First National Bank of the South in Milledgeville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 25, 2008

  • First National Bank of the South in Milledgeville, Georgia (GA)
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First National Bank of the South - Overview

  • General
  • FDIC Certificate #: 27543
    Status: Inactive
    Closing history: Change in Geographic Region/Area/Territory/Field Office
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 1401547
    Date Established: July 03, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 12997
    FDIC's unique #: 40323
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 03, 1989
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: August 11, 2008
    Last Data Update: August 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2501 North Columbia Street, Milledgeville, GA 31061
    County: Baldwin
    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
    Core Based Statistical Area (CBSA): Milledgeville, GA (#33300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $206.0 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, 2007)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $215,404Total assets
  • $4,768Cash and due from depository institutions
  • $38Interest-bearing balances
  • $17,259Securities
  • $4,479Federal funds sold & reverse repurchase agreements
  • $147,704Net loans & leases
  • $1,742Loan loss allowance
  • $0Trading account assets
  • $4,861Bank premises and fixed assets
  • $228Other real estate owned
  • $22,446Goodwill and other intangibles
  • $7,805Life insurance assets
  • $13,659All other assets
  • $215,404Total liabilities and capital
  • $175,133Total liabilities
  • $154,031Total deposits
  • $133,838Interest-bearing deposits
  • $154,031Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,238Other borrowed funds
  • $0Subordinated debt
  • $6,864All other liabilities
  • $40,271Total equity capital
  • $40,271Total bank equity capital
  • $40,271Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $33,778Undivided profits
  • Memoranda
  • $4,743Noncurrent loans and leases
  • $29,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,924Earning assets
  • $0Long-term assets (5+ years)
  • $1,557Average Assets, year-to-date
  • $169,480Average Assets, quarterly
  • $6,399Volatile liabilities
  • $212,333Insider loans
  • $214,047FHLB advances
  • $41,064Loans and leases held for sale
  • $2,830Unused loan commitments
  • $14,238Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $29,220Total unused commitments
  • $0Restructured Loans and leases
  • $1,742Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $13,249Total interest income
  • $6,247Total interest expense
  • $7,002Net interest income
  • $80Provision for loan and lease losses
  • $1,534Total noninterest income
  • $0Fiduciary activities
  • $966Service charges on deposit accounts
  • $0Trading account gains & fees
  • $568Additional noninterest income
  • $5,581Total noninterest expense
  • $2,726Salaries and employee benefits
  • $566Premises and equipment expense
  • $2,289Additional noninterest expense
  • $2,875Pre-tax net operating income
  • $1Securities gains (losses)
  • $840Applicable income taxes
  • $2,036Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,036Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$103Sale, conversion, retirement of capital stock, net
  • $1,088Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.98%Yield on earning assets
  • 3.76%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 5.13%Return on equity (ROE)
  • 2.39%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • -77.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,195Assets per employee
  • 4.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.44%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 90.54%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 95.89%Net loans and leases to core deposits
  • 122.41%Equity capital to assets
  • 18.70%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 10.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $212,333Average earning assets
  • $39,658Average equity
  • $166,045Average loans

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