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800-763-4444
1233 O.G. Skinner Dr
West Point, GA 31833

CharterBank is headquartered in West Point and is the 15st largest bank in the state of Georgia. It is also the 619st largest bank in the nation. It was established in 1954 and as of December of 2013, it had grown to 285 employees at 17 locations. CharterBank has a B+ health rating.

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Reviews (5)

Opened Reward Checking Account At Peachtree City Branch

Opened Reward checking account at Peachtree City Branch. So far no issues. Use my Ally bank account for Push and Pull money from the Charter Bank Account. One issue I have is I can't add this bank account to mint or Yodlee.

Opened An Account As An Out Of State Resident

On a recent business trip to Atlanta, I opened an account. There is a branch in Peachtree City not too far from the airport. So far, I have been very pleased with the customer service, interest rate and requirements. I would highly recommend this bank to others in the local area as well as anyone who may be visiting the Atlanta area. The bank customer service rep told me they get a lot of out of state account applicants but have no plans to allow people to sign up on the website.

I Missed To Rate The Bank

I missed to rate the bank. I can give full 5 star for their outstanding rate & good service @ Peachtree branch.

Rate Down To 3%

As of 9/20/2010

Great Customer Service

Very impressed with the Charter Bank branch in Newnan, GA. 



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 CharterBank had $28.09 million in non-current loans and owned real-estate with $217.84 million in equity and loan loss allowances on hand to cover it. This gives CharterBank a Texas Ratio of 12.90% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for CharterBank decreased slightly from 17.60% as of December 31, 2012 to 12.90% as of December 31, 2013, resulting in a positive change of 26.74%.This indicates that the balance sheet and financial strength for CharterBank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, CharterBank has decreased its total deposits by -$12.73 million, resulting in -1.55% 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 CharterBank has shown is average.

Capitalization

GRADE:
A+

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. CharterBank has $1.08 billion in assets with $217.84 million in equity, resulting in a capitalization level of 20.26%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30720
Year Established1954
Employees285
Primary RegulatorOCC
Assets and Liabilities
Assets$1.08 billion
Loans$581.27 million
Deposits$806.64 million
Equity Capital$205.91 million
Loan Loss Allowance$11.93 million
Unbacked Noncurrent Loans$27.04 million
Real Estate Owned$1.05 million
Historic Data - December 2012
Assets$1.03 billion
Equity Capital$131.62 million
Loan Loss Allowance$9.43 million
Unbacked Noncurrent Loans$27.04 million
Real Estate Owned$1.41 million
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets0.58%
Return on Equity3.64%
Interest Income$40.84 million
Rates

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

CharterBank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.02%--Regular Savings Account
0.02%--Holiday Account
0.02%--I-Count Savings Account

CharterBank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Premier Plus Money Market Account
0.09%$1k-Retirement Premier Money Market Account

CharterBank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.51%-$15kREWARDSChecking
0.19%$15k-High Interest Checking
0.10%$50k-Business With Interest Checking
0.09%--REWARDSChecking
0.09%--50 + Free Interest Checking
0.09%--Direct Deposit FREE Interest Checking

CharterBank CD Rates

DetailsAPYMINMAXPRODUCT
1.27%$1,500-59 Month Bump Up Special
0.79%$1,500-35 Month CD Special
0.59%$1,500-20 Month Added Advantage CD Special
0.49%$1,500-13 Month CD Special
0.40%$1,500-60 Month CD
0.35%$1,500-36 Month CD
0.20%$1,500-18 Month CD
0.20%$1,500-24 Month CD
0.16%$1,500-12 Month CD
0.09%$1,500-6 Month CD
0.03%$1,500-91 Day CD

CharterBank IRA Rates

DetailsAPYMINMAXPRODUCT
0.40%$1,500-60 Month IRA
0.35%$1,500-36 Month IRA
0.20%$1,500-18 Month IRA
0.20%$1,500-24 Month IRA
0.16%$1,500-12 Month IRA
0.09%$1,500-6 Month IRA
0.03%$1,500-91 Day IRA
Locations

CharterBank has 17 locations. Click to view all CharterBank locations.