FDIC Certificate #: 15634 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Citizens State Bank of Taylor County (#884) Federal Reserve ID: 48534 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 9913 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: December 16, 1938 Last Structure Change Effective Date: January 01, 1999 Last Structure Change Process Date: April 16, 1999 Last Data Update: April 16, 1999 Data Source Date: April 05, 2012
Location
Address: 113-115 West Second Street, Donalsonville, GA 31745 County: Seminole Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $67.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$67,402Total assets
$2,273Cash and due from depository institutions
$95Interest-bearing balances
$16,449Securities
$10,580Federal funds sold & reverse repurchase agreements
$34,541Net loans & leases
$484Loan loss allowance
$0Trading account assets
$883Bank premises and fixed assets
$250Other real estate owned
$1,175Goodwill and other intangibles
$0Life insurance assets
$1,251All other assets
$67,402Total liabilities and capital
$60,188Total liabilities
$59,889Total deposits
$52,341Interest-bearing deposits
$59,889Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$299All other liabilities
$7,214Total equity capital
$7,214Total bank equity capital
$7,214Perpetual preferred stock
$0Common stock
$200Surplus
$2,800Undivided profits
Memoranda
$4,214Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$617Earning assets
$0Long-term assets (5+ years)
$689Average Assets, year-to-date
$61,665Average Assets, quarterly
$17,719Volatile liabilities
$66,787Insider loans
$67,675FHLB advances
$9,489Loans and leases held for sale
$76Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,551Total unused commitments
$0Restructured Loans and leases
$38,786Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,287Total interest income
$2,703Total interest expense
$2,584Net interest income
$484Provision for loan and lease losses
$587Total noninterest income
$0Fiduciary activities
$474Service charges on deposit accounts
$0Trading account gains & fees
$113Additional noninterest income
$1,974Total noninterest expense
$1,144Salaries and employee benefits
$442Premises and equipment expense
$388Additional noninterest expense
$713Pre-tax net operating income
-$3Securities gains (losses)
$149Applicable income taxes
$561Income before extraordinary items
$0Extraordinary gains - net
$561Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$484Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.71%Yield on earning assets
4.45%Cost of funding earning assets
4.26%Net interest margin
0.97%Noninterest income to earning assets
3.25%Noninterest expense to earning assets
0.84%Net operating income to assets
0.84%Return on assets (ROA)
1.06%Pretax return on assets
7.96%Return on equity (ROE)
3.71%Retained earnings to average equity (YTD only)
1.29%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
2.47%Efficiency ratio
59,224Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.48%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
78.44%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
1.76%Net loans and leases to deposits
57.68%Net loans and leases to core deposits
68.53%Equity capital to assets
10.70%Core capital (leverage) ratio
8.81%Tier 1 risk-based capital ratio
15.23%Total risk-based capital ratio
Memoranda
$16Average assets
$66,787Average earning assets
$7,044Average equity
$60,717Average loans
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