Signature Bank of Georgia

Signature Bank of Georgia is headquartered in Sandy Springs and is the 111^st largest bank in the state of Georgia. It is also the 3,691^st largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 22 employees at 4 locations. Signature Bank of Georgia has a 1-star health rating.

Signature Bank of Georgia Routing Number: 061120615

Related Posts

Data for Q1 2012

Institution Statistics Signature Bank of Georgia FDIC Certificate # 58103 BankRate Report View Year Established 2005 Employees 22 Primary Regulator FDIC Assets and Liabilities Assets $160.53 million Loans $81.52 million Deposits $143.06 million Equity Capital $9.88 million Loan Loss Allowance $2.14 million Unbacked Noncurrent Loans $10.85 million Real Estate Owned $10.48 million Historic Data - March 2011 Assets $192.42 million Equity Capital $10.71 million Loan Loss Allowance $2.66 million Unbacked Noncurrent Loans $8.88 million Real Estate Owned $7.05 million Profit Margin - Quarterly Net Interest Margin 2.98% Return on Assets -1.71% Return on Equity -27.53% Interest Income $1.35 million

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 Signature Bank of Georgia had $21.33 million in non-current loans and owned real-estate with $12.02 million in equity and loan loss allowances on hand to cover it. This gives Signature Bank of Georgia a Texas Ratio of 177.38% 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 Signature Bank of Georgia increased slightly from 119.15% as of March 31, 2011 to 177.38% as of March 31, 2012, resulting in a negative change of 48.86%. This indicates that the balance sheet and financial strength for Signature Bank of Georgia has declined slightly in recent periods. Deposit Growth In the past year, Signature Bank of Georgia has decreased its total deposits by -$27.88 million, resulting in -16.31% 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 Signature Bank of Georgia has shown is poor. 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. Signature Bank of Georgia has $160.53 million in assets with $12.02 million in equity, resulting in a capitalization level of 7.49%, which is below average.

No reviews have been left for this bank yet. Be the first to review.