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18 Georgia Heritage Place
Dallas, GA 30132

Georgia Heritage Bank is headquartered in Dallas and is the 192nd largest bank in the state of Georgia. It is also the 5,526th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 15 employees at 2 locations. Georgia Heritage Bank has a C- health rating.

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Bad Expierence

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Go elsewhere.



Health

Data for Q1 2014

Institution Health

C-
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Georgia Heritage Bank has a relatively low asset base.

Texas Ratio

GRADE:
F

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 March 31, 2014 Georgia Heritage Bank had $4.15 million in non-current loans and owned real-estate with $3.25 million in equity and loan loss allowances on hand to cover it. This gives Georgia Heritage Bank a Texas Ratio of 127.64% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Georgia Heritage Bank decreased dramatically from 334.31% as of March 31, 2013 to 127.64% as of March 31, 2014, resulting in a positive change of 61.82%.This indicates that the balance sheet and financial strength for Georgia Heritage Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Georgia Heritage Bank has increased its total deposits by $1.85 million, resulting in 3.09% 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 Heritage Bank has shown is excellent.

Capitalization

GRADE:
F

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 Heritage Bank has $66.93 million in assets with $3.25 million in equity, resulting in a capitalization level of 4.86%, which is poor.

Institution Statistics

Overall
FDIC Certificate #58005
Year Established2005
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$66.93 million
Loans$41.43 million
Deposits$61.78 million
Equity Capital$2.77 million
Loan Loss Allowance$482,000
Unbacked Noncurrent Loans$576,000
Real Estate Owned$3.58 million
Historic Data - March 2013
Assets$63.82 million
Equity Capital$1.67 million
Loan Loss Allowance$607,000
Unbacked Noncurrent Loans$576,000
Real Estate Owned$3.93 million
Profit Margin - Quarterly
Net Interest Margin4.3%
Return on Assets0.51%
Return on Equity12.81%
Interest Income$657,000
Rates

Sorry, we do not have rate data for Georgia Heritage Bank

Locations


Georgia Heritage Bank Locations
Georgia Heritage Bank18 Georgia Heritage PlaceDallas, GA 30132
Cartersville Branch215 Cherokee PlaceCartersville, GA 30121
Marietta Branch3622 Dallas HighwayMarietta, GA 30064