5 star ratingAverage User Rating:
5 star rating based on 1 review.

The Bank of Georgia

The Bank of Georgia Locations
100 Westpark Drive
Peachtree City, GA 30269
(770) 631-9488
www.bankofgeorgia.com

FDIC

The Bank of Georgia is headquartered in Peachtree City and is the 45th largest bank in the state of Georgia. It is also the 1,944th largest bank in the nation. It was established in 2000 and as of December of 2012, it had grown to 71 employees at 7 locations. The Bank of Georgia has a 1-star health rating.

The Bank of Georgia Routing Number: 061119781

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See Rates for: Checking | Savings

The Bank of Georgia Checking Account Rates

ApyMinMaxProduct
0.75%--Rewards Checking

The Bank of Georgia Savings Account Rates

ApyMinMaxProduct
0.50%--CASHBack Saver

Rates updated: 5/19/2013

Data for Q4 2012


Institution Statistics


The Bank of Georgia
FDIC Certificate #35259
BankRate ReportView
Year Established2000
Employees71
Primary RegulatorFDIC

Assets and Liabilities

Assets$337.05 million
Loans$225.68 million
Deposits$308.86 million
Equity Capital$19.67 million
Loan Loss Allowance$4.90 million
Unbacked Noncurrent Loans$2.94 million
Real Estate Owned$24.66 million

Historic Data - December 2011

Assets$359.73 million
Equity Capital$19.18 million
Loan Loss Allowance$5.00 million
Unbacked Noncurrent Loans$6.60 million
Real Estate Owned$26.65 million

Profit Margin - Quarterly

Net Interest Margin3.54%
Return on Assets0.11%
Return on Equity1.98%
Interest Income$13.67 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
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 The Bank of Georgia had $27.61 million in non-current loans and owned real-estate with $24.57 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Georgia a Texas Ratio of 112.36% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for The Bank of Georgia decreased slightly from 137.50% as of December 31, 2011 to 112.36% as of December 31, 2012, resulting in a positive change of 18.29%.This indicates that the balance sheet and financial strength for The Bank of Georgia has improved slightly in recent periods.
Deposit Growth1
In the past year, The Bank of Georgia has decreased its total deposits by -$23.36 million, resulting in -7.03% 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 The Bank of Georgia has shown is poor.
Capitalization2
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. The Bank of Georgia has $337.05 million in assets with $24.57 million in equity, resulting in a capitalization level of 7.29%, which is below average.
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Actually Pretty Nice
5 stars - verity - Wednesday, December 26, 2012 - 2:51 PM

It's a small bank with few people to help when calling in, and the online interface is cumbersome. But the transfers go fast, funds clear fast, pending charges appear instantly. So they have the backend figured out pretty well. And a 2% back for up to $25/month debit card cashback adds up over time. And it's deposited into the account after each cycle, as it should be.

1
 
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