First Madison Bank & Trust in Colbert, Georgia (GA)



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First Madison Bank & Trust routing number info

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First Madison Bank & Trust
GeneralFDIC Certificate #: 57898
Status: Active
Federal Reserve ID: 3282021
Date Established: March 30, 2005
WWW: http://www.firstmadisonbank.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 #: 429675
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: March 30, 2005
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
LocationAddress: 5536 Georgia Highway 72, Colbert, GA 30628
County: Madison
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
Metropolitan Statistical Area (MSA): Athens, GA (#500)
Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $144.0 mil
Equity capital: $13.4 mil
Deposits held in domestic offices: $123.9 mil
Return on assets (ROA): 0.71% ($1.0 mil)
Quarterly return on assets: 0.91% ($1.3 mil)
Return on Equity (ROE): 7.78% ($1.0 mil)
Quarterly return on equity: 9.87% ($1.3 mil)
Net income: $1.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.14% ($1,641.8 mil)
Quarterly Pretax return on assets: 1.47% ($2,117.1 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)19
Total assets$144,018
Cash and due from depository institutions$20,063
Interest-bearing balances$13,546
Securities$10,338
Federal funds sold & reverse repurchase agreements$2,619
Net loans & leases$103,610
Loan loss allowance $3,962
Trading account assets$0
Bank premises and fixed assets$3,702
Other real estate owned$877
Goodwill and other intangibles$0
All other assets$2,809
Life insurance assets$144,018
Total liabilities and capital$130,666
Total liabilities$123,869
Total deposits$114,313
Interest-bearing deposits$123,869
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,646
Other borrowed funds $0
Subordinated debt $151
All other liabilities $13,352
Total equity capital$13,352
Total bank equity capital$13,352
Perpetual preferred stock$0
Common stock$5,106
Surplus$5,106
Undivided profits $3,140
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 $535
Earning assets $0
Long-term assets (5+ years) $693
Average Assets, year-to-date $130,113
Average Assets, quarterly $10,855
Volatile liabilities $140,668
Insider loans $143,754
FHLB advances $98,925
Loans and leases held for sale $143,408
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,290
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,623
Derivatives$2,452
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,598
Total interest expense $1,927
Net interest income $5,671
Provision for loan and lease losses $2,122
Total noninterest income $541
Fiduciary activities $0
Service charges on deposit accounts $375
Trading account gains & fees $0
Additional noninterest income $166
Total noninterest expense $2,969
Salaries and employee benefits $1,394
Premises and equipment expense $361
Additional noninterest expense $1,214
Pre-tax net operating income $1,121
Securities gains (losses) $482
Applicable income taxes $601
Income before extraordinary items $1,002
Extraordinary gains - net $0
Net income attributable to bank $1,002
Net charge-offs $0
Cash dividends $1,002
Sale, conversion, retirement of capital stock, net $708
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.96%
Cost of funding earning assets 1.51%
Net interest margin 4.45%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 2.33%
Net operating income to assets 0.49%
Return on assets (ROA) 0.71%
Pretax return on assets 1.14%
Return on equity (ROE) 7.78%
Retained earnings to average equity (YTD only) 7.78%
Net charge-offs to loans 0.67%
Credit loss provision to net charge-offs 299.72%
Efficiency ratio4.58%
Assets per employee$47,795
Cash dividends to net income (YTD only)7.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.68%
Noncurrent assets plus other real estate owned to assets 740.56%
Noncurrent loans to loans 0.98%
Net loans and leases to deposits0.50%
Net loans and leases to core deposits 83.64%
Equity capital to assets 88.98%
Core capital (leverage) ratio 9.27%
Tier 1 risk-based capital ratio 9.27%
Total risk-based capital ratio 13.43%
Memoranda
Average assets$15
Average earning assets$140,668
Average equity $12,882
Average loans $127,524
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3 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0429675First Madison Bank & Trust5536 Georgia Highway 72, Colbert, GA 30628March 30, 2005Full Service Brick and Mortar
1445007Athens Branch780 Us Highway 29 North, Athens, GA 30601September 26, 2005Full Service Brick and Mortar
2475440Danielsville Branch210 General Daniel Avenue, Danielsville, GA 30633May 15, 2008Full Service Brick and Mortar
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