FDIC Certificate #: 194 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Queensborough National Bank & Trust Company (#2138) Federal Reserve ID: 509035 Date Established: January 01, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 156 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: March 01, 1999 Last Structure Change Process Date: March 15, 1999 Last Data Update: March 15, 1999 Data Source Date: April 05, 2012
Location
Address: 116 North Main Street, Wadley, GA 30477 County: Jefferson 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: $24.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$24,179Total assets
$793Cash and due from depository institutions
$0Interest-bearing balances
$4,051Securities
$5,440Federal funds sold & reverse repurchase agreements
$13,318Net loans & leases
$181Loan loss allowance
$0Trading account assets
$120Bank premises and fixed assets
$75Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$382All other assets
$24,179Total liabilities and capital
$21,831Total liabilities
$21,591Total deposits
$16,740Interest-bearing deposits
$21,591Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$240All other liabilities
$2,348Total equity capital
$2,348Total bank equity capital
$2,348Perpetual preferred stock
$0Common stock
$300Surplus
$1,500Undivided profits
Memoranda
$548Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$186Earning assets
$0Long-term assets (5+ years)
$270Average Assets, year-to-date
$22,809Average Assets, quarterly
$462Volatile liabilities
$23,135Insider loans
$23,593FHLB advances
$2,364Loans and leases held for sale
$295Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$346Total unused commitments
$0Restructured Loans and leases
$13,767Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,820Total interest income
$772Total interest expense
$1,048Net interest income
$10Provision for loan and lease losses
$147Total noninterest income
$0Fiduciary activities
$119Service charges on deposit accounts
$0Trading account gains & fees
$28Additional noninterest income
$584Total noninterest expense
$313Salaries and employee benefits
$68Premises and equipment expense
$203Additional noninterest expense
$601Pre-tax net operating income
$0Securities gains (losses)
$184Applicable income taxes
$417Income before extraordinary items
$0Extraordinary gains - net
$417Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$34Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.52%Yield on earning assets
3.61%Cost of funding earning assets
4.91%Net interest margin
0.69%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
1.80%Net operating income to assets
1.80%Return on assets (ROA)
2.60%Pretax return on assets
18.44%Return on equity (ROE)
9.60%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
29.41%Credit loss provision to net charge-offs
17.97%Efficiency ratio
48,870Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.96%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
97.31%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.38%Net loans and leases to deposits
61.68%Net loans and leases to core deposits
69.27%Equity capital to assets
9.71%Core capital (leverage) ratio
9.81%Tier 1 risk-based capital ratio
17.03%Total risk-based capital ratio
Memoranda
$18Average assets
$23,135Average earning assets
$2,261Average equity
$21,363Average 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 Wadley.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: