Southcrest Bank

Headquarters

108 South Church Street
Thomaston, GA 30286
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.10% →
1-Year CD N.A. 1.10% →
2-Year CD N.A. 1.15% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Southcrest Bank is an FDIC insured institution located in Thomaston, GA. It was founded in 1951 and has approximately $0.29 billion in assets.

FDIC Insured Yes
FDIC Certificate # 17041
Date Established 1951
Assets $ 285.14 million
Loans $ 145.21 million
Deposits $ 259.10 million
Capital $ 23.00 million
 

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

Deposit Rates - August 7, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - August 7, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Southcrest 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
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 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
2.990 %
$0 Learn More
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PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
3.500 %
$25,000 Learn More
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Note to Southcrest Bank
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Branches

Southcrest 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


Southcrest Bank Locations


Financial Details

Southcrest Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southcrest 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
Southcrest Bank U.S. Bank Average
32.62% 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, Southcrest Bank had $4,362,000 in non-current loans and $4,054,000 in owned real estate. To cover these potential losses it had $22,997,000 in equity and $2,807,000 in loans loss reserves. That gives it a Texas Ratio of 32.62%.

Return on Equity
Southcrest Bank U.S. Bank Average
-14.42% 7.80%

Southcrest Bank has a Return on Equity of -14.42% 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
Southcrest Bank U.S. Bank Average
8.07% 12.68%

Southcrest Bank has a Capitalization of 8.07% 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.

Southcrest Bank Balance Sheet Analysis

As of December 31, 2013, Southcrest Bank had assets of $285,136,000, loans of $145,205,000, and deposits of $259,102,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 145.21 million
Loan loss allowance $ 2.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.05 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 259.10 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 285.14 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Georgia, Southcrest Bank has a significantly higher percent of Credit Card Loans, 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 37.14
Multifamily
Mortgages
0.56
Credit Card Loans 1.54
Consumer Auto Loans 3.49
Small Business Loans 19.00
Construction and Development Loans 7.74
Commercial Real Estate 40.56
Commercial and Industrial Loans 4.21
Farm Loans 0.02

Frequently Asked Questions About Southcrest Bank

Branches and Savings

Is Southcrest Bank FDIC insured?

Yes. It is covered under FDIC Certificate #17041.

Why does Southcrest Bank pay such low interest on savings accounts?

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

Why are Southcrest Bank CD rates not competitive?

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

Is Southcrest Bank a commercial bank?

Yes

Where are Southcrest Bank locations?

See branch locations nearby.

Is Southcrest Bank open on Saturdays?

Is Southcrest Bank open on Sundays?

What time does Southcrest Bank open?

What time does Southcrest Bank close?

Are Southcrest Bank ATMs Open 24/7?

Do Southcrest Bank ATMs accept cash deposits?

Can Southcrest Bank customers use other ATMs?

Do Southcrest Bank branches have notaries?

Will Southcrest Bank notarize my document?

What address for Southcrest Bank should I put for incoming ACH transfers?

Will the Southcrest Bank branch print checks?

Do Southcrest Bank checks expire?

Does Southcrest Bank require US citizenship to open account?

Can Southcrest Bank close my account?

Does Southcrest Bank Report to credit bureaus?

Does Southcrest Bank Use Equifax?

What is Southcrest Bank's ACH Routing Number?

What is Southcrest Bank's SWIFT code?

Products

Does Southcrest Bank offer mortgages?

Compare mortgage rates here.

Does Southcrest Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Southcrest Bank offer personal loans?

Compare personal loan rates here.

Does Southcrest Bank offer student loans?

Will Southcrest Bank cash a check?

Will Southcrest Bank redeem a savings bond?

Does Southcrest Bank cash savings bonds?

Will Southcrest Bank cash money orders?

Can Southcrest Bank issue a money order?

Does Southcrest Bank do currency exchange?

Background on The Bank

Who owns Southcrest Bank?

How long has Southcrest Bank been around?

Can Southcrest Bank transfer to other banks?

Does Southcrest Bank have quick pay?

Does Southcrest Bank accept rolled coins?

Will Southcrest Bank accept loose change?

Where is Southcrest Bank headquarters?

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