Cohutta Banking Company in Chatsworth, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 11, 2008

  • Cohutta Banking Company in Chatsworth, Georgia (GA)
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Cohutta Banking Company - Overview

  • General
  • FDIC Certificate #: 11660
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cohutta Banking Company (#57913)
    Federal Reserve ID: 168731
    Date Established: January 24, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 7450
    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: January 01, 1934
    Last Structure Change Effective Date: July 11, 2008
    Last Structure Change Process Date: July 23, 2008
    Last Data Update: July 23, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Third Avenue, Chatsworth, GA 30705
    County: Murray
    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
    Core Based Statistical Area (CBSA): Dalton, GA (#19140)
    CBSA Metro Statistical Area: Dalton, GA (#19140)
  • Financial Summary
  • Total assets: $253.3 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, 2007)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $251,697Total assets
  • $6,328Cash and due from depository institutions
  • $810Interest-bearing balances
  • $48,809Securities
  • $1,992Federal funds sold & reverse repurchase agreements
  • $183,975Net loans & leases
  • $2,350Loan loss allowance
  • $0Trading account assets
  • $6,663Bank premises and fixed assets
  • $301Other real estate owned
  • $39Goodwill and other intangibles
  • $0Life insurance assets
  • $3,590All other assets
  • $251,697Total liabilities and capital
  • $230,522Total liabilities
  • $217,120Total deposits
  • $203,719Interest-bearing deposits
  • $217,120Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $781Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $2,621All other liabilities
  • $21,175Total equity capital
  • $21,175Total bank equity capital
  • $21,175Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $19,394Undivided profits
  • Memoranda
  • $781Noncurrent loans and leases
  • $41,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,708Earning assets
  • $659Long-term assets (5+ years)
  • $1,741Average Assets, year-to-date
  • $235,586Average Assets, quarterly
  • $55,377Volatile liabilities
  • $257,056Insider loans
  • $257,128FHLB advances
  • $45,566Loans and leases held for sale
  • $2,200Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $260Total risk weighted assets
  • $41,846Total unused commitments
  • $0Restructured Loans and leases
  • $2,350Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $17,549Total interest income
  • $7,522Total interest expense
  • $10,027Net interest income
  • $63Provision for loan and lease losses
  • $2,336Total noninterest income
  • $0Fiduciary activities
  • $1,598Service charges on deposit accounts
  • $0Trading account gains & fees
  • $738Additional noninterest income
  • $8,176Total noninterest expense
  • $4,502Salaries and employee benefits
  • $1,063Premises and equipment expense
  • $2,611Additional noninterest expense
  • $4,124Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,492Applicable income taxes
  • $2,632Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,632Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$13Sale, conversion, retirement of capital stock, net
  • $2,828Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.37%Yield on earning assets
  • 3.16%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 12.59%Return on equity (ROE)
  • -0.94%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -484.62%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,133Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.45%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 86.78%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 84.73%Net loans and leases to core deposits
  • 106.75%Equity capital to assets
  • 8.41%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 10.14%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $257,056Average earning assets
  • $20,909Average equity
  • $238,247Average loans

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