Altamaha Bank and Trust Company in Vidalia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 55Total employees (full-time equivalent)
  • $147,860Total assets
  • $10,276Cash and due from depository institutions
  • $2,556Interest-bearing balances
  • $20,813Securities
  • $4,420Federal funds sold & reverse repurchase agreements
  • $106,283Net loans & leases
  • $1,790Loan loss allowance
  • $0Trading account assets
  • $2,366Bank premises and fixed assets
  • $1,898Other real estate owned
  • $0Goodwill and other intangibles
  • $147,860Life insurance assets
  • $1,804All other assets
  • $134,453Total liabilities and capital
  • $134,131Total liabilities
  • $109,451Total deposits
  • $134,131Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $322Subordinated debt
  • $13,407All other liabilities
  • $13,407Total equity capital
  • $13,407Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $6,800Surplus
  • $6,407Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,242Income earned, not collected on loans
  • $0Earning assets
  • $999Long-term assets (5+ years)
  • $134,072Average Assets, year-to-date
  • $21,741Average Assets, quarterly
  • $149,264Volatile liabilities
  • $148,765Insider loans
  • $103,918FHLB advances
  • $149,611Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,136Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,844Restructured Loans and leases
  • $1,614Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,397Total interest income
  • $1,810Total interest expense
  • $6,587Net interest income
  • $1,971Provision for loan and lease losses
  • $686Total noninterest income
  • $0Fiduciary activities
  • $855Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$169Additional noninterest income
  • $5,311Total noninterest expense
  • $2,590Salaries and employee benefits
  • $853Premises and equipment expense
  • $1,868Additional noninterest expense
  • -$9Pre-tax net operating income
  • $183Securities gains (losses)
  • $0Applicable income taxes
  • $174Income before extraordinary items
  • $0Extraordinary gains - net
  • $174Net income attributable to bank
  • $0Net charge-offs
  • $174Cash dividends
  • $1,819Sale, conversion, retirement of capital stock, net
  • $312Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.16%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 4.83%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • -0.01%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 1.30%Return on equity (ROE)
  • -1.03%Retained earnings to average equity (YTD only)
  • 1.64%Net charge-offs to loans
  • 108.36%Credit loss provision to net charge-offs
  • 1.08%Efficiency ratio
  • 73,024Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 179.31%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 144.12%Noncurrent assets plus other real estate owned to assets
  • 2.12%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 79.24%Net loans and leases to core deposits
  • 81.93%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 12.64%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $149,264Average earning assets
  • $13,409Average equity
  • $136,310Average loans

List of branches

  • 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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