Wheeler County State Bank

Wheeler County State Bank is headquartered in Alamo and is the 172^nd largest bank in the state of Georgia. It is also the 4,977^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 26 employees at 4 locations. Wheeler County State Bank has a 4-star health rating.

Wheeler County State Bank Routing Number: 061212170

Data for Q1 2012

Institution Statistics Wheeler County State Bank FDIC Certificate # 16228 BankRate Report View Year Established 1934 Employees 26 Primary Regulator FDIC Assets and Liabilities Assets $98.79 million Loans $63.05 million Deposits $86.08 million Equity Capital $12.28 million Loan Loss Allowance $2.14 million Unbacked Noncurrent Loans $1.33 million Real Estate Owned $66,000 Historic Data - March 2011 Assets $109.93 million Equity Capital $11.36 million Loan Loss Allowance $2.54 million Unbacked Noncurrent Loans $2.79 million Real Estate Owned $222,000 Profit Margin - Quarterly Net Interest Margin 4.99% Return on Assets 1.06% Return on Equity 8.53% Interest Income $1.18 million

Institution Health Overall Score: 4 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 Wheeler County State Bank had $1.4 million in non-current loans and owned real-estate with $14.42 million in equity and loan loss allowances on hand to cover it. This gives Wheeler County State Bank a Texas Ratio of 9.70% 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 Wheeler County State Bank decreased significantly from 21.64% as of March 31, 2011 to 9.70% as of March 31, 2012, resulting in a positive change of 55.17%.This indicates that the balance sheet and financial strength for Wheeler County State Bank has improved significantly in recent periods. Deposit Growth In the past year, Wheeler County State Bank has decreased its total deposits by -$11.91 million, resulting in -12.15% 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 Wheeler County State Bank 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. Wheeler County State Bank has $98.79 million in assets with $14.42 million in equity, resulting in a capitalization level of 14.60%, which is excellent.

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