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Overview / Commentary
108 South Church Street
Thomaston, GA 30286

SouthCrest Bank is headquartered in Thomaston and is the 51st largest bank in the state of Georgia. It is also the 2,259th largest bank in the nation. It was established in 1951 and as of December of 2013, it had grown to 169 employees at 7 locations. SouthCrest Bank has a C+ health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 SouthCrest Bank had $5.23 million in non-current loans and owned real-estate with $25.8 million in equity and loan loss allowances on hand to cover it. This gives SouthCrest Bank a Texas Ratio of 20.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for SouthCrest Bank decreased slightly from 27.95% as of December 31, 2012 to 20.27% as of December 31, 2013, resulting in a positive change of 27.49%.This indicates that the balance sheet and financial strength for SouthCrest Bank has improved slightly in recent periods.

Deposit Growth


In the past year, SouthCrest Bank has decreased its total deposits by -$11.4 million, resulting in -4.22% 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 SouthCrest Bank has shown is below average.



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. SouthCrest Bank has $285.14 million in assets with $25.8 million in equity, resulting in a capitalization level of 9.05%, which is average.

Institution Statistics

FDIC Certificate #17041
Year Established1951
Primary RegulatorFDIC
Assets and Liabilities
Assets$285.14 million
Loans$145.21 million
Deposits$259.10 million
Equity Capital$23.00 million
Loan Loss Allowance$2.81 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$2.43 million
Historic Data - December 2012
Assets$299.77 million
Equity Capital$26.17 million
Loan Loss Allowance$3.62 million
Unbacked Noncurrent Loans$2.80 million
Real Estate Owned$2.79 million
Profit Margin - Quarterly
Net Interest Margin4.1%
Return on Assets-1.22%
Return on Equity-14.42%
Interest Income$11.27 million
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SouthCrest Bank Checking Account Rates

0.55%-$25kReward Checking
0.10%--Reward Checking

SouthCrest Bank Locations
Warm Springs Branch101 Broad StreetWarm Springs, GA 31830
Tyrone Branch105 St. Stephens Court, Suite ATyrone, GA 30290
Southcrest Bank108 South Church StreetThomaston, GA 30286
Johns Creek Branch11675 Medlock Bridge RoadJohns Creek, GA 30097
Luthersville Branch24 North Main StreetLuthersville, GA 30251
Manchester Branch406 West Main StreetManchester, GA 31816
Northside Branch943 North Church StreetThomaston, GA 30286