Altamaha Bank and Trust Company in Vidalia, Georgia (GA)

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Altamaha Bank and Trust Company
GeneralFDIC Certificate #: 19590
Status: Active
Federal Reserve ID: 199436
Bank Holding Company (Regulatory Top Holder): Altamaha Bancshares, Inc. (RSSDID: 1081510, Location: Vidalia, GA)
Date Established: May 16, 1966
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 13389
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 19, 1966
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 206 Jackson Street, Vidalia, GA 30475
County: Toombs
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Savannah
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Vidalia, GA (#47080)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $147.9 mil
Equity capital: $13.4 mil
Deposits held in domestic offices: $134.1 mil
Return on assets (ROA): 0.12% ($0.2 mil)
Quarterly return on assets: 0.04% ($0.1 mil)
Return on Equity (ROE): 1.30% ($0.2 mil)
Quarterly return on equity: 0.42% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.12% ($177.4 mil)
Quarterly Pretax return on assets: 0.04% ($59.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)55
Total assets$147,860
Cash and due from depository institutions$10,276
Interest-bearing balances$2,556
Federal funds sold & reverse repurchase agreements$4,420
Net loans & leases$106,283
Loan loss allowance $1,790
Trading account assets$0
Bank premises and fixed assets$2,366
Other real estate owned$1,898
Goodwill and other intangibles$0
All other assets$1,804
Life insurance assets$147,860
Total liabilities and capital$134,453
Total liabilities$134,131
Total deposits$109,451
Interest-bearing deposits$134,131
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $322
All other liabilities $13,407
Total equity capital$13,407
Total bank equity capital$13,407
Perpetual preferred stock$0
Common stock$200
Undivided profits $6,407
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,242
Earning assets $0
Long-term assets (5+ years) $999
Average Assets, year-to-date $134,072
Average Assets, quarterly $21,741
Volatile liabilities $149,264
Insider loans $148,765
FHLB advances $103,918
Loans and leases held for sale $149,611
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,136
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,844
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,397
Total interest expense $1,810
Net interest income $6,587
Provision for loan and lease losses $1,971
Total noninterest income $686
Fiduciary activities $0
Service charges on deposit accounts $855
Trading account gains & fees $0
Additional noninterest income -$169
Total noninterest expense $5,311
Salaries and employee benefits $2,590
Premises and equipment expense $853
Additional noninterest expense $1,868
Pre-tax net operating income -$9
Securities gains (losses) $183
Applicable income taxes $0
Income before extraordinary items $174
Extraordinary gains - net $0
Net income attributable to bank $174
Net charge-offs $0
Cash dividends $174
Sale, conversion, retirement of capital stock, net $1,819
Net operating income $312
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.16%
Cost of funding earning assets 1.33%
Net interest margin 4.83%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 3.90%
Net operating income to assets -0.01%
Return on assets (ROA) 0.12%
Pretax return on assets 0.12%
Return on equity (ROE) 1.30%
Retained earnings to average equity (YTD only) -1.03%
Net charge-offs to loans 1.64%
Credit loss provision to net charge-offs 108.36%
Efficiency ratio1.08%
Assets per employee$73,024
Cash dividends to net income (YTD only)2.69%
Condition Ratios (%)
Loss allowance to loans 179.31%
Loss allowance to noncurrent loans 1.66%
Noncurrent assets plus other real estate owned to assets 144.12%
Noncurrent loans to loans 2.12%
Net loans and leases to deposits1.15%
Net loans and leases to core deposits 79.24%
Equity capital to assets 81.93%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 8.78%
Total risk-based capital ratio 12.64%
Average assets$14
Average earning assets$149,264
Average equity $13,409
Average loans $136,310
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5 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013389Altamaha Bank And Trust Company206 Jackson Street, Vidalia, GA 30475May 16, 1966Full Service Brick and Mortar
1248934Vidalia Branch1726 Mt. Vernon Road, Vidalia, GA 30474September 12, 1977Full Service Brick and Mortar
2248935Hazlehurst Branch57 North Tallahassee St, Hazlehurst, GA 31539July 28, 1997Full Service Brick and Mortar
3358810First Street Branch1109 East First Street, Vidalia, GA 30474October 23, 2000Limited Service Retail
4419416Uvalda Branch203 W Main Street, Uvalda, GA 30473March 12, 2003Full Service Brick and Mortar
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