First State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)



Show street view No street view available for this location
Table of contents:
First State Bank and Trust Company of Valdosta
GeneralFDIC Certificate #: 10073
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 103536
Date Established: March 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 6441
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 14, 2010
Last Data Update: June 14, 2010
Data Source Date: April 05, 2012
LocationAddress: 3650 Inner Perimeter Road, Valdosta, GA 31602
County: Lowndes
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): Valdosta, GA (#46660)
CBSA Metro Statistical Area: Valdosta, GA (#46660)
Financial SummaryTotal assets: $578.1 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)67
Total assets$560,039
Cash and due from depository institutions$2,948
Interest-bearing balances$444
Securities$77,707
Federal funds sold & reverse repurchase agreements$20,937
Net loans & leases$436,768
Loan loss allowance $7,491
Trading account assets$0
Bank premises and fixed assets$9,446
Other real estate owned$1,039
Goodwill and other intangibles$0
All other assets$11,194
Life insurance assets$0
Total liabilities and capital$560,039
Total liabilities$512,850
Total deposits$487,989
Interest-bearing deposits$409,890
Deposits held in domestic offices$487,989
% insured (estimated)78.43%
Federal funds purchased & repurchase agreements $7,943
Trading liabilities$0
Other borrowed funds $15,000
Subordinated debt $0
All other liabilities $1,918
Total equity capital$47,189
Total bank equity capital$47,189
Perpetual preferred stock$47,189
Common stock$0
Surplus$1,000
Undivided profits $36,749
Memoranda
Noncurrent loans and leases $9,440
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $60,011
Income earned, not collected on loans $0
Earning assets $3,237
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,588
Average Assets, quarterly $535,856
Volatile liabilities $113,064
Insider loans $554,511
FHLB advances $569,704
Loans and leases held for sale $116,560
Unused loan commitments $21,244
Tier 1 (core) risk-based capital $15,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $60,011
Restructured Loans and leases $0
Derivatives$5,612
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $27,132
Total interest expense $6,421
Net interest income $20,711
Provision for loan and lease losses $5,511
Total noninterest income $3,511
Fiduciary activities $0
Service charges on deposit accounts $2,451
Trading account gains & fees $0
Additional noninterest income $1,060
Total noninterest expense $9,213
Salaries and employee benefits $3,612
Premises and equipment expense $856
Additional noninterest expense $4,745
Pre-tax net operating income $9,498
Securities gains (losses) $112
Applicable income taxes $3,549
Income before extraordinary items $6,061
Extraordinary gains - net $0
Net income attributable to bank $6,061
Net charge-offs $0
Cash dividends $6,061
Sale, conversion, retirement of capital stock, net $1,933
Net operating income $3,302
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.13%
Cost of funding earning assets 1.21%
Net interest margin 3.91%
Noninterest income to earning assets 0.66%
Noninterest expense to earning assets 1.74%
Net operating income to assets 1.08%
Return on assets (ROA) 1.09%
Pretax return on assets 1.73%
Return on equity (ROE) 13.09%
Retained earnings to average equity (YTD only) 5.96%
Net charge-offs to loans 0.43%
Credit loss provision to net charge-offs 285.10%
Efficiency ratio7.76%
Assets per employee$38,036
Cash dividends to net income (YTD only)8.36%
Condition Ratios (%)
Loss allowance to loans 54.48%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 231.42%
Noncurrent loans to loans 0.76%
Net loans and leases to deposits0.73%
Net loans and leases to core deposits 89.50%
Equity capital to assets 110.75%
Core capital (leverage) ratio 8.43%
Tier 1 risk-based capital ratio 7.83%
Total risk-based capital ratio 10.20%
Memoranda
Average assets$11
Average earning assets$554,511
Average equity $46,319
Average loans $529,022
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First State Bank and Trust Company of Valdosta.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.