Georgia Community Bank Mortgage Rates, Fees & Info

Dawson, GA

LEI: 549300FKW6LAHX0L9161

Tax ID: 58-2487046

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Mortgage Data

Bank Data

Review & Overview

Georgia Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Georgia Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Macon, Panama City, Deltona, and Brunswick among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Georgia Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

325

Origination Dollar Volume (All Markets)

$26,485,000

Employee count

76

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
ALBANY, GA (FHA|USDA|VA) 187 $15,785,000 $84,412 $0 0.00%
Outside of Metro Areas 110 $7,580,000 $68,909 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 15 $1,035,000 $69,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $105,000 $35,000 $0 0.00%
Eufaula, AL-GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Georgia Community Bank's top markets include Albany, Macon, Panama City, Deltona, and Brunswick among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 325 $26,485,000 $81,492 $0 0.00%

    For 2020, Georgia Community Bank's most frequently originated type of loan was Conventional, with 325 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 197 $14,295,000 $72,563 $0 0.00%
    Home Purchase 110 $11,580,000 $105,273 $0 0.00%
    Home Improvement 14 $480,000 $34,286 $0 0.00%
    Other 4 $130,000 $32,500 $0 0.00%

    For 2020, Georgia Community Bank's most frequently cited loan purpose was Refi, with 197 originations. The 2nd most popular reason was Home Purchase, with 110 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 325 $26,485,000 $81,492 $0 0.00%

    For 2020, Georgia Community Bank's most frequently cited loan duration was Other, with 325 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 242 $10,910,000 $45,083 $0 0.00%
    $100k-200k 56 $7,540,000 $134,643 $0 0.00%
    $200k-400k 25 $6,815,000 $272,600 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2020 saw Georgia Community Bank place emphasis on $100,000 or less loans with 242 originations, totaling $10,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 87 $4,035,000 $46,379 $0 0.00%
    $50k-75k 59 $4,425,000 $75,000 $0 0.00%
    $100k-150k 55 $4,815,000 $87,545 $0 0.00%
    $75k-100k 45 $4,535,000 $100,778 $0 0.00%
    $150k-250k 18 $3,060,000 $170,000 $0 0.00%
    $250k+ 3 $485,000 $161,667 $0 0.00%

    Georgia Community Bank lent most frequently to those with incomes in the $50k or less range, with 87 originations. The second most popular income band? $50k-75k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 325 $26,485,000 $81,492 $0 0.00%

    Georgia Community Bank lent most frequently to those with DTI ratios of Exempt%, with 325 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $18,070,000 $87,718 $0 0.00%
    Not applicable 54 $4,640,000 $85,926 $0 0.00%
    Black 60 $3,370,000 $56,167 $0 0.00%
    Asian 2 $170,000 $85,000 $0 0.00%
    American Indian 1 $165,000 $165,000 $0 0.00%
    Guamanian 1 $35,000 $35,000 $0 0.00%
    Asian Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.45%

    Georgia Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    99.69%

    Georgia Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 325 $26,485,000 $81,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $800,000 $200,000
    Multifamily:Site-Built 5 $955,000 $191,000
    Single Family (1-4 Units):Manufactured 57 $2,735,000 $47,982
    Single Family (1-4 Units):Site-Built 259 $21,995,000 $84,923

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Georgia Community Bank 113-115 West Second Street Donalsonville, GA 39845 Full Service B&M $65,200
    Georgia Community Bank 250 East Lee Street Dawson, GA 39842 Full Service B&M $111,489
    Georgia Community Bank 300 North Dugger Avenue Roberta, GA 31078 Full Service B&M $16,682
    Georgia Community Bank 3000 North Slappey Drive Albany, GA 31701 Full Service B&M $48,874
    Georgia Community Bank 344 E Lee Street Dawson, GA 39842 Limited, Drive-thru $0
    Georgia Community Bank 36 Martin Luther King Drive Reynolds, GA 31076 Full Service B&M $42,392
    Georgia Community Bank 412 Columbia Highway Blakely, GA 39823 Full Service B&M $15,039

    For 2020, Georgia Community Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,691
    Net interest income $11,673
    Total noninterest income $895
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $646
    Trading account gains and fees $0
    Additional Noninterest Income $249
    Pre-tax net operating income $3,522
    Securities gains (or losses, -) $544
    Income before extraordinary items $4,066
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,066
    Minority interest net income $0
    Net income $4,066
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,522

