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3530 Wheeler Road
Augusta, GA 30909

Georgia Bank & Trust is headquartered in Augusta and is the 10st largest bank in the state of Georgia. It is also the 401st largest bank in the nation. It was established in 1989 and as of June of 2014, it had grown to 352 employees at 12 locations. Georgia Bank & Trust has a A health rating.

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Reviews (2)

Impact Checking

I recently opened an account at this bank to take advantage of their Impact Checking.  The account pays 4.01% on the first 25k and 1.01% on amounts above if you meet the qualifications of 10 debit card transactions (signature or PIN based count), receive e-statements, and have either one direct deposit, one ACH automatic payment, or one Bill Pay. They refund ATM fees up to $25, there are unlimited check writing and no minimum balance. 

I opened the account in the Athens, GA branch.  Opening the account was easy and the branch personnel were very nice and helpful.  Debit cards and checks were slow to arrive, probably a full week to get the cards, another couple days for the PINs and another few days for the checks.  The good news is that you receive the qualifiying rate your first statement cycle so you don't have to worry about their slow cards/checks.  The other strange thing is how their statement cycles work.  Statements are generated on the third Wednesday of the month, so the qualifiying cycle runs from the thrid Wednesday to the third Wednesday of the next month.  (For a full list, see  This can kind of be tricky if you are only paid monthly and in the middle of the month, as your direct deposit might fall in one cycle one month, and another cycle on another month.  For example, if you are paid on the 15th your check falls at the end of the cycle most months but would fall at the beginning of the September-October cycle. 

The other disappointment is that the bank has announced that they are closing the Athens branch in November.  The other branches are located in Augusta, GA so that is about a couple hours away.  Checks can be deposited by mail and ATM fees are refunded so I think this will be a minor inconvenience but I am sorry to see that our local staff will be losing their jobs.  They are all truly very nice people!  When I opened the account, they did mention that they don't expect to eliminate the Impact Checking or reduce the rate in the near future but who knows.  Still, for 4.01% I am very pleased and I hope to stay with them for a long time!

Mortgage Loan

I have been working "with" the mortgage dept. about purchasing a home. These folks are the most inconsistant,(maybe ignorant?) people I've ever dealt with. They don't seem to know what to ask for in basic things.

We we're supposed to close on a date, were told everythings good 3 days before. Closing got delayed(luckily for us) & 2days AFTER the original date, we were told the bank(Georgia Bank & Trust) had to have a significant amount of information from us to OK the loan? I would have been so embarrassed to find at the closing we were not approved at this point. Every time they said we were ok, they came back needing more info. I understand the need for information, but most of the things they asked for should have been requested at the beginning of this process(I mean 4weeks+ in process you realize you need income info?) We stopped the process & went with another lender.


Data for Q2 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 June 30, 2014 Georgia Bank & Trust had $16.57 million in non-current loans and owned real-estate with $188.64 million in equity and loan loss allowances on hand to cover it. This gives Georgia Bank & Trust a Texas Ratio of 8.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Georgia Bank & Trust decreased dramatically from 18.29% as of June 30, 2013 to 8.78% as of June 30, 2014, resulting in a positive change of 51.96%.This indicates that the balance sheet and financial strength for Georgia Bank & Trust has improved dramatically in recent periods.

Deposit Growth


In the past year, Georgia Bank & Trust has increased its total deposits by $88.29 million, resulting in 6.1% 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 Georgia Bank & Trust has shown is excellent.



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. Georgia Bank & Trust has $1.78 billion in assets with $188.64 million in equity, resulting in a capitalization level of 10.61%, which is above average.

Institution Statistics

FDIC Certificate #27574
Year Established1989
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.78 billion
Loans$957.85 million
Deposits$1.54 billion
Equity Capital$161.76 million
Loan Loss Allowance$26.88 million
Unbacked Noncurrent Loans$15.07 million
Real Estate Owned$1.50 million
Historic Data - June 2013
Assets$1.69 billion
Equity Capital$146.91 million
Loan Loss Allowance$27.25 million
Unbacked Noncurrent Loans$15.07 million
Real Estate Owned$1.10 million
Profit Margin - Quarterly
Return on Assets0.95%
Return on Equity10.65%
Interest Income$30.21 million

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Georgia Bank & Trust has 12 locations. Click to view all Georgia Bank & Trust locations.