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Community Bank of Pickens County

Community Bank of Pickens County Locations
15 Sammy McGhee Blvd PO Box 40
Jasper, GA 30143
706-253-9600
www.cbopc.com

FDIC

Community Bank of Pickens County is headquartered in Jasper and is the 48th largest bank in the state of Georgia. It is also the 2,059th largest bank in the nation. It was established in 2000 and as of March of 2013, it had grown to 46 employees at 2 locations. Community Bank of Pickens County has a 2-star health rating.

Related Posts

Community Bank Of Pickens County Slashes Reward Checking Rate (Forum) - 7/29/2010

Two readers have reported that Community Bank of Pickens County in Georgia has slashed its reward checking rate. It appears the FDIC may have required the bank to keep its deposit rates below the FDIC rate caps. The bank has not replied to my email questi

Nice People (Forum) - 1/26/2010

Nice people, opened an account 12/09, no problems so far.  However, bank regulators may force them to lower their rate first quarter 2010.

Reward Checking Account at Community Bank of Pickens County in Georgia - 11/17/2008

Community Bank of Pickens County is offering a rewards checking account that pays 5.01% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees nationwide if the following monthly requirements are met:10 MasterCard check card purchasesone...


Data for Q1 2013


Institution Statistics


Community Bank of Pickens County
FDIC Certificate #35513
BankRate ReportView
Year Established2000
Employees46
Primary RegulatorFDIC

Assets and Liabilities

Assets$317.20 million
Loans$232.66 million
Deposits$297.11 million
Equity Capital$15.97 million
Loan Loss Allowance$3.81 million
Unbacked Noncurrent Loans$7.42 million
Real Estate Owned$20.73 million

Historic Data - March 2012

Assets$299.28 million
Equity Capital$14.62 million
Loan Loss Allowance$4.86 million
Unbacked Noncurrent Loans$21.45 million
Real Estate Owned$14.23 million

Profit Margin - Quarterly

Net Interest Margin3.96%
Return on Assets0.67%
Return on Equity13.17%
Interest Income$3.56 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 March 31, 2013 Community Bank of Pickens County had $28.15 million in non-current loans and owned real-estate with $19.78 million in equity and loan loss allowances on hand to cover it. This gives Community Bank of Pickens County a Texas Ratio of 142.33% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Community Bank of Pickens County decreased slightly from 183.11% as of March 31, 2012 to 142.33% as of March 31, 2013, resulting in a positive change of 22.27%.This indicates that the balance sheet and financial strength for Community Bank of Pickens County has improved slightly in recent periods.
Deposit Growth5
In the past year, Community Bank of Pickens County has increased its total deposits by $16.27 million, resulting in 5.79% 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 Community Bank of Pickens County has shown is excellent.
Capitalization2
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. Community Bank of Pickens County has $317.2 million in assets with $19.78 million in equity, resulting in a capitalization level of 6.23%, which is below average.
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Great Bank. Personal Service. Not A Big Box Bank.
5 stars - Anonymous - Saturday, April 9, 2011 - 6:26 AM

This bank took care of my family and I when other big box banks (Bank of America, Well Fargo, United Community Bank, Regions Bank) flat out refused. I have been honest with them - they have been honest with me. My house is now built and vehicles financed at very good rates. I'm self employed.

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