    Georgia Community Bank's gross interest income from loans was $14,691,000.
    Georgia Community Bank's net interest income from loans was $11,673,000.
    Georgia Community Bank's fee based income from loans was $646,000.
    Georgia Community Bank's net income from loans was $4,066,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,018
    Provision for credit losses $400
    Total noninterest expense $8,646
    Salaries and employee benefits $5,684
    Premises and equipment expense $1,090
    Additional noninterest expense $1,872
    Applicable income taxes $0
    Net charge-offs $310
    Cash dividends $2,300

    Georgia Community Bank's interest expense for loans was $3,018,000.
    Georgia Community Bank's payroll and benefits expense were $5,684,000.
    Georgia Community Bank's property, plant and equipment expenses $1,090,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 2.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $335,529
    Deposits held in domestic offices $335,529
    Deposits by Individuals, partnerships, and corporations $295,623
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,906
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $140,556
    Demand deposits $96,094
    Nontransaction accounts $194,973
    Money market deposit accounts (MMDAs) $36,669
    Other savings deposits (excluding MMDAs) $27,939
    Total time deposits $130,365
    Total time and savings deposits $239,435
    Noninterest-bearing deposits $96,891
    Interest-bearing deposits $238,638
    Retail deposits $291,075
    IRAs and Keogh plan accounts $21,987
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $382,786
    Cash & Balances due from depository institutions $93,348
    Interest-bearing balances $77,327
    Total securities $54,655
    Federal funds sold & reverse repurchase $10,311
    Net loans and leases $212,768
    Loan and leases loss allowance $2,768
    Trading account assets $0
    Bank premises and fixed assets $5,255
    Other real estate owned $635
    Goodwill and other intangibles $887
    All other assets $4,927

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $382,786
    Total Liabilities $339,597
    Total deposits $335,529
    Interest-bearing deposits $238,638
    Deposits held in domestic offices $335,529
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,068

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $212,768
    Loan and leases loss allowance $2,768
    Total loans and leases (domestic) $215,536
    All real estate loans $154,110
    Real estate loans in domestic offices $154,110
    Construction and development loans $7,781
    Residential 1-4 family construction $3,873
    Other construction, all land development and other land $3,908
    Loans secured by nonfarm nonresidential properties $36,087
    Nonfarm nonresidential secured by owner-occupied properties $13,410
    Commercial real estate & other non-farm, non-residential $22,677
    Multifamily residential real estate $797
    1-4 family residential loans $88,244
    Farmland loans $21,201
    Loans held in foreign offices $0
    Farm loans $23,131
    Commercial and industrial loans $27,749
    To non-U.S. addressees $0
    Loans to individuals $10,454
    Credit card loans $0
    Related Plans $85
    Consumer Auto Loans $2,942
    Other loans to individuals $7,427
    All other loans & leases $92
    Loans to foreign governments and official institutions $0
    Other loans $34
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,293
    Non 1-4 family restructured loans & leases $1,078
    Total loans and leases (foreign) $0

    Georgia Community Bank had $212,768,000 of loans outstanding in 2020. $154,110,000 of loans were in real estate loans. $7,781,000 of loans were in development loans. $797,000 of loans were in multifamily mortgage loans. $88,244,000 of loans were in 1-4 family mortgage loans. $23,131,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,942,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 208 $26,683 $128,284
    Nonfarm, nonresidential loans - <$100k 110 $4,234 $38,491
    Nonfarm, nonresidential loans - $100-250k 56 $6,798 $121,393
    Nonfarm, nonresidential loans - $250k-1MM 42 $15,651 $372,643
    Commercial & Industrial, US addressed loans - <$1MM 571 $24,781 $43,399
    Commercial & Industrial, US addressed loans - <$100k 484 $9,927 $20,510
    Commercial & Industrial, US addressed loans - $100-250k 66 $7,851 $118,955
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $7,003 $333,476
    Farmland loans - <$1MM 71 $6,374 $89,775
    Farmland loans - <$100k 44 $1,440 $32,727
    Farmland loans - $100-250k 14 $1,528 $109,143
    Farmland loans - $250k-1MM 13 $3,406 $262,000
    Agriculture operations loans - <$1MM 56 $5,261 $93,946
    Agriculture operations loans - <$100k 28 $679 $24,250
    Agriculture operations loans - $100-250k 16 $2,189 $136,813
    Agriculture operations loans - $250k-1MM 12 $2,393 $199,417