First Port City Bank in Bainbridge, Georgia (GA)

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First Port City Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)31
Total assets$133,318
Cash and due from depository institutions$17,656
Interest-bearing balances$12,129
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$83,914
Loan loss allowance $2,025
Trading account assets$0
Bank premises and fixed assets$1,725
Other real estate owned$166
Goodwill and other intangibles$0
All other assets$2,396
Life insurance assets$133,318
Total liabilities and capital$117,802
Total liabilities$113,011
Total deposits$94,538
Interest-bearing deposits$113,011
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,548
Other borrowed funds $0
Subordinated debt $1,243
All other liabilities $15,516
Total equity capital$15,516
Total bank equity capital$15,516
Perpetual preferred stock$0
Common stock$756
Undivided profits $5,516
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 $764
Earning assets $0
Long-term assets (5+ years) $723
Average Assets, year-to-date $123,504
Average Assets, quarterly $27,745
Volatile liabilities $129,828
Insider loans $130,689
FHLB advances $93,350
Loans and leases held for sale $129,624
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,962
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,306
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,752
Total interest expense $1,408
Net interest income $4,344
Provision for loan and lease losses $180
Total noninterest income $549
Fiduciary activities $0
Service charges on deposit accounts $325
Trading account gains & fees $0
Additional noninterest income $224
Total noninterest expense $2,919
Salaries and employee benefits $1,491
Premises and equipment expense $324
Additional noninterest expense $1,104
Pre-tax net operating income $1,794
Securities gains (losses) $71
Applicable income taxes $402
Income before extraordinary items $1,463
Extraordinary gains - net $0
Net income attributable to bank $1,463
Net charge-offs $0
Cash dividends $1,463
Sale, conversion, retirement of capital stock, net $285
Net operating income $198
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 1.16%
Net interest margin 3.59%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 2.41%
Net operating income to assets 1.08%
Return on assets (ROA) 1.13%
Pretax return on assets 1.44%
Return on equity (ROE) 9.95%
Retained earnings to average equity (YTD only) 8.60%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 63.16%
Efficiency ratio6.93%
Assets per employee$59,657
Cash dividends to net income (YTD only)4.30%
Condition Ratios (%)
Loss allowance to loans 13.53%
Loss allowance to noncurrent loans 2.36%
Noncurrent assets plus other real estate owned to assets 265.05%
Noncurrent loans to loans 0.70%
Net loans and leases to deposits0.89%
Net loans and leases to core deposits 74.25%
Equity capital to assets 79.97%
Core capital (leverage) ratio 11.64%
Tier 1 risk-based capital ratio 11.54%
Total risk-based capital ratio 16.03%
Average assets$17
Average earning assets$129,828
Average equity $14,709
Average loans $121,139
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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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