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Overview / Commentary
130 Oak Street
Eastman, GA 31023

Bank of Eastman is headquartered in Eastman and is the 83rd largest bank in the state of Georgia. It is also the 3,165th largest bank in the nation. It was established in 1919 and as of December of 2013, it had grown to 64 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.


Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of Eastman had $31.64 million in non-current loans and owned real-estate with $11.62 million in equity and loan loss allowances on hand to cover it. This gives Bank of Eastman a Texas Ratio of 272.29% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Eastman experienced no significant changes from 254.07% as of December 31, 2012 to 272.29% as of December 31, 2013, resulting in a negative change of 7.17%. This indicates that the balance sheet and financial strength for Bank of Eastman has had no significant changes in recent periods.

Deposit Growth


In the past year, Bank of Eastman has decreased its total deposits by -$16.9 million, resulting in -9.14% 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.



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 $190.24 million in assets with $11.62 million in equity, resulting in a capitalization level of 6.11%, which is below average.

Institution Statistics

FDIC Certificate #877
Year Established1919
Primary RegulatorFDIC
Assets and Liabilities
Assets$190.24 million
Loans$121.15 million
Deposits$167.93 million
Equity Capital$8.92 million
Loan Loss Allowance$2.70 million
Unbacked Noncurrent Loans$17.48 million
Real Estate Owned$14.16 million
Historic Data - December 2012
Assets$207.87 million
Equity Capital$9.53 million
Loan Loss Allowance$3.71 million
Unbacked Noncurrent Loans$17.48 million
Real Estate Owned$14.23 million
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets-0.89%
Return on Equity-19.36%
Interest Income$8.12 million

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Bank of Eastman Savings Account Rates

0.20%--Statement Savings Account

Bank of Eastman Money Market Rates

0.50%$500k-Magnolia IMMA
0.50%$500k-Magnolia CMMA

Bank of Eastman Checking Account Rates

0.05%--NOW Account

Bank of Eastman CD Rates

1.20%$500-60 Month CD
1.10%$500-48 Month CD
0.95%$500-36 Month CD
0.75%$500-24 Month CD
0.55%$500-365 Day CD
0.55%$500-18 Month CD
0.35%$500-182 Day CD
0.25%$500-91 Day CD

Bank of Eastman IRA Rates

1.20%$500-60 Month IRA
1.10%$500-48 Month IRA
0.95%$500-36 Month IRA
0.75%$500-24 Month IRA
0.55%$500-365 Day IRA
0.55%$500-18 Month IRA
0.35%$500-182 Day IRA
0.25%$500-91 Day IRA

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