Georgia Commerce Bank is headquartered in Atlanta and is the 17st largest bank in the state of Georgia. It is also the 697th largest bank in the nation. It was established in 2003 and as of June of 2014, it had grown to 138 employees at 9 locations. Georgia Commerce Bank has a A+ health rating.
Several months ago, we moved our personal banking to Georgia Commerce's Marietta Branch. We have also been in contact with the Commercial staff at this branch. We've never visiting the other locations, but the Marietta staff is extremely available, helpful, thorough and accommodating. They know us by name and spend whatever time is needed to answer our questions. The office is new and spacious, with easy parking and easy access from I-75 or downtown Marietta. I just wish they had more branches, but am happy they are growing slowly in order to stay so financially sound. Hats off to them!
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 Commerce Bank had $5.21 million in non-current loans and owned real-estate with $116.09 million in equity and loan loss allowances on hand to cover it. This gives Georgia Commerce Bank a Texas Ratio of 4.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Georgia Commerce Bank decreased dramatically from 15.00% as of June 30, 2013 to 4.49% as of June 30, 2014, resulting in a positive change of 70.08%.This indicates that the balance sheet and financial strength for Georgia Commerce Bank has improved dramatically in recent periods.
In the past year, Georgia Commerce Bank has increased its total deposits by $146.25 million, resulting in 21.35% 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 Commerce Bank 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 Commerce Bank has $961.68 million in assets with $116.09 million in equity, resulting in a capitalization level of 12.07%, which is excellent.
|FDIC Certificate #||57521|
|Assets and Liabilities|
|Equity Capital||$109.30 million|
|Loan Loss Allowance||$6.79 million|
|Unbacked Noncurrent Loans||$456,000|
|Real Estate Owned||$4.76 million|
|Historic Data - June 2013|
|Equity Capital||$79.15 million|
|Loan Loss Allowance||$8.90 million|
|Unbacked Noncurrent Loans||$456,000|
|Real Estate Owned||$10.45 million|
|Profit Margin - Quarterly|
|Return on Assets||0.89%|
|Return on Equity||8.06%|
|Interest Income||$22.61 million|
Always verify rates and promotions with the bank or credit union. We are not Georgia Commerce Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.40%||$100k||-||Premium Money Market|
|0.40%||$100k||-||Commercial Money Market|
|0.10%||-||-||Commercial Interest Checking|
|0.60%||$500||-||24 Month CD|
|0.60%||$500||-||36 Month CD|
|0.60%||$500||-||48 Month CD|
|0.60%||$500||-||60 Month CD|
|0.50%||$500||-||18 Month CD|
|0.40%||$500||-||12 Month CD|
|0.20%||$500||-||6 Month CD|
|0.15%||$500||-||3 Month CD|
|0.60%||-||-||24 Month IRA|
|0.60%||-||-||36 Month IRA|
|0.60%||-||-||48 Month IRA|
|0.60%||-||-||60 Month IRA|
|0.50%||-||-||18 Month IRA|
|0.40%||-||-||12 Month IRA|
|0.20%||-||-||6 Month IRA|
|0.15%||-||-||3 Month IRA|
|Georgia Commerce Bank Locations|
|Creekside Bank Branch||100 Springfield Drive||Woodstock, GA 30188|
|Norcross Branch||200 Scientific Drive||Norcross, GA 30092|
|Patriot Bank Of Georgia Branch||2555 Peachtree Parkway||Cumming, GA 30041|
|Buckhead Center||2970 Peachtree Road, NW, Suite 100||Atlanta, GA 30305|
|Acworth Office Branch||3590 Cobb Parkway NW||Acworth, GA 30101|
|Georgia Commerce Bank||3625 Cumberland Boulevard, Building Two||Atlanta, GA 30339|
|Marietta Branch||709 Canton Road||Marietta, GA 30060|