FDIC Certificate #: 33365 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Community Bank of Southwest Georgia (#29334) Federal Reserve ID: 261735 Date Established: April 01, 1991 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 9997 FDIC's unique #: 46944 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: April 01, 1991 Last Structure Change Effective Date: August 31, 1998 Last Structure Change Process Date: October 29, 1998 Last Data Update: October 29, 1998 Data Source Date: April 05, 2012
Location
Address: 226 South Broad Street, Bainbridge, GA 31717 County: Decatur Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Bainbridge, GA (#12460) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $79.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$76,904Total assets
$4,205Cash and due from depository institutions
$200Interest-bearing balances
$19,676Securities
$2,848Federal funds sold & reverse repurchase agreements
$46,495Net loans & leases
$671Loan loss allowance
$0Trading account assets
$1,720Bank premises and fixed assets
$0Other real estate owned
$912Goodwill and other intangibles
$0Life insurance assets
$1,048All other assets
$76,904Total liabilities and capital
$66,242Total liabilities
$64,862Total deposits
$53,025Interest-bearing deposits
$64,862Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$380All other liabilities
$10,662Total equity capital
$10,662Total bank equity capital
$10,662Perpetual preferred stock
$0Common stock
$3,750Surplus
$3,750Undivided profits
Memoranda
$3,162Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$113Earning assets
$54Long-term assets (5+ years)
$643Average Assets, year-to-date
$69,219Average Assets, quarterly
$7,829Volatile liabilities
$76,053Insider loans
$76,632FHLB advances
$8,153Loans and leases held for sale
$3,083Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,320Total unused commitments
$0Restructured Loans and leases
$49,989Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,017Total interest income
$2,478Total interest expense
$3,539Net interest income
$144Provision for loan and lease losses
$658Total noninterest income
$0Fiduciary activities
$511Service charges on deposit accounts
$0Trading account gains & fees
$147Additional noninterest income
$2,031Total noninterest expense
$957Salaries and employee benefits
$368Premises and equipment expense
$706Additional noninterest expense
$2,022Pre-tax net operating income
-$2Securities gains (losses)
$720Applicable income taxes
$1,300Income before extraordinary items
$0Extraordinary gains - net
$1,300Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$87Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.76%Yield on earning assets
3.61%Cost of funding earning assets
5.15%Net interest margin
0.96%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
1.71%Net operating income to assets
1.71%Return on assets (ROA)
2.66%Pretax return on assets
12.95%Return on equity (ROE)
9.96%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
165.52%Credit loss provision to net charge-offs
24.90%Efficiency ratio
42,459Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.08%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
593.81%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.24%Net loans and leases to deposits
71.68%Net loans and leases to core deposits
81.99%Equity capital to assets
13.86%Core capital (leverage) ratio
12.97%Tier 1 risk-based capital ratio
19.52%Total risk-based capital ratio
Memoranda
$21Average assets
$76,053Average earning assets
$10,039Average equity
$68,709Average loans
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