First Community Bank of Tifton in Tifton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • First Community Bank of Tifton in Tifton, Georgia (GA)
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First Community Bank of Tifton - Overview

  • General
  • FDIC Certificate #: 15647
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 284332
    Date Established: Febuary 24, 1937
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 9925
    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: Febuary 20, 1939
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 218 Love Avenue, Tifton, GA 31794
    County: Tift
    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
    Core Based Statistical Area (CBSA): Tifton, GA (#45700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $371.8 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
  • 56Total employees (full-time equivalent)
  • $347,797Total assets
  • $4,524Cash and due from depository institutions
  • $5Interest-bearing balances
  • $62,897Securities
  • $55,957Federal funds sold & reverse repurchase agreements
  • $211,279Net loans & leases
  • $3,901Loan loss allowance
  • $0Trading account assets
  • $4,608Bank premises and fixed assets
  • $823Other real estate owned
  • $23Goodwill and other intangibles
  • $543Life insurance assets
  • $7,686All other assets
  • $347,797Total liabilities and capital
  • $324,813Total liabilities
  • $306,001Total deposits
  • $271,844Interest-bearing deposits
  • $306,001Deposits held in domestic offices
  • 73.24%% insured (estimated)
  • $2,975Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,000Other borrowed funds
  • $0Subordinated debt
  • $1,837All other liabilities
  • $22,984Total equity capital
  • $22,984Total bank equity capital
  • $22,984Perpetual preferred stock
  • $0Common stock
  • $700Surplus
  • $11,983Undivided profits
  • Memoranda
  • $10,301Noncurrent loans and leases
  • $27,065Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,628Earning assets
  • $0Long-term assets (5+ years)
  • $2,408Average Assets, year-to-date
  • $330,138Average Assets, quarterly
  • $57,716Volatile liabilities
  • $340,155Insider loans
  • $342,857FHLB advances
  • $120,193Loans and leases held for sale
  • $11,103Unused loan commitments
  • $14,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,065Total unused commitments
  • $1,722Restructured Loans and leases
  • $2,928Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,127Total interest income
  • $5,424Total interest expense
  • $10,703Net interest income
  • $5,173Provision for loan and lease losses
  • $2,063Total noninterest income
  • $0Fiduciary activities
  • $1,890Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $7,186Total noninterest expense
  • $3,128Salaries and employee benefits
  • $639Premises and equipment expense
  • $3,419Additional noninterest expense
  • $407Pre-tax net operating income
  • $112Securities gains (losses)
  • $52Applicable income taxes
  • $467Income before extraordinary items
  • $0Extraordinary gains - net
  • $467Net income attributable to bank
  • $0Net charge-offs
  • $467Cash dividends
  • $5,658Sale, conversion, retirement of capital stock, net
  • $953Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.22%Noninterest expense to earning assets
  • 0.11%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.97%Return on equity (ROE)
  • -2.05%Retained earnings to average equity (YTD only)
  • 2.53%Net charge-offs to loans
  • 91.43%Credit loss provision to net charge-offs
  • 0.99%Efficiency ratio
  • 56,290Assets per employee
  • 6.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 204.07%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 107.52%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 1.69%Net loans and leases to deposits
  • 69.05%Net loans and leases to core deposits
  • 104.19%Equity capital to assets
  • 6.61%Core capital (leverage) ratio
  • 6.42%Tier 1 risk-based capital ratio
  • 9.26%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $340,155Average earning assets
  • $23,691Average equity
  • $323,355Average loans

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