Community Bank & Trust in Cornelia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 29, 2010

  • Community Bank & Trust in Cornelia, Georgia (GA)
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Community Bank & Trust - Overview

  • General
  • FDIC Certificate #: 5702
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SCBT National Association (#13425)
    Federal Reserve ID: 184937
    Date Established: August 03, 1900
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 42 (Interstate: No)
    OTS Docket #: 12087
    FDIC's unique #: 3886
    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: January 29, 2010
    Last Structure Change Process Date: Febuary 01, 2010
    Last Data Update: Febuary 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 448 North Main Street, Cornelia, GA 30531
    County: Habersham
    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): Cornelia, GA (#18460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,181.7 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, 2009)

  • Dollar figures in thousands
  • 384Total employees (full-time equivalent)
  • $1,181,717Total assets
  • $128,406Cash and due from depository institutions
  • $104,178Interest-bearing balances
  • $112,419Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $839,833Net loans & leases
  • $35,493Loan loss allowance
  • $0Trading account assets
  • $24,141Bank premises and fixed assets
  • $43,323Other real estate owned
  • $68Goodwill and other intangibles
  • $392Life insurance assets
  • $33,527All other assets
  • $1,181,717Total liabilities and capital
  • $1,162,831Total liabilities
  • $1,067,957Total deposits
  • $1,027,892Interest-bearing deposits
  • $1,067,957Deposits held in domestic offices
  • 85.56%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $80,250Other borrowed funds
  • $0Subordinated debt
  • $14,624All other liabilities
  • $18,886Total equity capital
  • $18,886Total bank equity capital
  • $18,886Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $51,700Undivided profits
  • Memoranda
  • $-33,314Noncurrent loans and leases
  • $40,095Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $225,968Earning assets
  • $0Long-term assets (5+ years)
  • $7,647Average Assets, year-to-date
  • $1,056,430Average Assets, quarterly
  • $75,331Volatile liabilities
  • $1,248,880Insider loans
  • $1,196,372FHLB advances
  • $286,643Loans and leases held for sale
  • $6,900Unused loan commitments
  • $80,250Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $40,095Total unused commitments
  • $9,929Restructured Loans and leases
  • $11,521Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $50,150Total interest income
  • $30,469Total interest expense
  • $19,681Net interest income
  • $55,723Provision for loan and lease losses
  • $18,175Total noninterest income
  • $297Fiduciary activities
  • $8,115Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,763Additional noninterest income
  • $46,989Total noninterest expense
  • $17,739Salaries and employee benefits
  • $6,430Premises and equipment expense
  • $22,820Additional noninterest expense
  • -$64,856Pre-tax net operating income
  • $1,861Securities gains (losses)
  • -$4,014Applicable income taxes
  • -$58,981Income before extraordinary items
  • $0Extraordinary gains - net
  • -$58,981Net income attributable to bank
  • $0Net charge-offs
  • -$58,981Cash dividends
  • $40,989Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 2.70%Cost of funding earning assets
  • 1.74%Net interest margin
  • 1.61%Noninterest income to earning assets
  • 4.16%Noninterest expense to earning assets
  • -4.86%Net operating income to assets
  • -4.72%Return on assets (ROA)
  • -5.04%Pretax return on assets
  • -110.64%Return on equity (ROE)
  • -110.64%Retained earnings to average equity (YTD only)
  • 4.36%Net charge-offs to loans
  • 135.95%Credit loss provision to net charge-offs
  • -0.22%Efficiency ratio
  • 123,827Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.05%Loss allowance to noncurrent loans
  • 15.71%Noncurrent assets plus other real estate owned to assets
  • 22.79%Noncurrent loans to loans
  • 25.82%Net loans and leases to deposits
  • 78.64%Net loans and leases to core deposits
  • 107.49%Equity capital to assets
  • 1.60%Core capital (leverage) ratio
  • 1.79%Tier 1 risk-based capital ratio
  • 2.40%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $1,248,880Average earning assets
  • $53,310Average equity
  • $1,129,105Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $73,342Managed Assets
  • 1Number of Accounts
  • $19,858Personal trust and agency accounts
  • $18,526Employee benefit-defined contribution accounts
  • $452Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $236Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $644Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 670Number of Accounts
  • $0Personal trust and agency accounts
  • $236Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $53,484Other retirement accounts
  • $0Corporate trust and agency accounts
  • $477Other fiduciary accounts
  • $53,007Fiduciary accounts held in foreign offices

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