Durden Banking Company, Incorporated in Twin City, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Durden Banking Company, Incorporated - Overview

  • General
  • FDIC Certificate #: 15336
    Status: Active
    Federal Reserve ID: 101439
    Bank Holding Company (Regulatory Top Holder): Durden Bankshares, Inc. (RSSDID: 2388663, Location: Twin City, GA)
    Date Established: January 01, 1934
    WWW: http://www.durdenbc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 9669
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 15, 1936
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 North Railroad Avenue, Twin City, GA 30471
    County: Emanuel
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.9 mil
    Equity capital: $20.0 mil
    Deposits held in domestic offices: $134.6 mil
    Return on assets (ROA): 1.48% ($2.3 mil)
    Quarterly return on assets: 1.40% ($2.2 mil)
    Return on Equity (ROE): 12.38% ($2.5 mil)
    Quarterly return on equity: 11.17% ($2.2 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.48% ($2,292.9 mil)
    Quarterly Pretax return on assets: 1.40% ($2,168.9 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, 2011)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $154,924Total assets
  • $7,455Cash and due from depository institutions
  • $5,915Interest-bearing balances
  • $36,865Securities
  • $713Federal funds sold & reverse repurchase agreements
  • $101,429Net loans & leases
  • $2,504Loan loss allowance
  • $0Trading account assets
  • $5,354Bank premises and fixed assets
  • $1,139Other real estate owned
  • $0Goodwill and other intangibles
  • $154,924Life insurance assets
  • $1,969All other assets
  • $134,960Total liabilities and capital
  • $134,569Total liabilities
  • $121,453Total deposits
  • $134,569Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $391Subordinated debt
  • $19,964All other liabilities
  • $19,964Total equity capital
  • $19,964Total bank equity capital
  • $0Perpetual preferred stock
  • $264Common stock
  • $4,024Surplus
  • $15,676Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,809Income earned, not collected on loans
  • $76Earning assets
  • $1,006Long-term assets (5+ years)
  • $144,922Average Assets, year-to-date
  • $17,893Average Assets, quarterly
  • $158,009Volatile liabilities
  • $158,233Insider loans
  • $88,051FHLB advances
  • $157,800Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,062Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,704Restructured Loans and leases
  • $1,069Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,022Total interest income
  • $1,339Total interest expense
  • $6,683Net interest income
  • $925Provision for loan and lease losses
  • $1,408Total noninterest income
  • $0Fiduciary activities
  • $1,088Service charges on deposit accounts
  • $0Trading account gains & fees
  • $320Additional noninterest income
  • $4,843Total noninterest expense
  • $2,520Salaries and employee benefits
  • $587Premises and equipment expense
  • $1,736Additional noninterest expense
  • $2,323Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $2,343Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,343Net income attributable to bank
  • $0Net charge-offs
  • $2,343Cash dividends
  • $790Sale, conversion, retirement of capital stock, net
  • $897Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.30%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.48%Pretax return on assets
  • 12.38%Return on equity (ROE)
  • 7.64%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 117.09%Credit loss provision to net charge-offs
  • 4.11%Efficiency ratio
  • 59,857Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.28%Loss allowance to loans
  • 2.41%Loss allowance to noncurrent loans
  • 89.14%Noncurrent assets plus other real estate owned to assets
  • 2.55%Noncurrent loans to loans
  • 2.70%Net loans and leases to deposits
  • 75.37%Net loans and leases to core deposits
  • 79.15%Equity capital to assets
  • 12.89%Core capital (leverage) ratio
  • 12.08%Tier 1 risk-based capital ratio
  • 21.65%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $158,009Average earning assets
  • $18,929Average equity
  • $146,915Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09669Durden Banking Company, Incorporated111 North Railroad Avenue, Twin City, GA 30471January 01, 1934Full Service Brick and Mortar
    1233712Swainsboro Branch318 South Main Street, Swainsboro, GA 30401November 12, 1991Full Service Brick and Mortar
    2363586Metter Branch900 South Lewis Street, Metter, GA 30439April 15, 2002Full Service Brick and Mortar

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