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

This bank is inactive as of January 01, 1999

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

Bank of Milan - Overview

  • General
  • FDIC Certificate #: 157
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FLAG Bank (#186)
    Federal Reserve ID: 612234
    Date Established: December 01, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 123
    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: January 01, 1999
    Last Structure Change Process Date: April 30, 1999
    Last Data Update: April 30, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Mount Zion Street, Milan, GA 31060
    County: Telfair
    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
  • Financial Summary
  • Total assets: $41.4 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, 1998)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $41,439Total assets
  • $1,181Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,353Securities
  • $3,240Federal funds sold & reverse repurchase agreements
  • $31,258Net loans & leases
  • $512Loan loss allowance
  • $0Trading account assets
  • $514Bank premises and fixed assets
  • $194Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $699All other assets
  • $41,439Total liabilities and capital
  • $37,408Total liabilities
  • $37,006Total deposits
  • $30,890Interest-bearing deposits
  • $37,006Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $402All other liabilities
  • $4,031Total equity capital
  • $4,031Total bank equity capital
  • $4,031Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,400Undivided profits
  • Memoranda
  • $1,431Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $92Earning assets
  • $0Long-term assets (5+ years)
  • $635Average Assets, year-to-date
  • $38,851Average Assets, quarterly
  • $1,323Volatile liabilities
  • $37,023Insider loans
  • $39,268FHLB advances
  • $8,527Loans and leases held for sale
  • $171Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $787Total unused commitments
  • $0Restructured Loans and leases
  • $32,315Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $3,771Total interest income
  • $1,485Total interest expense
  • $2,286Net interest income
  • $244Provision for loan and lease losses
  • $675Total noninterest income
  • $0Fiduciary activities
  • $230Service charges on deposit accounts
  • $0Trading account gains & fees
  • $445Additional noninterest income
  • $1,314Total noninterest expense
  • $741Salaries and employee benefits
  • $166Premises and equipment expense
  • $407Additional noninterest expense
  • $1,403Pre-tax net operating income
  • $0Securities gains (losses)
  • $479Applicable income taxes
  • $924Income before extraordinary items
  • $0Extraordinary gains - net
  • $924Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $330Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.88%Yield on earning assets
  • 4.28%Cost of funding earning assets
  • 6.59%Net interest margin
  • 1.95%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 2.50%Net operating income to assets
  • 2.50%Return on assets (ROA)
  • 3.79%Pretax return on assets
  • 24.67%Return on equity (ROE)
  • 15.86%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 2218.18%Credit loss provision to net charge-offs
  • 149.73%Efficiency ratio
  • 44,377Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.71%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 556.52%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 84.47%Net loans and leases to core deposits
  • 109.76%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 10.17%Tier 1 risk-based capital ratio
  • 12.35%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $37,023Average earning assets
  • $3,745Average equity
  • $34,676Average loans

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Milan.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents