1 star ratingAverage User Rating:
1 star rating based on 1 review.

CertusBank, National Association

CertusBank, National Association Locations
6650 Calhoun Memorial Highway
Easley, SC 29640
www.certusbank.com

CertusBank, National Association is headquartered in Easley and is the 4th largest bank in the state of South Carolina. It is also the 378th largest bank in the nation. It was established in 2011 and as of December of 2011, it had grown to 453 employees at 38 locations. CertusBank, National Association has a 3-star health rating.


Data for Q4 2011


Institution Statistics


CertusBank, National Association
FDIC Certificate #59028
BankRate ReportView
Year Established2011
Employees453
Primary RegulatorOCC

Assets and Liabilities

Assets$1.82 billion
Loans$740.91 million
Deposits$1.46 billion
Equity Capital$253.75 million
Loan Loss Allowance$8.39 million
Unbacked Noncurrent Loans$168.38 million
Real Estate Owned$69,000

Profit Margin - Quarterly

Net Interest Margin3.4%
Return on Assets3.95%
Return on Equity28.39%
Interest Income$50.24 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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, 2011 CertusBank, National Association had $168.45 million in non-current loans and owned real-estate with $262.14 million in equity and loan loss allowances on hand to cover it. This gives CertusBank, National Association a Texas Ratio of 64.26% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Capitalization5
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. CertusBank, National Association has $1.82 billion in assets with $262.14 million in equity, resulting in a capitalization level of 14.42%, which is excellent.
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Certusbank In Savannah
1 stars - SavannahGeorgia - Saturday, June 18, 2011 - 8:16 AM

 

In Savannah, everyone knows everyone. It is a tight knit little city. It is very difficult to break into the business community in this city. CertusBank will struggle to thrive in Savannah because they lied to ALL their customers form day one.

They promised no changes, then fired the only decent honest manager left from Atlantic Southern. Whoever is calling the shots, made a huge bad decision. There is absolutely no reason to bank where you cannot trust the people that work there.

The whisper campaign has started in Savannah. As CDs mature, CertusBank will see what Savannahians think of their deceit. I guess I'll go back to SunTrust. They weren't very nice, but at least they were honest.

 

3
 
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