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Overview / Commentary
478-374-3418
130 Oak Street
Eastman, GA 31023

Bank of Eastman is headquartered in Eastman and is the 84th largest bank in the state of Georgia. It is also the 3,123rd largest bank in the nation. It was established in 1919 and as of March of 2014, it had grown to 63 employees at 4 locations. Bank of Eastman's money market rates are 14% higher than the national average, but it has a F health rating.

Reviews (1)

Bank Of Eastman Online Banking

The Bank Of Eastman's online banking is never up to date. My account is still showing the same thing after a week when I know there has been transactions. The Bank Of Eastman really needs to update their software or something. It's 2011, there is no reason why this bank can't do better for their customers.



Health

Data for Q1 2014

Institution Health

F

Texas Ratio

GRADE:
F

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of Eastman had $31.11 million in non-current loans and owned real-estate with $11.86 million in equity and loan loss allowances on hand to cover it. This gives Bank of Eastman a Texas Ratio of 262.28% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Bank of Eastman experienced no significant changes from 264.65% as of March 31, 2013 to 262.28% as of March 31, 2014, resulting in a positive change of 0.89%.This indicates that the balance sheet and financial strength for Bank of Eastman has had no significant changes in recent periods.

Deposit Growth

GRADE:
D

In the past year, Bank of Eastman has decreased its total deposits by -$11.1 million, resulting in -6.09% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Eastman has shown is below average.

Capitalization

GRADE:
C-

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Eastman has $193.83 million in assets with $11.86 million in equity, resulting in a capitalization level of 6.12%, which is below average.

Institution Statistics

Overall
FDIC Certificate #877
Year Established1919
Employees63
Primary RegulatorFDIC
Assets and Liabilities
Assets$193.83 million
Loans$117.16 million
Deposits$171.11 million
Equity Capital$9.31 million
Loan Loss Allowance$2.55 million
Unbacked Noncurrent Loans$15.93 million
Real Estate Owned$15.18 million
Historic Data - March 2013
Assets$205.66 million
Equity Capital$10.03 million
Loan Loss Allowance$3.26 million
Unbacked Noncurrent Loans$15.93 million
Real Estate Owned$14.20 million
Profit Margin - Quarterly
Return on Assets0.34%
Return on Equity7.24%
Interest Income$1.97 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bank of Eastman, we are a rate comparison website and can not provide official rates or promotions.

Bank of Eastman Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Statement Savings Account
0.20%--Saver Squirrel Savings
0.20%--Magnolia 60+ Savings

Bank of Eastman Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$75k-Magnolia IMMA

Bank of Eastman Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$5k-Magnolia Centennial Checking
0.10%$2,500-Magnolia Platinum Checking
0.05%$1k-Magnolia Interest Checking
0.05%$1k-Magnolia 50+ Checking

Bank of Eastman CD Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60 Month CD
1.05%$500-48 Month CD
0.90%$500-36 Month CD
0.70%$500-24 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month CD
0.35%$500-6 Month CD
0.25%$500-91 Day CD

Bank of Eastman IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60 Month IRA
1.05%$500-48 Month IRA
0.90%$500-36 Month IRA
0.70%$500-24 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month IRA
0.35%$500-6 Month IRA
0.25%$500-91 Day IRA
Locations


Bank of Eastman Locations
Magnolia State Branch100 East Greene StreetMilledgeville, GA 31061
Bank Of Eastman130 Oak StreetEastman, GA 31023
2451 North Columbia Street Branch2451 North Columbia StreetMilledgeville, GA 31061
Magnolia State Bank GrayU.S. Highway 129Gray, GA 31032