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

This bank is inactive as of November 30, 1998

  • Bank of Georgia in Watkinsville, Georgia (GA)
  • Show street view No street view available for this location

Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 26324
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: AFB&T (#28225)
    Federal Reserve ID: 25133
    Date Established: August 12, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 14556
    FDIC's unique #: 32828
    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: August 12, 1985
    Last Structure Change Effective Date: November 30, 1998
    Last Structure Change Process Date: Febuary 09, 1999
    Last Data Update: Febuary 09, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 2100 Experiment Station Road, Watkinsville, GA 30677
    County: Oconee
    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): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • Financial Summary
  • Total assets: $53.6 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
  • 16Total employees (full-time equivalent)
  • $51,715Total assets
  • $1,931Cash and due from depository institutions
  • $99Interest-bearing balances
  • $14,099Securities
  • $970Federal funds sold & reverse repurchase agreements
  • $32,030Net loans & leases
  • $312Loan loss allowance
  • $0Trading account assets
  • $647Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,038All other assets
  • $51,715Total liabilities and capital
  • $46,420Total liabilities
  • $45,425Total deposits
  • $41,142Interest-bearing deposits
  • $45,425Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $995All other liabilities
  • $5,295Total equity capital
  • $5,295Total bank equity capital
  • $5,295Perpetual preferred stock
  • $0Common stock
  • $663Surplus
  • $462Undivided profits
  • Memoranda
  • $4,170Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $48Earning assets
  • $0Long-term assets (5+ years)
  • $508Average Assets, year-to-date
  • $47,198Average Assets, quarterly
  • $9,458Volatile liabilities
  • $50,600Insider loans
  • $51,773FHLB advances
  • $9,812Loans and leases held for sale
  • $1,287Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,327Total unused commitments
  • $0Restructured Loans and leases
  • $34,159Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,234Total interest income
  • $2,015Total interest expense
  • $2,219Net interest income
  • $5Provision for loan and lease losses
  • $422Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $236Additional noninterest income
  • $1,396Total noninterest expense
  • $709Salaries and employee benefits
  • $131Premises and equipment expense
  • $556Additional noninterest expense
  • $1,240Pre-tax net operating income
  • -$6Securities gains (losses)
  • $433Applicable income taxes
  • $801Income before extraordinary items
  • $0Extraordinary gains - net
  • $801Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $265Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.26%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 2.44%Pretax return on assets
  • 15.97%Return on equity (ROE)
  • 10.68%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -250.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,859Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.08%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 650.00%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 70.51%Net loans and leases to core deposits
  • 89.94%Equity capital to assets
  • 10.24%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 15.61%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $50,600Average earning assets
  • $5,017Average equity
  • $45,737Average loans

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