First State Bank and Trust Company in Cordele - Overview
General
FDIC Certificate #: 15635 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 528232 Date Established: August 29, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 13479 FDIC's unique #: 9914 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 03, 1939 Last Structure Change Effective Date: April 29, 1998 Last Structure Change Process Date: June 23, 1998 Last Data Update: June 23, 1998 Data Source Date: April 05, 2012
Location
Address: 7th Street At 12th Avenue, Cordele, GA 31015 County: Crisp 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): Cordele, GA (#18380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $91.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
34Total employees (full-time equivalent)
$96,174Total assets
$3,451Cash and due from depository institutions
$98Interest-bearing balances
$16,138Securities
$500Federal funds sold & reverse repurchase agreements
$72,819Net loans & leases
$1,410Loan loss allowance
$0Trading account assets
$1,304Bank premises and fixed assets
$236Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,726All other assets
$96,174Total liabilities and capital
$87,330Total liabilities
$86,673Total deposits
$75,177Interest-bearing deposits
$86,673Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$657All other liabilities
$8,844Total equity capital
$8,844Total bank equity capital
$8,844Perpetual preferred stock
$0Common stock
$1,000Surplus
$2,000Undivided profits
Memoranda
$5,844Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$958Earning assets
$483Long-term assets (5+ years)
$1,034Average Assets, year-to-date
$89,555Average Assets, quarterly
$14,390Volatile liabilities
$96,651Insider loans
$96,422FHLB advances
$17,404Loans and leases held for sale
$261Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,398Total unused commitments
$0Restructured Loans and leases
$71,345Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,257Total interest income
$3,568Total interest expense
$4,689Net interest income
$848Provision for loan and lease losses
$835Total noninterest income
$0Fiduciary activities
$714Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$3,544Total noninterest expense
$1,225Salaries and employee benefits
$356Premises and equipment expense
$1,963Additional noninterest expense
$1,132Pre-tax net operating income
$0Securities gains (losses)
$272Applicable income taxes
$860Income before extraordinary items
$0Extraordinary gains - net
$860Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$397Sale, conversion, retirement of capital stock, net
$1,000Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.15%Yield on earning assets
3.95%Cost of funding earning assets
5.20%Net interest margin
0.93%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
0.89%Net operating income to assets
0.89%Return on assets (ROA)
1.17%Pretax return on assets
9.87%Return on equity (ROE)
-1.61%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
213.60%Credit loss provision to net charge-offs
4.99%Efficiency ratio
64,156Assets per employee
2.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
116.28%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
147.18%Noncurrent assets plus other real estate owned to assets
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