Vitals
  • Total Assets
    458.8M 3.6 %
  • Total Deposits
    409.8M 3.5 %
  • Total Net Loans
    205.2M 5.3 %
  • Net Income
    5.0M 12.1 %
  • Book Value
    43.5M 4.8 %
  • Book Value x2
    86.9M 4.8 %
  • Book Value x3
    130.4M 4.8 %
ROAA

1.098

ROAE

11.505

Efficiency Ratio

66.852

Net Interest Margin

3.012

Balance Sheet Highlights
Financial Highlights Northeast Georgia Bank All Insured Commercial Banks in Georgia
Balance Sheet $(000)
Total Assets 458,846 256,123
Total Net Loans 205,168 160,108
Total Deposits 409,787 221,413
Total Equity 43,460 27,434
Profitability
Net Income 4,982 2,812
Return on Average Assets 1.098 .99
Return on Average Equity 11.505 8.811
Net Interest Margin 3.012 4.031
Efficiency Ratio 66.852 72.067
Noninterest Income/Revenue 18.583 19.316
Balance Sheet Ratios
Loan-to-Deposit 50.067 70.662
Securities/Assets .213 .165
Total Equity/Total Assets .095 .107
Tangible Equity/Tangible Assets .094 .105
Capital Adequacy
Tier 1 Common Capital 48,203 26,376
Tier 1 Capital 48,203 26,452
Tier 2 Capital 3,234 1,919
Total Capital 51,437 28,453
Total Risk Weighted Assets 258,431 174,280
Leverage Ratio 10.59 10.62
Common Equity Tier 1 Capital Ratio 18.65 16.191
Tier 1 Capital Ratio 18.65 16.286
Total Capital Ratio 19.9 17.433

Timeline for Northeast Georgia Bank

Freedom Bank Of Georgia

Acquisition: Northeast Georgia Bank acquired a new subsidiary, Freedom Bank Of Georgia, 15 years

View Profile Mar 07 2009

Bank Of Hartwell

Acquisition: Northeast Georgia Bank acquired a new subsidiary, Bank Of Hartwell, 24 years

View Profile Apr 01 2000

Braselton Banking Company

Acquisition: Northeast Georgia Bank acquired a new subsidiary, Braselton Banking Company, 28 years

View Profile Jul 10 1995

First Security Bankshares, Inc.

First Security Bankshares, Inc. became a new parent organization for Northeast Georgia Bank.

View Profile Dec 31 1983

Northeast Georgia Bank

Northeast Georgia Bank was established 90 years ago and is currently headquartered in Lavonia, GA.

Jan 01 1934
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Freedom Bank Of Georgia Seller 172,454 Failure 3/7/2009
Bank Of Hartwell Seller 84,724 Pooling of Interests Discontinued 4/1/2000
Braselton Banking Company Seller 8,328 Pooling of Interests Discontinued 7/10/1995
Relationships Role Relationship Start Relationship End
First Security Bankshares, Inc. Parent 12/31/1983
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