Providence Bank (GA)

Providence Bank (GA) is headquartered in Alpharetta and is the 157^th largest bank in the state of Georgia. It is also the 4,584^th largest bank in the nation. It was established in 2006 and as of March of 2012, it had grown to 11 employees at 1 location. Providence Bank (GA)'s money market rates are 82% higher than the national average, but it has a 1-star health rating.

Providence Bank (GA) Checking Account Rates

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Providence Bank (GA) IRA Rates

Data for Q1 2012

Institution Statistics Providence Bank FDIC Certificate # 58189 BankRate Report View Year Established 2006 Employees 11 Primary Regulator FDIC Assets and Liabilities Assets $114.92 million Loans $62.43 million Deposits $96.43 million Equity Capital $11.07 million Loan Loss Allowance $1.34 million Unbacked Noncurrent Loans $12.40 million Real Estate Owned $19.93 million Historic Data - March 2011 Assets $123.31 million Equity Capital $11.89 million Loan Loss Allowance $1.67 million Unbacked Noncurrent Loans $13.81 million Real Estate Owned $13.90 million Profit Margin - Quarterly Net Interest Margin 2.59% Return on Assets -0.24% Return on Equity -2.52% Interest Income $833,000

Institution Health Overall Score: 1 out of 5 Texas Ratio 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 March 31, 2012 Providence Bank (GA) had $32.33 million in non-current loans and owned real-estate with $12.41 million in equity and loan loss allowances on hand to cover it. This gives Providence Bank (GA) a Texas Ratio of 260.48% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Providence Bank (GA) increased slightly from 204.42% as of March 31, 2011 to 260.48% as of March 31, 2012, resulting in a negative change of 27.42%. This indicates that the balance sheet and financial strength for Providence Bank (GA) has declined slightly in recent periods. Deposit Growth In the past year, Providence Bank (GA) has decreased its total deposits by -$4.5 million, resulting in -4.46% 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 Providence Bank (GA) has shown is below average. Capitalization 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. Providence Bank (GA) has $114.92 million in assets with $12.41 million in equity, resulting in a capitalization level of 10.80%, which is above average.

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