Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
18 Georgia Heritage Place
Dallas, GA 30132

Georgia Heritage Bank is headquartered in Dallas and is the 195th largest bank in the state of Georgia. It is also the 5,621st largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 15 employees at 2 locations. Georgia Heritage Bank has a F health rating.

Reviews (1)

Bad Expierence

They are not consumer friendly.

Go elsewhere.



Health

Data for Q4 2013

Institution Health

F
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 funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Georgia Heritage Bank had $7.48 million in non-current loans and owned real-estate with $3.01 million in equity and loan loss allowances on hand to cover it. This gives Georgia Heritage Bank a Texas Ratio of 248.42% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Georgia Heritage Bank decreased slightly from 340.52% as of December 31, 2012 to 248.42% as of December 31, 2013, resulting in a positive change of 27.05%.This indicates that the balance sheet and financial strength for Georgia Heritage Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Georgia Heritage Bank has increased its total deposits by $677,000, resulting in 1.14% 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 above average.

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 $65.19 million in assets with $3.01 million in equity, resulting in a capitalization level of 4.62%, which is poor.

Institution Statistics

Overall
FDIC Certificate #58005
Year Established2005
Employees15
Primary RegulatorFDIC
Assets and Liabilities
Assets$65.19 million
Loans$39.66 million
Deposits$59.85 million
Equity Capital$2.54 million
Loan Loss Allowance$471,000
Unbacked Noncurrent Loans$3.88 million
Real Estate Owned$3.60 million
Historic Data - December 2012
Assets$62.80 million
Equity Capital$1.66 million
Loan Loss Allowance$598,000
Unbacked Noncurrent Loans$3.88 million
Real Estate Owned$3.93 million
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets0.77%
Return on Equity24.86%
Interest Income$2.49 million
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