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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 624th largest bank in the nation. It was established in 1954 and as of March of 2014, it had grown to 286 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. 


Data for Q1 2014

Institution Health


Texas Ratio


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 CharterBank had $25.12 million in non-current loans and owned real-estate with $219.13 million in equity and loan loss allowances on hand to cover it. This gives CharterBank a Texas Ratio of 11.46% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for CharterBank experienced no significant changes from 10.14% as of March 31, 2013 to 11.46% as of March 31, 2014, resulting in a negative change of 13.04%. This indicates that the balance sheet and financial strength for CharterBank has had no significant changes in recent periods.

Deposit Growth


In the past year, CharterBank has decreased its total deposits by -$123.54 million, resulting in -13.27% 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 poor.



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 $1.07 billion in assets with $219.13 million in equity, resulting in a capitalization level of 20.40%, which is excellent.

Institution Statistics

FDIC Certificate #30720
Year Established1954
Primary RegulatorOCC
Assets and Liabilities
Assets$1.07 billion
Loans$574.93 million
Deposits$807.24 million
Equity Capital$208.43 million
Loan Loss Allowance$10.70 million
Unbacked Noncurrent Loans$24.27 million
Real Estate Owned$849,000
Historic Data - March 2013
Assets$1.14 billion
Equity Capital$133.03 million
Loan Loss Allowance$15.50 million
Unbacked Noncurrent Loans$24.27 million
Real Estate Owned$1.24 million
Profit Margin - Quarterly
Net Interest Margin3.18%
Return on Assets0.69%
Return on Equity3.58%
Interest Income$8.92 million

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

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

CharterBank Money Market Rates

0.25%$100k-Premier Plus Money Market Account
0.08%$1k-Retirement Premier Money Market Account

CharterBank Checking Account Rates

0.51%-$15kREWARDSChecking - Qualifying
0.15%$15k-High Interest Checking
0.10%$50k-Business With Interest Checking
0.09%--REWARDSChecking - Non Qualifying
0.05%--50 + Free Interest Checking
0.05%--Direct Deposit FREE Interest Checking

CharterBank CD Rates

1.47%$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
0.06%$1,500-6 Month CD
0.03%$1,500-91 Day CD

CharterBank IRA Rates

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
0.06%$1,500-6 Month IRA
0.03%$1,500-91 Day IRA

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