First Port City Bank in Bainbridge, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Port City Bank - Overview

  • General
  • FDIC Certificate #: 21784
    Status: Active
    Federal Reserve ID: 262237
    Bank Holding Company (Regulatory Top Holder): Port City Holding Company, Inc. (RSSDID: 1082601, Location: Bainbridge, GA)
    Date Established: October 07, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12916
    FDIC's unique #: 15088
    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: October 07, 1974
    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: 400 West Shotwell Street, Bainbridge, GA 39818
    County: Decatur
    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): Bainbridge, GA (#12460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $133.3 mil
    Equity capital: $15.5 mil
    Deposits held in domestic offices: $113.0 mil
    Return on assets (ROA): 1.13% ($1.5 mil)
    Quarterly return on assets: 1.59% ($2.1 mil)
    Return on Equity (ROE): 9.95% ($1.6 mil)
    Quarterly return on equity: 13.53% ($2.2 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.44% ($1,919.8 mil)
    Quarterly Pretax return on assets: 1.68% ($2,239.7 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, 2011)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $133,318Total assets
  • $17,656Cash and due from depository institutions
  • $12,129Interest-bearing balances
  • $27,461Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,914Net loans & leases
  • $2,025Loan loss allowance
  • $0Trading account assets
  • $1,725Bank premises and fixed assets
  • $166Other real estate owned
  • $0Goodwill and other intangibles
  • $133,318Life insurance assets
  • $2,396All other assets
  • $117,802Total liabilities and capital
  • $113,011Total liabilities
  • $94,538Total deposits
  • $113,011Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,548Trading liabilities
  • $0Other borrowed funds
  • $1,243Subordinated debt
  • $15,516All other liabilities
  • $15,516Total equity capital
  • $15,516Total bank equity capital
  • $0Perpetual preferred stock
  • $756Common stock
  • $9,244Surplus
  • $5,516Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $764Income earned, not collected on loans
  • $0Earning assets
  • $723Long-term assets (5+ years)
  • $123,504Average Assets, year-to-date
  • $27,745Average Assets, quarterly
  • $129,828Volatile liabilities
  • $130,689Insider loans
  • $93,350FHLB advances
  • $129,624Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,962Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,306Restructured Loans and leases
  • $6,270Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,752Total interest income
  • $1,408Total interest expense
  • $4,344Net interest income
  • $180Provision for loan and lease losses
  • $549Total noninterest income
  • $0Fiduciary activities
  • $325Service charges on deposit accounts
  • $0Trading account gains & fees
  • $224Additional noninterest income
  • $2,919Total noninterest expense
  • $1,491Salaries and employee benefits
  • $324Premises and equipment expense
  • $1,104Additional noninterest expense
  • $1,794Pre-tax net operating income
  • $71Securities gains (losses)
  • $402Applicable income taxes
  • $1,463Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,463Net income attributable to bank
  • $0Net charge-offs
  • $1,463Cash dividends
  • $285Sale, conversion, retirement of capital stock, net
  • $198Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 9.95%Return on equity (ROE)
  • 8.60%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 63.16%Credit loss provision to net charge-offs
  • 6.93%Efficiency ratio
  • 59,657Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.53%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 265.05%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 74.25%Net loans and leases to core deposits
  • 79.97%Equity capital to assets
  • 11.64%Core capital (leverage) ratio
  • 11.54%Tier 1 risk-based capital ratio
  • 16.03%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $129,828Average earning assets
  • $14,709Average equity
  • $121,139Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015088First Port City Bank400 West Shotwell Street, Bainbridge, GA 39818October 07, 1974Full Service Brick and Mortar
    2445003Southside Branch1410 Tallahassee Highway, Bainbridge, GA 39819September 21, 2005Full Service Brick and Mortar

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