Bank of Morgan County in Madison, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 06, 1998

  • Bank of Morgan County in Madison, Georgia (GA)
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Bank of Morgan County - Overview

  • General
  • FDIC Certificate #: 168
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 361130
    Date Established: January 01, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 133
    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: Febuary 06, 1998
    Last Structure Change Process Date: March 18, 1998
    Last Data Update: March 18, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1460 Eatonton Road, Madison, GA 30650
    County: Morgan
    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
  • Financial Summary
  • Total assets: $43.6 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
  • 18Total employees (full-time equivalent)
  • $43,625Total assets
  • $3,133Cash and due from depository institutions
  • $0Interest-bearing balances
  • $9,180Securities
  • $6,010Federal funds sold & reverse repurchase agreements
  • $23,697Net loans & leases
  • $378Loan loss allowance
  • $0Trading account assets
  • $874Bank premises and fixed assets
  • $0Other real estate owned
  • $138Goodwill and other intangibles
  • $0Life insurance assets
  • $593All other assets
  • $43,625Total liabilities and capital
  • $37,058Total liabilities
  • $36,321Total deposits
  • $30,102Interest-bearing deposits
  • $36,321Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $737All other liabilities
  • $6,567Total equity capital
  • $6,567Total bank equity capital
  • $6,567Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,250Undivided profits
  • Memoranda
  • $5,217Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20Earning assets
  • $0Long-term assets (5+ years)
  • $290Average Assets, year-to-date
  • $38,887Average Assets, quarterly
  • $2,553Volatile liabilities
  • $41,677Insider loans
  • $43,298FHLB advances
  • $3,549Loans and leases held for sale
  • $312Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,684Total unused commitments
  • $0Restructured Loans and leases
  • $23,948Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,510Total interest income
  • $1,367Total interest expense
  • $2,143Net interest income
  • $0Provision for loan and lease losses
  • $456Total noninterest income
  • $0Fiduciary activities
  • $361Service charges on deposit accounts
  • $0Trading account gains & fees
  • $95Additional noninterest income
  • $935Total noninterest expense
  • $488Salaries and employee benefits
  • $101Premises and equipment expense
  • $346Additional noninterest expense
  • $1,664Pre-tax net operating income
  • $0Securities gains (losses)
  • $575Applicable income taxes
  • $1,089Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,089Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.40%Yield on earning assets
  • 3.66%Cost of funding earning assets
  • 5.74%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 2.61%Net operating income to assets
  • 2.61%Return on assets (ROA)
  • 3.99%Pretax return on assets
  • 18.07%Return on equity (ROE)
  • 18.07%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 35,090Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 1890.00%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 65.24%Net loans and leases to core deposits
  • 72.31%Equity capital to assets
  • 15.05%Core capital (leverage) ratio
  • 15.13%Tier 1 risk-based capital ratio
  • 26.65%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $41,677Average earning assets
  • $6,026Average equity
  • $37,340Average loans

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