgia Bank?

How long has Northeast Georgia Bank been around?

Can Northeast Georgia Bank transfer to other banks?

Does Northeast Georgia Bank have quick pay?

Does Northeast Georgia Bank accept rolled coins?

Will Northeast Georgia Bank accept loose change?

Where is Northeast Georgia Bank headquarters?

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