Oconee State Bank
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Data as of · sourced from FFIEC call reports. How we update
Oconee State Bank is an FDIC-insured commercial bank headquartered in Watkinsville, GA, established in 1960 (FDIC certificate 18143), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $744.1M, up 11.0% from Q2 2025, the 21st largest of 121 banks headquartered in Georgia. Its CET1 capital ratio was 12.88% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18143
- Headquarters
- Watkinsville, GA
- Established
- 1960
- Total assets, Q2 2026
- $744.1M
- Assets vs Q2 2025
- +11.0%
- CET1 ratio, Q2 2026
- 12.88%
- Domestic offices
- 7 FDIC institution directory, current count
- Routing number
- 061113282
- Holding company
- OCONEE FINANCIAL CORPORATION
- Asset rank in state
- 21st of 121 in Georgia
Problem loans are rising at Oconee State Bank. It reported $744 million in assets at June 30, 2026, up 11.0% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.74% of loans from 1.12% a year earlier. It carries problem assets equal to 20.0% of the capital and reserves that would absorb them, 7.6 times the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 16.2% over the year, about triple the median of 5.5% for banks its size.
Net income for the quarter slipped 14% from a year earlier, to $1.7 million. Over the same year, loans grew 16.2% and deposits grew 11.7%. Concentration is the risk to watch: it holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Oconee State Bank reported a CET1 capital ratio of 12.88%, a return on assets of 0.93%, a nonperforming-loan ratio of 2.83% and a Texas ratio of 20.05%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Oconee State Bank is the 21st largest of the 121 banks headquartered in Georgia. From Q1 2026 to Q2 2026, its total assets rose 3.0% to $744.1M, loans rose 7.9% and deposits rose 2.9%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 34.0% of total loans, ahead of non-owner-occupied commercial real estate loans at 24.5%. Its 6 offices in the FDIC Summary of Deposits are in 6 cities in GA; its Watkinsville office books 55% of its branch deposits. By the capital ratios in its Q2 2026 call report, Oconee State Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 35 N Main St, Watkinsville, GA 30677
- County
- Oconee
- Metro Area
- Athens-Clarke County, GA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- February 1, 1960
- Domestic offices
- 7 FDIC institution directory, current count
- Employees (FTE)
- 111
- Domestic deposits
- $658.3M
- Allowance for credit losses
- $7.3M
- Net charge-offs (YTD)
- $61K
- Average total assets
- $726.3M
- Average total loans
- $526.1M
- Average interest-bearing deposits
- $501.8M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- February 1, 1960
- FDIC Cert
- 18143
- Fed RSSD
- 573036
- SEC CIK
- 1076691 → filed by OCONEE FINANCIAL CORPORATION
- Website
- www.oconeestatebank.com →
- Parent Holding Company
- OCONEE FINANCIAL CORPORATION (RSSD 2729499) · OSBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Harden B Amrey | CEO | President and CEO |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Oconee State Bank's total assets ranged from $579.3M (Q3 2023) to $744.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$744.1M total assets against $670.2M; $675.3M total liabilities against $614.3M.
$537.3M net loans and leases against $462.4M; $658.3M total deposits against $589.4M.
$140.3M securities against $148.4M; $31.1M cash and balances due against $23.5M.
$10.1M total interest income against $9.3M; $2.6M total interest expense against $2.5M.
$7.5M net interest income against $6.8M.
$1.7M total noninterest income against $2.2M; $6.5M total noninterest expense against $5.9M.
$571K provision for credit losses against $649K.
$1.7M net income against $2.0M.
0.93% return on assets against 1.17%; 4.33% net interest margin against 4.30%.
12.88% CET1 capital ratio against 12.15%; 9.98% tier 1 leverage ratio against 9.24%.
Inside the full Oconee State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Oconee State Bank rankings
Its closest position to the top of a national ranking is 171 of 3,640, for Texas Ratio; its furthest is 2,759 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.71% (Q1 2025) to 1.17% (Q2 2025) and its net interest margin ran from 3.99% (Q4 2024) to 4.37% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.88% | 0.93% | 2.83% | 20.05% | 4.33% |
| Q1 2026 | 13.39% | 0.72% | 1.69% | 8.76% | 4.05% |
| Q4 2025 | 13.50% | 0.81% | 1.29% | 8.00% | 4.15% |
| Q3 2025 | 13.43% | 1.17% | 1.23% | 8.31% | 4.37% |
| Q2 2025 | 12.15% | 1.17% | 1.15% | 8.70% | 4.30% |
| Q1 2025 | 12.57% | 0.71% | 1.25% | 9.11% | 4.07% |
| Q4 2024 | 13.02% | 0.78% | 1.22% | 8.89% | 3.99% |
| Q3 2024 | 13.32% | 0.93% | 1.30% | 9.08% | 4.14% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Oconee State Bank (main office) | Watkinsville , GA | 30677 | $364.5M |
| Bogart Branch | Bogart , GA | 30622 | $94.9M |
| Gwinnett Financial Center Branch | Duluth , GA | 30097 | $77.0M |
| Macon Financial Center Branch | Macon , GA | 31201 | $50.9M |
| Athens Financial Center Branch | Athens , GA | 30601 | $47.1M |
| Elberton Branch | Elberton , GA | 30635 | $23.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 1, 2023 | Structure Change | Acquired Elberton Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 31, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in GA, rank 37 of 177 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 368 applications, 278 loans originated, $84.9M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 21 loans, $27.0M approved, $1.3M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Oconee State Bank
What are Oconee State Bank's total assets?
As of the Q2 2026 filing, Oconee State Bank reported total assets of $744.1 million in its FFIEC call report.
Where is Oconee State Bank headquartered?
It is headquartered in Watkinsville, GA, United States.
When was Oconee State Bank founded?
It was established in 1960, per the FDIC institution directory.
Is Oconee State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18143). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Oconee State Bank?
Oconee State Bank's primary federal regulator is the FDIC.
What is Oconee State Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.88% in its Q2 2026 call report, above regulatory requirements.
How many branches does Oconee State Bank operate?
It operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Oconee State Bank's Texas Ratio?
Its Texas Ratio is 20.05% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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