State Bank and Trust Company is headquartered in Macon and is the 8th largest bank in the state of Georgia. It is also the 289th largest bank in the nation. It was established in 2005 and as of September of 2013, it had grown to 568 employees at 25 locations. State Bank and Trust Company's money market rates are 14% higher than the national average, and it has a B health rating.
I have a loan with State Bank only for the fact that the bank I had this loan with was taken over by State Bank. I can not and will not tell any one to use this bank. It is the hardest bank and people to work with that I have ever had any dealings with. DO NOT USE THEM!
The bank location in Atlanta is the worst bank I have ever dealt with. They seem to be more concerned with how many departments they have and how more important they think they are than customer needs. What should take a day to get resolved takes weeks.
I have moved all of my accounts to another bank that seems to really care about customer service. I have been a businessman for over 20 years, and dealt with several banks which all are better than State Bank& Trust, in my experience.
This is by far the best bank I have ever dealt with. I moved all of my accounts to this bank after I became fed up with my former very large bank, and I am so glad I switched. I have a checking account, debit card, and money market account with State Bank & Trust. My checking earns a small amount of interest each month. Even better, if I have at least 10 credit-based transactions on my debit card each month, I earn a high interest rate on my money market account. I never pay any fees on any of these accounts, and earn extra money through the interest payments each month. Every person I have interacted with at this bank has been extremely helpful. The tellers are very friendly and care about giving you great customer service. State Bank & Trust also provides online banking which is very convenient and easy to use. I often transfer money online between my checking and money market accounts and never have any problems. My only complaint is I wish they stayed open later on weekdays or had Saturday hours. However, that is a small issue and the superior customer service and interest rates I receive are well worth it!
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 September 30, 2013 State Bank and Trust Company had $62.42 million in non-current loans and owned real-estate with $398.81 million in equity and loan loss allowances on hand to cover it. This gives State Bank and Trust Company a Texas Ratio of 15.65% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for State Bank and Trust Company increased slightly from 1.11% as of September 30, 2012 to 15.65% as of September 30, 2013, resulting in a negative change of 1,309.12%. This indicates that the balance sheet and financial strength for State Bank and Trust Company has declined slightly in recent periods.
In the past year, State Bank and Trust Company has decreased its total deposits by -$53.03 million, resulting in -2.45% 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 State Bank and Trust Company has shown is 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. State Bank and Trust Company has $2.53 billion in assets with $398.81 million in equity, resulting in a capitalization level of 15.75%, which is excellent.
|FDIC Certificate #||57870|
|Assets and Liabilities|
|Equity Capital||$370.31 million|
|Loan Loss Allowance||$28.50 million|
|Unbacked Noncurrent Loans||$61.44 million|
|Real Estate Owned||$974,000|
|Historic Data - September 2012|
|Equity Capital||$391.52 million|
|Loan Loss Allowance||$60.74 million|
|Unbacked Noncurrent Loans||$61.44 million|
|Real Estate Owned||$892,000|
|Profit Margin - Quarterly|
|Net Interest Margin||7.45%|
|Return on Assets||0.21%|
|Return on Equity||1.44%|
|Interest Income||$127.56 million|
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|0.25%||-||-||Commercial Savings Account|
|0.50%||-||-||Premium Rate MM w/ qualifying checking account|
|0.25%||$2,500||-||New State of Banking Money Market|
|0.25%||$2,500||-||Business New State of Banking Money Market|
|0.15%||$50k||-||Premium Select Checking|
|0.05%||-||-||Direct Deposit Interest Checking|
|0.05%||-||-||50+ Interest Checking|
|0.90%||$1k||-||60 Month CD|
|0.70%||$1k||-||48 Month CD|
|0.60%||$1k||-||36 Month CD|
|0.60%||$1k||-||22 Month CD w/ Relationship|
|0.55%||$1k||-||15 Month CD w/ Relationship|
|0.50%||$1k||-||24 Month CD|
|0.30%||$1k||-||12 Month CD|
|0.15%||$1k||-||6 Month CD|
|0.10%||$1k||-||3 Month CD|
|0.05%||$1k||-||30 Day CD|
|0.90%||$1k||-||60 Month IRA|
|0.90%||$1k||-||60 Month Roth IRA|
|0.70%||$1k||-||48 Month IRA|
|0.70%||$1k||-||48 Month Roth IRA|
|0.60%||$1k||-||36 Month IRA|
|0.60%||$1k||-||36 Month Roth IRA|
|0.60%||$1k||-||22 Month IRA w/ Relationship|
|0.60%||$1k||-||22 Month Roth IRA w/ Relationship|
|0.55%||$1k||-||15 Month IRA w/ Relationship|
|0.55%||$1k||-||15 Month Roth IRA w/ Relationship|
|0.50%||$1k||-||24 Month IRA|
|0.50%||$1k||-||24 Month Roth IRA|
|0.30%||$1k||-||12 Month IRA|
|0.30%||$1k||-||12 Month Roth IRA|
|0.15%||$1k||-||6 Month IRA|
|0.15%||$1k||-||6 Month Roth IRA|
|0.10%||$1k||-||3 Month IRA|
|0.10%||$1k||-||3 Month Roth IRA|
|0.05%||$1k||-||30 Day IRA|
|0.05%||$1k||-||30 Day Roth IRA|