South Georgia Banking Company

Overview / Commentary

www.sgbconline.com

229-528-4211

5515 Alabama Avenue
Omega, GA 31775

South Georgia Banking Company is headquartered in OMEGA and is the 31^st largest bank in the state of Georgia. It is also the 1,638^th largest bank in the nation. It was established in 1937 and as of June of 2024, it had grown to 125 employees at 8 locations. South Georgia Banking Company's CD rates are 40% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #	20198
Year Established	1937
Employees	125
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.68%
Return on Equity - YTD	14.5%
Annual Interest Income	$14.2MM

Assets and Liabilities
Assets	Q2 2024vs Q2 2023	$557.2MM$598.8MM
Loans	Q2 2024vs Q2 2023	$331.6MM$334.9MM
Deposits	Q2 2024vs Q2 2023	$485.2MM$531.4MM
Equity Capital	Q2 2024vs Q2 2023	$69.1MM$64.9MM
Loan Loss Allowance	Q2 2024vs Q2 2023	$4.8MM$4.5MM
Unbacked Noncurrent Loans	Q2 2024vs Q2 2023	$3.3MM$328K
Real Estate Owned	Q2 2024vs Q2 2023	$0$0

Rates

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Savings
Money Market
Checking
CD

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Always verify rates and promotions with the bank or credit union. We are not South Georgia Banking Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

South Georgia Banking Company Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$50	-	Savings

South Georgia Banking Company Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$10k^*	-	Money Market
OTHER TIERS: 0.05% → $2.5k - $10k

South Georgia Banking Company Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$1k	-	Now Account
0.05%	$0	-	Senior Checking + Interest

South Georgia Banking Company CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.52%	$1k	-	3 Year CD
2.47%	$1k	-	30 Month CD
2.32%	$1k	-	2 Year CD
1.51%	$1k	-	18 Month CD
1.26%	$1k	-	1 Year CD
0.75%	$1k	-	182 Day CD
0.50%	$1k	-	91 Day CD

Locations

South Georgia Banking Company Locations
Tift Avenue Branch	2005 Tift Avenue N	Tifton, GA 31794
Moultrie Branch	410 Lane Street	Moultrie, GA 31768
South Georgia Banking Company	5515 Alabama Ave	Omega, GA 31775
Ashburn Main Branch	561 East Washington Avenue	Ashburn, GA 31714
Cordele Branch	702 S. Pecan Street	Cordele, GA 31015
West Second Branch	725 West 2nd Street	Tifton, GA 31794
Vienna Branch	210 S. 3rd Street	Vienna, GA 31092
Sylvester Branch	620a E. Franklin Street	Sylvester, GA 31791

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