Profile: SouthCrest Financial Group Inc (SCSG.PK)
SouthCrest Financial Group, Inc., incorporated on August 15, 1996, is a bank holding company for SouthCrest Bank, N.A. (the Bank). The Bank is a retail bank operation, which offers consumer and commercial loans, checking, savings, credit cards, debit cards, online banking and bill pay services. The Company operates over 12 branches and approximately three loan offices throughout Georgia and Alabama. The Bank offers personal and business banking services, including checking accounts, savings accounts, personal consumer loans, credit cards, business checking accounts and others. The Bank also offers various services and tools for business, including remote deposit capture, positive pay, automated clearing house (ACH), online wires, merchant services, cash management, business payroll and record checks.
The Bank offers commercial, real estate and consumer loans. It offers various types of real estate loan products. It also offers loans for real estate construction and land development. It offers one- to four-family first mortgage loans and commercial real estate mortgage loans. Its commercial real estate mortgage loans include owner-occupied commercial real estate loans, owner-occupied construction loans for commercial businesses, and loans secured by income producing properties. Other real estate mortgage loans include real estate loans secured by farmland, second liens, or open end real estate loans, such as home equity lines. The commercial loan portfolio segment includes commercial, financial and agricultural loans. The consumer and other loan portfolio segment includes direct consumer installment loans, overdrafts and other revolving credit loans, educational loans and municipal loans. Its total net loans are approximately $293 million.
The Bank's investment activities are classified as securities available for sale and securities held to maturity. Its securities available for sale include the United States government-sponsored enterprises (GSEs), state and municipal securities, mortgage-backed, GSE residential, corporate bonds and equity securities. Its securities held to maturity include the United States GSEs and corporate bonds. Its total securities available for sale are approximately $167.1 million. Its total securities held to maturity are approximately $5.92 million.
Sources of Funds
The Bank offers deposit products, including noninterest-bearing and interest-bearing deposits, interest checking, money market, savings and certificates of deposit. The Bank's deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Its total deposits are approximately $511.1 million.
SouthCrest Financial Group Inc
108 S Church St
THOMASTON GA 30286-4104