First Cherokee State Bank

First Cherokee State Bank is headquartered in Woodstock and is the 79^th largest bank in the state of Georgia. It is also the 2,865^th largest bank in the nation. It was established in 1989 and as of March of 2012, it had grown to 64 employees at 3 locations. First Cherokee State Bank's savings rates are 44% higher than the national average, but it has a 1-star health rating.

First Cherokee State Bank Routing Number: 061104262

First Cherokee State Bank Checking Account Rates

First Cherokee State Bank Savings Account Rates

First Cherokee State Bank Money Market Rates

Data for Q1 2012

Institution Statistics First Cherokee State Bank FDIC Certificate # 32711 BankRate Report View Year Established 1989 Employees 64 Primary Regulator FDIC Assets and Liabilities Assets $222.73 million Loans $135.78 million Deposits $193.28 million Equity Capital $2.72 million Loan Loss Allowance $5.00 million Unbacked Noncurrent Loans $13.31 million Real Estate Owned $21.08 million Historic Data - March 2011 Assets $250.26 million Equity Capital $9.14 million Loan Loss Allowance $4.07 million Unbacked Noncurrent Loans $15.86 million Real Estate Owned $23.85 million Profit Margin - Quarterly Net Interest Margin 3.4% Return on Assets -3.93% Return on Equity -228.74% Interest Income $2.22 million

Institution Health Overall Score: 1 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 Cherokee State Bank had $34.38 million in non-current loans and owned real-estate with $7.72 million in equity and loan loss allowances on hand to cover it. This gives First Cherokee State Bank a Texas Ratio of 445.63% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Cherokee State Bank increased slightly from 300.85% as of March 31, 2011 to 445.63% as of March 31, 2012, resulting in a negative change of 48.13%. This indicates that the balance sheet and financial strength for First Cherokee State Bank has declined slightly in recent periods. Deposit Growth In the past year, First Cherokee State Bank has decreased its total deposits by -$20.7 million, resulting in -9.67% 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 Cherokee State Bank has shown is poor. 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 Cherokee State Bank has $222.73 million in assets with $7.72 million in equity, resulting in a capitalization level of 3.46%, which is poor.

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