1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Hamilton State Bank

Hamilton State Bank Locations
1907 Highway 211
Hoschton, GA 30548
www.hamiltonstatebank.com

FDIC

Hamilton State Bank is headquartered in Hoschton and is the 12st largest bank in the state of Georgia. It is also the 493rd largest bank in the nation. It was established in 2004 and as of December of 2012, it had grown to 352 employees at 22 locations. Hamilton State Bank has a 4-star health rating.


Data for Q4 2012


Institution Statistics


Hamilton State Bank
FDIC Certificate #57810
BankRate ReportView
Year Established2004
Employees352
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.37 billion
Loans$541.25 million
Deposits$1.11 billion
Equity Capital$213.58 million
Loan Loss Allowance$13.13 million
Unbacked Noncurrent Loans$82.06 million
Real Estate Owned$7.08 million

Historic Data - December 2011

Assets$906.70 million
Equity Capital$146.56 million
Loan Loss Allowance$3.54 million
Unbacked Noncurrent Loans$67.74 million
Real Estate Owned$4.69 million

Profit Margin - Quarterly

Net Interest Margin4.42%
Return on Assets1.37%
Return on Equity8.96%
Interest Income$52.48 million

Institution Health


Overall Score:
4 out of 5
4
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 December 31, 2012 Hamilton State Bank had $89.13 million in non-current loans and owned real-estate with $226.71 million in equity and loan loss allowances on hand to cover it. This gives Hamilton State Bank a Texas Ratio of 39.32% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Hamilton State Bank decreased slightly from 48.25% as of December 31, 2011 to 39.32% as of December 31, 2012, resulting in a positive change of 18.52%.This indicates that the balance sheet and financial strength for Hamilton State Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Hamilton State Bank has increased its total deposits by $388.68 million, resulting in 53.53% 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 Hamilton State Bank has shown is excellent.
Capitalization5
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. Hamilton State Bank has $1.37 billion in assets with $226.71 million in equity, resulting in a capitalization level of 16.58%, which is excellent.
Write Review

STAY AWAY FROM THE MORTGAGE DEPT!!
1 stars - Anonymous - Tuesday, November 16, 2010 - 12:49 PM

My husband and I built a house this year and used (after high recommendations from the builder) went with Hamilton State Bank for our construction loan. Our house was finished in May and the bank has been trying to do the final closing on our house ever since then. It is now the middle of November, and they still have NO idea when we are closing. I will call, leave a message, and they call me back days sometimes weeks later, if at all. When I talk to them, they tell me that we are close and they will call back the next week, never to be heard from until I call three weeks later. The builder told me that I would have to pay minimal construction interest because they should have us closing within 30 days. Since then we have paid almost $1200 a month in interest! It has gotten beyond the point of ridiculous!! I don't know if we are the only case of this happening to a customer or not but I do NOT recommend this bank for mortgages!!

12

Worst In Loans!!
1 stars - InsanePagan - Friday, September 7, 2012 - 5:25 PM

Like the other reviewer, we had a house built through America's Home Place who highly recomended this bank. They started construction, assuring us that the loan would be closed in about 30 days after construction was completed. The bank also was very eager to get the construction loan going, but has been dragging their feet on closing the lower rated loan. Construction was completed in June and some how we are still waiting. They keep having to send it back to the lender for corrections and the corrections are things they said in the beginning that had to be done. We've been having to pay for a $1100 construction loan (that's only the interest) on top of paying the bills and rent for another home while waiting. I'm very disappointed and will not be using this bank again. EVER!

3
 
Nationwide Savings Accounts
Featured Accounts