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

This bank is inactive as of June 01, 2010

  • Bank of Coweta in Newnan, Georgia (GA)
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Bank of Coweta - Overview

  • General
  • FDIC Certificate #: 20827
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 810834
    Date Established: October 06, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 14388
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 06, 1972
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Jefferson Street, Newnan, GA 30263
    County: Coweta
    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: $342.2 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, 2009)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $336,462Total assets
  • $4,246Cash and due from depository institutions
  • $67Interest-bearing balances
  • $45,341Securities
  • $72,664Federal funds sold & reverse repurchase agreements
  • $191,816Net loans & leases
  • $8,153Loan loss allowance
  • $0Trading account assets
  • $2,633Bank premises and fixed assets
  • $5,896Other real estate owned
  • $0Goodwill and other intangibles
  • $2,412Life insurance assets
  • $13,866All other assets
  • $336,462Total liabilities and capital
  • $306,383Total liabilities
  • $298,371Total deposits
  • $257,629Interest-bearing deposits
  • $298,371Deposits held in domestic offices
  • 86.08%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,000Other borrowed funds
  • $0Subordinated debt
  • $2,012All other liabilities
  • $30,079Total equity capital
  • $30,079Total bank equity capital
  • $30,079Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $37,036Undivided profits
  • Memoranda
  • $-7,457Noncurrent loans and leases
  • $16,014Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $26,134Earning assets
  • $0Long-term assets (5+ years)
  • $1,307Average Assets, year-to-date
  • $309,888Average Assets, quarterly
  • $36,492Volatile liabilities
  • $361,916Insider loans
  • $342,977FHLB advances
  • $86,659Loans and leases held for sale
  • $2,864Unused loan commitments
  • $6,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,014Total unused commitments
  • $0Restructured Loans and leases
  • $2,899Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,300Total interest income
  • $5,930Total interest expense
  • $10,370Net interest income
  • $18,151Provision for loan and lease losses
  • $958Total noninterest income
  • $0Fiduciary activities
  • $2,462Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,504Additional noninterest income
  • $9,637Total noninterest expense
  • $4,385Salaries and employee benefits
  • $642Premises and equipment expense
  • $4,610Additional noninterest expense
  • -$16,460Pre-tax net operating income
  • $108Securities gains (losses)
  • -$3,126Applicable income taxes
  • -$13,226Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,226Net income attributable to bank
  • $0Net charge-offs
  • -$13,226Cash dividends
  • $17,138Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • -3.68%Net operating income to assets
  • -3.65%Return on assets (ROA)
  • -4.52%Pretax return on assets
  • -35.85%Return on equity (ROE)
  • -35.85%Retained earnings to average equity (YTD only)
  • 7.39%Net charge-offs to loans
  • 105.91%Credit loss provision to net charge-offs
  • 0.10%Efficiency ratio
  • 85,072Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.08%Loss allowance to noncurrent loans
  • 31.20%Noncurrent assets plus other real estate owned to assets
  • 9.52%Noncurrent loans to loans
  • 13.07%Net loans and leases to deposits
  • 64.29%Net loans and leases to core deposits
  • 88.11%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 12.87%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $361,916Average earning assets
  • $36,897Average equity
  • $340,852Average loans

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