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

Bank of Upson - Overview

  • General
  • FDIC Certificate #: 17041
    Status: Active
    Federal Reserve ID: 436131
    Bank Holding Company (Regulatory Top Holder): Southcrest Financial Group, Inc. (RSSDID: 2497202, Location: Peachtree City, GA)
    Date Established: October 01, 1951
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13716
    FDIC's unique #: 11104
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 01, 1951
    Last Structure Change Effective Date: March 19, 2010
    Last Structure Change Process Date: March 22, 2010
    Last Data Update: March 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 South Church Street, Thomaston, GA 30286
    County: Upson
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Thomaston, GA (#45580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $318.3 mil
    Equity capital: $31.0 mil
    Deposits held in domestic offices: $283.8 mil
    Return on assets (ROA): 0.26% ($0.8 mil)
    Quarterly return on assets: 0.29% ($0.9 mil)
    Return on Equity (ROE): 2.88% ($0.9 mil)
    Quarterly return on equity: 2.97% ($0.9 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.29% ($923.1 mil)
    Quarterly Pretax return on assets: 0.29% ($923.1 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
  • 104Total employees (full-time equivalent)
  • $318,325Total assets
  • $50,366Cash and due from depository institutions
  • $45,238Interest-bearing balances
  • $50,241Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $161,296Net loans & leases
  • $4,021Loan loss allowance
  • $0Trading account assets
  • $10,392Bank premises and fixed assets
  • $10,611Other real estate owned
  • $717Goodwill and other intangibles
  • $318,325Life insurance assets
  • $34,702All other assets
  • $287,314Total liabilities and capital
  • $283,844Total liabilities
  • $237,064Total deposits
  • $283,844Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,470Subordinated debt
  • $31,011All other liabilities
  • $31,011Total equity capital
  • $31,011Total bank equity capital
  • $0Perpetual preferred stock
  • $2,100Common stock
  • $22,994Surplus
  • $5,917Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $460Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,413Income earned, not collected on loans
  • $0Earning assets
  • $911Long-term assets (5+ years)
  • $256,775Average Assets, year-to-date
  • $42,250Average Assets, quarterly
  • $330,851Volatile liabilities
  • $319,826Insider loans
  • $184,817FHLB advances
  • $326,481Loans and leases held for sale
  • $8,229Unused loan commitments
  • $8,229Tier 1 (core) risk-based capital
  • $29,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,082Restructured Loans and leases
  • $222Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,129Total interest income
  • $2,748Total interest expense
  • $10,381Net interest income
  • $1,563Provision for loan and lease losses
  • $3,413Total noninterest income
  • $29Fiduciary activities
  • $1,900Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,484Additional noninterest income
  • $11,821Total noninterest expense
  • $4,579Salaries and employee benefits
  • $1,800Premises and equipment expense
  • $5,442Additional noninterest expense
  • $410Pre-tax net operating income
  • $565Securities gains (losses)
  • $100Applicable income taxes
  • $875Income before extraordinary items
  • $0Extraordinary gains - net
  • $875Net income attributable to bank
  • $0Net charge-offs
  • $875Cash dividends
  • $3,307Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.96%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 4.51%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 2.88%Return on equity (ROE)
  • 2.88%Retained earnings to average equity (YTD only)
  • 1.82%Net charge-offs to loans
  • 47.26%Credit loss provision to net charge-offs
  • 0.60%Efficiency ratio
  • 85,428Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 32.39%Noncurrent assets plus other real estate owned to assets
  • 7.23%Noncurrent loans to loans
  • 7.51%Net loans and leases to deposits
  • 56.83%Net loans and leases to core deposits
  • 58.41%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 9.18%Tier 1 risk-based capital ratio
  • 16.23%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $330,851Average earning assets
  • $30,365Average equity
  • $262,243Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $13,562Managed Assets
  • 1Number of Accounts
  • $13,562Personal trust and agency accounts
  • $13,562Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 8Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011104Bank Of Upson108 South Church Street, Thomaston, GA 30286October 01, 1951Full Service Brick and Mortar
    1240219Northside Branch943 North Church Street, Thomaston, GA 30286November 06, 1972Full Service Brick and Mortar
    23879Manchester Branch406 West Main Street, Manchester, GA 31816Febuary 02, 1910Full Service Brick and Mortar
    35113Warm Springs Branch101 Broad Street, Warm Springs, GA 31830August 03, 1906Full Service Brick and Mortar
    4365775Luthersville Branch24 North Main Street, Luthersville, GA 30251November 12, 2002Full Service Brick and Mortar
    7478874Tyrone Branch105 St. Stephens Court, Suite A, Tyrone, GA 30290August 06, 2007Full Service Brick and Mortar
    8439738Johns Creek Branch11675 Medlock Bridge Road, Johns Creek, GA 30097Febuary 28, 2006Full Service Brick and Mortar

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