Southwest Georgia Bank

201 First Street S. E.
Moultrie, GA 31768

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2147
Date Established 1928
Assets $0.53 billion
Loans $0.37 billion
Deposits $0.46 billion
Capital $0.04 billion

Southwest Georgia Bank is an FDIC insured institution located in Moultrie, GA. It was founded in 1928 and has approximately $0.53 billion in assets. Customers can open an account at one of its 7 branches.

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

Bank Loan Profile?

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

Compared to other banks in Georgia, Southwest Georgia Bank has a significantly higher percent of Multifamily Mortgages, Farm 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 27.73
Multifamily
Mortgages
4.84
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 11.16
Construction and Development Loans 6.68
Commercial Real Estate 28.30
Commercial and Industrial Loans 10.12
Farm Loans 13.34

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.38% $2,500 $24,999 Learn MoreShow Less
Money Market
0.58% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.45% $1,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.55% $1,000 - Learn MoreShow Less
18 Mo CD
1.85% $1,000 - Learn MoreShow Less
24 Mo CD
2.00% $1,000 - Learn MoreShow Less
36 Mo CD
2.15% $1,000 - Learn MoreShow Less
48 Mo CD
2.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.55% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.00% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.28% $1,000 - Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Southwest 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
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.030% 4.000% 0.38 $892 $1,194 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Southwest Georgia Bank
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Branches

Southwest Georgia 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


Southwest Georgia Bank Locations


Financial Details

Southwest Georgia Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Southwest Georgia 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
Southwest Georgia Bank U.S. Bank Average
2.96% 6.97%

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 December 31, 2018, Southwest Georgia Bank had $1,205,000 in non-current loans and $128,000 in owned real estate. To cover these potential losses it had $41,661,000 in equity and $3,429,000 in loans loss reserves. That gives it a Texas Ratio of 2.96%.

Return on Equity
Southwest Georgia Bank U.S. Bank Average
12.16% 8.80%

Southwest Georgia Bank has a Return on Equity of 12.16% versus the BestCashCow average of 8.80%. 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
Southwest Georgia Bank U.S. Bank Average
7.81% 12.29%

Southwest Georgia Bank has a Capitalization of 7.81% versus the BestCashCow average of 12.29. 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.

Southwest Georgia Bank Balance Sheet Analysis

As of December 31, 2018, Southwest Georgia Bank had assets of $533,253,000, loans of $372,681,000, and deposits of $456,316,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.04 billion
Interest-bearing balances $0.02 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.37 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 $0.49 billion
LIABILITIES
Total deposits $0.46 billion
      Interest-bearing deposits $0.35 billion
      Deposits held in domestic offices $0.46 billion
      % insured (estimated) 69.05%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.49 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Southwest Georgia Bank

Branches and Savings

Is Southwest Georgia Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2147.

Why does Southwest 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 Southwest Georgia Bank CD rates not competitive?

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

Is Southwest Georgia Bank a commercial bank?

Yes

Where are Southwest Georgia Bank locations?

See branch locations nearby.

Is Southwest Georgia Bank open on Saturdays?

Is Southwest Georgia Bank open on Sundays?

What time does Southwest Georgia Bank open?

What time does Southwest Georgia Bank close?

Are Southwest Georgia Bank ATMs Open 24/7?

Do Southwest Georgia Bank ATMs accept cash deposits?

Can Southwest Georgia Bank customers use other ATMs?

Do Southwest Georgia Bank branches have notaries?

Will Southwest Georgia Bank notarize my document?

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

Will the Southwest Georgia Bank branch print checks?

Do Southwest Georgia Bank checks expire?

Does Southwest Georgia Bank require US citizenship to open account?

Can Southwest Georgia Bank close my account?

Does Southwest Georgia Bank Report to credit bureaus?

Does Southwest Georgia Bank Use Equifax?

What is Southwest Georgia Bank's ACH Routing Number?

What is Southwest Georgia Bank's SWIFT code?

Products

Does Southwest Georgia Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Southwest Georgia Bank offer personal loans?

Compare personal loan rates here.

Does Southwest Georgia Bank offer student loans?

Will Southwest Georgia Bank cash a check?

Will Southwest Georgia Bank redeem a savings bond?

Does Southwest Georgia Bank cash savings bonds?

Will Southwest Georgia Bank cash money orders?

Can Southwest Georgia Bank issue a money order?

Does Southwest Georgia Bank do currency exchange?

Background on The Bank

Who owns Southwest Georgia Bank?

How long has Southwest Georgia Bank been around?

Can Southwest Georgia Bank transfer to other banks?

Does Southwest Georgia Bank have quick pay?

Does Southwest Georgia Bank accept rolled coins?

Will Southwest Georgia Bank accept loose change?

Where is Southwest Georgia Bank headquarters?

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