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

Bank of Eastman - Overview

  • General
  • FDIC Certificate #: 877
    Status: Active
    Federal Reserve ID: 204237
    Bank Holding Company (Regulatory Top Holder): Magnolia Bankshares, Inc. (RSSDID: 2453936, Location: Eastman, GA)
    Date Established: January 02, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14607
    FDIC's unique #: 559
    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: January 01, 1934
    Last Structure Change Effective Date: Febuary 04, 2009
    Last Structure Change Process Date: Febuary 04, 2009
    Last Data Update: Febuary 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 Oak Street, Eastman, GA 31023
    County: Dodge
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $220.9 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $197.3 mil
    Return on assets (ROA): -3.62% (-$8.0 mil)
    Quarterly return on assets: -3.63% (-$8.0 mil)
    Return on Equity (ROE): -58.25% (-$5.8 mil)
    Quarterly return on equity: -71.96% (-$7.2 mil)
    Net income: -$9.0 mil
    Quarterly Net income: -$2.1 mil
    Pretax return on assets: -3.62% (-$7,995.9 mil)
    Quarterly Pretax return on assets: -3.63% (-$8,018.0 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
  • 74Total employees (full-time equivalent)
  • $220,882Total assets
  • $30,717Cash and due from depository institutions
  • $28,028Interest-bearing balances
  • $15,309Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $158,669Net loans & leases
  • $9,010Loan loss allowance
  • $0Trading account assets
  • $922Bank premises and fixed assets
  • $11,741Other real estate owned
  • $282Goodwill and other intangibles
  • $220,882Life insurance assets
  • $3,242All other assets
  • $210,642Total liabilities and capital
  • $197,259Total liabilities
  • $168,878Total deposits
  • $197,259Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $383Subordinated debt
  • $10,240All other liabilities
  • $10,240Total equity capital
  • $10,240Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $13,616Surplus
  • $-3,876Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,098Income earned, not collected on loans
  • $0Earning assets
  • $1,191Long-term assets (5+ years)
  • $202,006Average Assets, year-to-date
  • $28,318Average Assets, quarterly
  • $247,734Volatile liabilities
  • $228,450Insider loans
  • $151,090FHLB advances
  • $228,192Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,139Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,988Restructured Loans and leases
  • $1,852Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,548Total interest income
  • $3,909Total interest expense
  • $8,639Net interest income
  • $10,510Provision for loan and lease losses
  • -$420Total noninterest income
  • $0Fiduciary activities
  • $1,117Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,537Additional noninterest income
  • $7,500Total noninterest expense
  • $2,377Salaries and employee benefits
  • $821Premises and equipment expense
  • $4,302Additional noninterest expense
  • -$9,791Pre-tax net operating income
  • $827Securities gains (losses)
  • $0Applicable income taxes
  • -$8,964Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,964Net income attributable to bank
  • $0Net charge-offs
  • -$8,964Cash dividends
  • $6,606Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 3.78%Net interest margin
  • -0.18%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • -3.95%Net operating income to assets
  • -3.62%Return on assets (ROA)
  • -3.62%Pretax return on assets
  • -58.25%Return on equity (ROE)
  • -58.25%Retained earnings to average equity (YTD only)
  • 3.56%Net charge-offs to loans
  • 159.10%Credit loss provision to net charge-offs
  • 0.11%Efficiency ratio
  • 90,948Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.37%Loss allowance to noncurrent loans
  • 42.71%Noncurrent assets plus other real estate owned to assets
  • 14.87%Noncurrent loans to loans
  • 12.58%Net loans and leases to deposits
  • 80.44%Net loans and leases to core deposits
  • 88.67%Equity capital to assets
  • 4.64%Core capital (leverage) ratio
  • 4.44%Tier 1 risk-based capital ratio
  • 6.71%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $247,734Average earning assets
  • $15,389Average equity
  • $228,813Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0559Bank Of Eastman130 Oak Street, Eastman, GA 31023January 02, 1919Full Service Brick and Mortar
    2186488Magnolia State Bank -grayU.S. Highway 129, Gray, GA 31032December 19, 1997Full Service Brick and Mortar
    32851172451 North Columbia Street Branch2451 North Columbia Street, Milledgeville, GA 31061September 29, 1965Full Service Brick and Mortar
    4423491Magnolia State Branch100 East Greene Street, Milledgeville, GA 31061November 20, 2003Full Service Brick and Mortar

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