2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Gwinnett Community Bank

Gwinnett Community Bank Locations
2775 Buford Highway
Duluth , GA 30096
770-476-2775
www.gwinnettcommunitybank.com

FDIC

Gwinnett Community Bank is headquartered in Duluth and is the 29th largest bank in the state of Georgia. It is also the 1,453rd largest bank in the nation. It was established in 1999 and as of December of 2012, it had grown to 46 employees at 3 locations. Gwinnett Community Bank has a 1-star health rating.

Gwinnett Community Bank Routing Number: 061119765

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4.01% Reward Checking Account at Gwinnett Community Bank in Georgia - 3/29/2009

Gwinnett Community Bank is offering a reward checking account called Emerald Rewards Checking. The account offers the following features if certain monthly requirements are met:4.01% APY on balances up to $25,0001.01% APY on balances over $25,0000.10%...


Data for Q4 2012


Institution Statistics


Gwinnett Community Bank
FDIC Certificate #35249
BankRate ReportView
Year Established1999
Employees46
Primary RegulatorFDIC

Assets and Liabilities

Assets$460.50 million
Loans$286.90 million
Deposits$424.81 million
Equity Capital$14.54 million
Loan Loss Allowance$6.21 million
Unbacked Noncurrent Loans$45.82 million
Real Estate Owned$34.06 million

Historic Data - December 2011

Assets$493.16 million
Equity Capital$15.64 million
Loan Loss Allowance$7.52 million
Unbacked Noncurrent Loans$51.35 million
Real Estate Owned$43.61 million

Profit Margin - Quarterly

Net Interest Margin2.46%
Return on Assets-0.23%
Return on Equity-7.17%
Interest Income$17.70 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
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, 2012 Gwinnett Community Bank had $79.88 million in non-current loans and owned real-estate with $20.75 million in equity and loan loss allowances on hand to cover it. This gives Gwinnett Community Bank a Texas Ratio of 384.98% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Gwinnett Community Bank held steady from 409.93% as of December 31, 2011 to 384.98% as of December 31, 2012, resulting in a positive change of 6.09%.This indicates that the balance sheet and financial strength for Gwinnett Community Bank has held steady in recent periods.
Deposit Growth1
In the past year, Gwinnett Community Bank has decreased its total deposits by -$25.65 million, resulting in -5.7% 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 Gwinnett Community Bank has shown is poor.
Capitalization1
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. Gwinnett Community Bank has $460.5 million in assets with $20.75 million in equity, resulting in a capitalization level of 4.51%, which is poor.
Write Review

Very Unprofessional
1 stars - GregBlack - Thursday, September 22, 2011 - 1:34 PM

I Found GCB to be very Unprofessional and disorganized, Mainly one of it's employee Mr.Micheal Kirk...It took 2weeks to finally reach him concerning a house my wife and i were considering renting after reaching him i was sent an application After senting the App and no Response it took a week of calling his office to reach him, His response was we are reviewing Apps and would get back to me in 2 days...After another week of waiting and calling leaving messages on his machine ect... i finally reached him, he's response was were looking though more Apps?? And that he would contact me when he knows something..After another week of waiting my wife and i desided to visit the house once more, to our surprise we witnessed a couple moving in...We still till this day have yet to receive a phone call from Mr.Kirk...VERY UNPROFESSIONAL

6

Unfair Characterization
5 stars - orlandoojeda - Saturday, December 1, 2012 - 6:19 AM

I find these comments completely opposite, I've been banking with Gwinnett Community Bank for well over 16 years. I find Don,Janus,Debra, Joe to be very caring, they are a business like everyone else. The banking business like everyone else has been hit, we all are not perfect people and businesses are not any different, but their good people.

2

Horrible Experience Here
1 stars - ThinkingPerson - Friday, December 2, 2011 - 8:38 AM

You know the perception that small community banks are better managed by local, upstanding, well-meaning business people deeply involved in the area?  Well...  I don't know which bank that would be in Gwinnett County, but my personal experience tells me that it’s probably isn’t Gwinnett Community Bank. 

I experienced nothing positive interacting with this place.  

Look for information on this bank anywhere on the internet and you'll see poor ratings abound: single stars, "very weak", etc.  Typically, when a business has this many, consistent ratings of a similar nature, it means something.  Perhaps customer service?  Perhaps senior leadership?  Perhaps their overall business practices?  Regardless, my recommendation is you do your homework before doing ANY business with this financial institution.

I had a shockingly poor experience here.  And that's a surprise because I thought small banks were supposed to be the 'good guys'.  I guess low bank stability ratings causes rude, questionable behavior.  

1
 
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