Citizens Bank of Effingham in Springfield, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 2011

  • Citizens Bank of Effingham in Springfield, Georgia (GA)
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Citizens Bank of Effingham - Overview

  • General
  • FDIC Certificate #: 34601
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Heritage Bank of the South (#50028)
    Federal Reserve ID: 2621306
    Date Established: September 08, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 60766
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 08, 1998
    Last Structure Change Effective Date: Febuary 18, 2011
    Last Structure Change Process Date: Febuary 22, 2011
    Last Data Update: Febuary 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 802 South Laurel Street, Springfield, GA 31329
    County: Effingham
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Savannah, GA (#7520)
    Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496)
    Core Based Statistical Area (CBSA): Savannah, GA (#42340)
    CBSA Metro Statistical Area: Savannah, GA (#42340)
  • Financial Summary
  • Total assets: $214.3 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, 2010)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $214,275Total assets
  • $23,807Cash and due from depository institutions
  • $13,376Interest-bearing balances
  • $9,871Securities
  • $11,525Federal funds sold & reverse repurchase agreements
  • $139,790Net loans & leases
  • $4,990Loan loss allowance
  • $0Trading account assets
  • $6,342Bank premises and fixed assets
  • $18,091Other real estate owned
  • $0Goodwill and other intangibles
  • $2,620Life insurance assets
  • $4,849All other assets
  • $214,276Total liabilities and capital
  • $212,085Total liabilities
  • $206,490Total deposits
  • $192,486Interest-bearing deposits
  • $206,490Deposits held in domestic offices
  • 95.73%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $595All other liabilities
  • $2,191Total equity capital
  • $2,191Total bank equity capital
  • $2,191Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $14,500Undivided profits
  • Memoranda
  • $-12,809Noncurrent loans and leases
  • $7,840Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $19,416Earning assets
  • $0Long-term assets (5+ years)
  • $1,005Average Assets, year-to-date
  • $174,562Average Assets, quarterly
  • $6,590Volatile liabilities
  • $230,105Insider loans
  • $215,909FHLB advances
  • $66,011Loans and leases held for sale
  • $7,015Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,840Total unused commitments
  • $11Restructured Loans and leases
  • $2,113Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $8,848Total interest income
  • $4,218Total interest expense
  • $4,630Net interest income
  • $9,567Provision for loan and lease losses
  • $198Total noninterest income
  • $0Fiduciary activities
  • $473Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$275Additional noninterest income
  • $5,659Total noninterest expense
  • $2,006Salaries and employee benefits
  • $661Premises and equipment expense
  • $2,992Additional noninterest expense
  • -$10,398Pre-tax net operating income
  • $0Securities gains (losses)
  • -$250Applicable income taxes
  • -$10,148Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,148Net income attributable to bank
  • $0Net charge-offs
  • -$10,148Cash dividends
  • $9,640Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 2.11%Cost of funding earning assets
  • 2.32%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • -4.41%Net operating income to assets
  • -4.41%Return on assets (ROA)
  • -4.52%Pretax return on assets
  • -130.18%Return on equity (ROE)
  • -130.18%Retained earnings to average equity (YTD only)
  • 5.66%Net charge-offs to loans
  • 99.24%Credit loss provision to net charge-offs
  • -0.09%Efficiency ratio
  • 117,212Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.45%Loss allowance to noncurrent loans
  • 25.70%Noncurrent assets plus other real estate owned to assets
  • 17.50%Noncurrent loans to loans
  • 13.41%Net loans and leases to deposits
  • 67.70%Net loans and leases to core deposits
  • 99.51%Equity capital to assets
  • 1.02%Core capital (leverage) ratio
  • 0.97%Tier 1 risk-based capital ratio
  • 1.27%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $230,105Average earning assets
  • $7,795Average equity
  • $199,875Average loans

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