Commercial State Bank in Donalsonville, Georgia (GA)



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Commercial State Bank
GeneralFDIC Certificate #: 35319
Status: Active
Federal Reserve ID: 2823230
Bank Holding Company (Regulatory Top Holder): Georgia Community Bancorp, Incorporated (RSSDID: 1245581, Location: Reynolds, GA)
Date Established: August 31, 1999
WWW: http://www.commercialstatebank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 78225
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: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: August 31, 1999
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: September 25, 2007
Last Data Update: September 25, 2007
Data Source Date: April 05, 2012
LocationAddress: 113-115 West Second Street, Donalsonville, GA 39845
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
History of ChangesMerge BIF and SAIF Funds into DIF
Change in Location
Financial SummaryTotal assets: $104.3 mil
Equity capital: $14.1 mil
Deposits held in domestic offices: $90.0 mil
Return on assets (ROA): 0.65% ($0.7 mil)
Quarterly return on assets: 0.41% ($0.4 mil)
Return on Equity (ROE): 4.61% ($0.6 mil)
Quarterly return on equity: 2.90% ($0.4 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.65% ($677.8 mil)
Quarterly Pretax return on assets: 0.41% ($427.5 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)
Total employees (full-time equivalent)29
Total assets$104,273
Cash and due from depository institutions$22,380
Interest-bearing balances$15,536
Securities$21,040
Federal funds sold & reverse repurchase agreements$8,375
Net loans & leases$45,855
Loan loss allowance $877
Trading account assets$0
Bank premises and fixed assets$1,692
Other real estate owned$1,006
Goodwill and other intangibles$887
All other assets$3,038
Life insurance assets$104,273
Total liabilities and capital$90,190
Total liabilities$89,961
Total deposits$72,491
Interest-bearing deposits$89,961
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $229
All other liabilities $14,083
Total equity capital$14,083
Total bank equity capital$14,083
Perpetual preferred stock$0
Common stock$3,000
Surplus$3,150
Undivided profits $7,933
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,022
Earning assets $0
Long-term assets (5+ years) $970
Average Assets, year-to-date $90,806
Average Assets, quarterly $27,083
Volatile liabilities $97,409
Insider loans $99,603
FHLB advances $62,572
Loans and leases held for sale $98,308
Unused loan commitments $1,758
Tier 1 (core) risk-based capital $1,758
Tier 2 risk-based capital $12,577
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,325
Derivatives$409
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,275
Total interest expense $1,137
Net interest income $3,138
Provision for loan and lease losses $480
Total noninterest income $633
Fiduciary activities $0
Service charges on deposit accounts $499
Trading account gains & fees $0
Additional noninterest income $134
Total noninterest expense $2,720
Salaries and employee benefits $1,636
Premises and equipment expense $428
Additional noninterest expense $656
Pre-tax net operating income $571
Securities gains (losses) $60
Applicable income taxes $0
Income before extraordinary items $631
Extraordinary gains - net $0
Net income attributable to bank $631
Net charge-offs $0
Cash dividends $631
Sale, conversion, retirement of capital stock, net $241
Net operating income $287
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.06%
Cost of funding earning assets 1.35%
Net interest margin 3.71%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 3.22%
Net operating income to assets 0.59%
Return on assets (ROA) 0.65%
Pretax return on assets 0.65%
Return on equity (ROE) 4.61%
Retained earnings to average equity (YTD only) 2.51%
Net charge-offs to loans 0.51%
Credit loss provision to net charge-offs 199.17%
Efficiency ratio4.36%
Assets per employee$72,129
Cash dividends to net income (YTD only)3.60%
Condition Ratios (%)
Loss allowance to loans 45.48%
Loss allowance to noncurrent loans 1.88%
Noncurrent assets plus other real estate owned to assets 43.37%
Noncurrent loans to loans 2.90%
Net loans and leases to deposits4.33%
Net loans and leases to core deposits 50.97%
Equity capital to assets 52.67%
Core capital (leverage) ratio 13.51%
Tier 1 risk-based capital ratio 12.79%
Total risk-based capital ratio 20.10%
Memoranda
Average assets$21
Average earning assets$97,409
Average equity $13,693
Average loans $84,532
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2 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078225Commercial State Bank113-115 West Second Street, Donalsonville, GA 39845August 31, 1999Full Service Brick and Mortar
3274773412 Columbia St Branch412 Columbia Highway, Blakely, GA 39823January 01, 1934Full Service Brick and Mortar
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