Bank of Canton in Canton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 11, 2000

  • Bank of Canton in Canton, Georgia (GA)
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Bank of Canton - Overview

  • General
  • FDIC Certificate #: 871
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank, National Association (#817)
    Federal Reserve ID: 131333
    Date Established: January 01, 1892
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 12017
    FDIC's unique #: 554
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 11, 2000
    Last Structure Change Process Date: May 30, 2000
    Last Data Update: May 30, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 East Main Street, Canton, GA 30114
    County: Cherokee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $500.4 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 170Total employees (full-time equivalent)
  • $412,094Total assets
  • $19,077Cash and due from depository institutions
  • $89Interest-bearing balances
  • $95,852Securities
  • $1,636Federal funds sold & reverse repurchase agreements
  • $276,531Net loans & leases
  • $3,500Loan loss allowance
  • $0Trading account assets
  • $7,196Bank premises and fixed assets
  • $127Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $11,675All other assets
  • $412,094Total liabilities and capital
  • $373,629Total liabilities
  • $360,099Total deposits
  • $335,956Interest-bearing deposits
  • $360,099Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $3,530All other liabilities
  • $38,465Total equity capital
  • $38,465Total bank equity capital
  • $38,465Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $17,000Undivided profits
  • Memoranda
  • $18,465Noncurrent loans and leases
  • $49,814Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,230Earning assets
  • $0Long-term assets (5+ years)
  • $3,314Average Assets, year-to-date
  • $374,108Average Assets, quarterly
  • $54,936Volatile liabilities
  • $385,655Insider loans
  • $406,027FHLB advances
  • $48,947Loans and leases held for sale
  • $924Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $49,814Total unused commitments
  • $0Restructured Loans and leases
  • $3,500Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $31,572Total interest income
  • $12,674Total interest expense
  • $18,898Net interest income
  • $827Provision for loan and lease losses
  • $3,177Total noninterest income
  • $0Fiduciary activities
  • $1,964Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,213Additional noninterest income
  • $10,859Total noninterest expense
  • $7,102Salaries and employee benefits
  • $1,452Premises and equipment expense
  • $2,305Additional noninterest expense
  • $10,389Pre-tax net operating income
  • -$38Securities gains (losses)
  • $3,436Applicable income taxes
  • $6,915Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,915Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $327Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.01%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 5.39%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 2.68%Pretax return on assets
  • 18.46%Return on equity (ROE)
  • 10.45%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 252.91%Credit loss provision to net charge-offs
  • 34.30%Efficiency ratio
  • 49,191Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.38%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 82.74%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 76.79%Net loans and leases to core deposits
  • 86.11%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 9.72%Tier 1 risk-based capital ratio
  • 13.48%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $385,655Average earning assets
  • $37,466Average equity
  • $350,589Average loans

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