The Bank of Edison, Financial Information

AboutThe Bank of Edison

 Address:
476 Turner Street
Edison,GA
Calhoun County,Georgia
 Established:
Oct 1904
 Number of domestic offices:
1
Agriculture bank
Total assets$59M
Net income$0M
Net income,quarterly$0M
Total deposits$54M
Domestic deposits$54M
Equity capital$5M
ROA0.21%
ROAQ,quarterly-1.68%
ROA,pretax-1.68%
ROAQ,quarterly,pretax-1.68%
ROE2.45%
ROEQ,quarterly-19.72%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Having opened its doors in 1904, the Bank of Edison has weathered many financial storms and has faithfully provided for the financial needs of the people of Edison and Calhoun County for well over 100 years. Still locally owned and operated, the bank offers a full array of financial services and products.

The Bank of Edison was founded in October of 1904 with total assets of $34,000, just 18 years after the township of Edison was chartered. As it is now, Edison was primarily an agricultural community at the time, and the bank quickly established itself as a personal and friendly business that catered to the financial needs of local farmers.

The bank now has an asset size of just over $40 million and continues to provide for the needs of the people of Edison and the surrounding area. Despite many economic downturns, including the Great Depression itself, the bank has thrived over the years, thanks to strong leadership and sound banking practices. Those same qualities are evident today, as the Bank of Edison continues to be a safe harbor for deposits, as well as a profitable business, despite the most recent turmoil in the banking industry.