The Bank of Georgia

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

The Bank of Georgia is headquartered in Peachtree City and is the 35th largest bank in the state of Georgia. It is also the 1,664th largest bank in the nation. It was established in 2000 and as of September of 2011, it had grown to 76 employees at 9 locations. The Bank of Georgia's savings rates are 44% higher than the national average, but it has a 2-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
0.88%--Rewards Checking

The Bank of Georgia Savings Account Rates

ApyMinMaxProduct
0.75%--CASHBack Saver

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


The Bank of Georgia
FDIC Certificate #35259
BankRate ReportView
Year Established2000
Employees76
Primary RegulatorFDIC

Assets and Liabilities

Assets$394.47 million
Loans$235.42 million
Deposits$363.97 million
Equity Capital$22.04 million
Loan Loss Allowance$6.14 million
Unbacked Noncurrent Loans$10.42 million
Real Estate Owned$23.56 million

Historic Data - September 2010

Assets$384.60 million
Equity Capital$23.04 million
Loan Loss Allowance$7.45 million
Unbacked Noncurrent Loans$11.86 million
Real Estate Owned$17.51 million

Profit Margin - Quarterly

Net Interest Margin3.03%
Return on Assets-0.29%
Return on Equity-4.82%
Interest Income$11.10 million

Institution Health


Overall Score:
2 out of 5
2
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 September 30, 2011 The Bank of Georgia had $33.97 million in non-current loans and owned real-estate with $28.18 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Georgia a Texas Ratio of 120.57% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for The Bank of Georgia increased slightly from 96.34% as of September 30, 2010 to 120.57% as of September 30, 2011, resulting in a negative change of 25.16%. This indicates that the balance sheet and financial strength for The Bank of Georgia has declined slightly in recent periods.
Deposit Growth5
In the past year, The Bank of Georgia has increased its total deposits by $21.62 million, resulting in 6.31% 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 The Bank of Georgia has shown is excellent.
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 $394.47 million in assets with $28.18 million in equity, resulting in a capitalization level of 7.14%, which is below average.
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