Financial Snapshot
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About OCONEE FINANCIAL CORP
Oconee Financial Corp. operates as a bank holding company, which engages in providing commercial and consumer banking services to individuals and businesses. The company is headquartered in Watkinsville, Georgia. The company went IPO on 2014-05-23. The Bank is a community bank, which provides a full range of commercial and consumer banking services primarily in Oconee, Clarke and Gwinnett counties in Georgia. The Bank has four segments. Real Estate-Mortgage segment offers 1-4 family residential loans, Hotel loans and Other real estate mortgage loans. Real Estate-Construction segment primarily include land loans to local contractors and developers for developing the land. Commercial, Financial and Agricultural segment loans, which are made to businesses. Generally, these loans are secured by assets of the business and repayment is expected from the cash flows of the business. Consumer Loans segment includes loans, which may be either secured or unsecured and repayment is dependent on the credit quality of the individual borrower and, if applicable, sale of the collateral securing the loan, such as automobile, mobile home and other.
Industry: State Commercial Banks Peers: