First Bank of Coastal Georgia

First Bank of Coastal Georgia is headquartered in Pembroke and is the 140^th largest bank in the state of Georgia. It is also the 4,326^th largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 30 employees at 2 locations. First Bank of Coastal Georgia has a 3-star health rating.

First Bank of Coastal Georgia Routing Number: 061206843

Data for Q1 2012

Institution Statistics First Bank of Coastal Georgia FDIC Certificate # 15580 BankRate Report View Year Established 1907 Employees 30 Primary Regulator FDIC Assets and Liabilities Assets $126.81 million Loans $44.35 million Deposits $103.41 million Equity Capital $13.34 million Loan Loss Allowance $2.25 million Unbacked Noncurrent Loans $6.42 million Real Estate Owned $3.56 million Historic Data - March 2011 Assets $126.50 million Equity Capital $11.37 million Loan Loss Allowance $2.21 million Unbacked Noncurrent Loans $5.61 million Real Estate Owned $1.99 million Profit Margin - Quarterly Net Interest Margin 3.43% Return on Assets 1.08% Return on Equity 10.33% Interest Income $1.24 million

Institution Health Overall Score: 3 out of 5 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 March 31, 2012 First Bank of Coastal Georgia had $9.98 million in non-current loans and owned real-estate with $15.58 million in equity and loan loss allowances on hand to cover it. This gives First Bank of Coastal Georgia a Texas Ratio of 64.03% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Bank of Coastal Georgia held steady from 55.95% as of March 31, 2011 to 64.03% as of March 31, 2012, resulting in a negative change of 14.45%. This indicates that the balance sheet and financial strength for First Bank of Coastal Georgia has held steady in recent periods. Deposit Growth In the past year, First Bank of Coastal Georgia has increased its total deposits by $574,000, resulting in 0.56% 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 First Bank of Coastal Georgia has shown is average. Capitalization 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. First Bank of Coastal Georgia has $126.81 million in assets with $15.58 million in equity, resulting in a capitalization level of 12.29%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.