Greater Rome Bank

Greater Rome Bank Locations
1490 Martha Berry Blvd
Rome, GA 30165
(706) 295-9300
www.greaterromebank.com

Greater Rome Bank is headquartered in Rome and is the 110st largest bank in the state of Georgia. It is also the 3,643rd largest bank in the nation. It was established in 1996 and as of September of 2011, it had grown to 49 employees at 4 locations. Greater Rome Bank has a 2-star health rating.

Greater Rome Bank Routing Number: 061104880

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4.15% Reward Checking Account at Greater Rome Bank in Georiga - 4/20/2009

Update 10/24/09: The top rate has fallen to 4.15% APY.Greater Rome Bank is offering a reward checking account called Reach Your Peak Checking. The account offers the following rates if certain monthly requirements are met:4.15% APY on balances up to...



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See Rates for: Checking | Savings | CD

Greater Rome Bank Checking Account Rates

ApyMinMaxProduct
1.50%-$15kReach Your Peak Checking
0.25%$10k-Personal Money Market Account
0.20%$50k-Premium Commercial Money Market Account
0.15%$2,500-Business Interest Checking
0.10%$1k-Greater Romans Club

Greater Rome Bank Savings Account Rates

ApyMinMaxProduct
0.25%$25k-Classic Savings

Greater Rome Bank CD Rates

ApyMinMaxProduct
0.80%$2k-48 Month CD
0.80%$2k-48 Month Business CD
0.60%$2k-36 Month CD
0.60%$2k-36 Month Business CD
0.35%$2k-24 Month CD
0.35%$2k-24 Month Business CD
0.30%$2k-18 Month CD
0.30%$2k-18 Month Business CD
0.25%$2k-12 Month CD
0.25%$2k-12 Month Business CD
0.15%$2k-6 Month CD
0.15%$2k-6 Month Business CD
0.12%$2k-12 Month Advantage Option CD
0.12%$2k-12 Month Advantage Option Business CD
0.10%$2k-3 Month CD
0.10%$2k-3 Month Business CD

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


Greater Rome Bank
FDIC Certificate #34138
BankRate ReportView
Year Established1996
Employees49
Primary RegulatorFDIC

Assets and Liabilities

Assets$162.57 million
Loans$83.63 million
Deposits$127.16 million
Equity Capital$14.04 million
Loan Loss Allowance$2.84 million
Unbacked Noncurrent Loans$4.15 million
Real Estate Owned$3.72 million

Historic Data - September 2010

Assets$177.70 million
Equity Capital$13.51 million
Loan Loss Allowance$1.85 million
Unbacked Noncurrent Loans$3.57 million
Real Estate Owned$790,000

Profit Margin - Quarterly

Net Interest Margin3.77%
Return on Assets-1.38%
Return on Equity-16.73%
Interest Income$5.42 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 September 30, 2011 Greater Rome Bank had $7.87 million in non-current loans and owned real-estate with $16.88 million in equity and loan loss allowances on hand to cover it. This gives Greater Rome Bank a Texas Ratio of 46.62% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Greater Rome Bank increased slightly from 28.41% as of September 30, 2010 to 46.62% as of September 30, 2011, resulting in a negative change of 64.07%. This indicates that the balance sheet and financial strength for Greater Rome Bank has declined slightly in recent periods.
Deposit Growth1
In the past year, Greater Rome Bank has decreased its total deposits by -$7.73 million, resulting in -5.73% 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 Greater Rome Bank has shown is poor.
Capitalization4
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. Greater Rome Bank has $162.57 million in assets with $16.88 million in equity, resulting in a capitalization level of 10.38%, which is above average.
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