First State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 67Total employees (full-time equivalent)
  • $560,039Total assets
  • $2,948Cash and due from depository institutions
  • $444Interest-bearing balances
  • $77,707Securities
  • $20,937Federal funds sold & reverse repurchase agreements
  • $436,768Net loans & leases
  • $7,491Loan loss allowance
  • $0Trading account assets
  • $9,446Bank premises and fixed assets
  • $1,039Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $11,194All other assets
  • $560,039Total liabilities and capital
  • $512,850Total liabilities
  • $487,989Total deposits
  • $409,890Interest-bearing deposits
  • $487,989Deposits held in domestic offices
  • 78.43%% insured (estimated)
  • $7,943Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $1,918All other liabilities
  • $47,189Total equity capital
  • $47,189Total bank equity capital
  • $47,189Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $36,749Undivided profits
  • Memoranda
  • $9,440Noncurrent loans and leases
  • $60,011Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,237Earning assets
  • $0Long-term assets (5+ years)
  • $2,588Average Assets, year-to-date
  • $535,856Average Assets, quarterly
  • $113,064Volatile liabilities
  • $554,511Insider loans
  • $569,704FHLB advances
  • $116,560Loans and leases held for sale
  • $21,244Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60,011Total unused commitments
  • $0Restructured Loans and leases
  • $5,612Derivatives

Income and Expense (December 31, 2009)

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

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 1.74%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 13.09%Return on equity (ROE)
  • 5.96%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 285.10%Credit loss provision to net charge-offs
  • 7.76%Efficiency ratio
  • 38,036Assets per employee
  • 8.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.48%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 231.42%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 89.50%Net loans and leases to core deposits
  • 110.75%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 7.83%Tier 1 risk-based capital ratio
  • 10.20%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $554,511Average earning assets
  • $46,319Average equity
  • $529,022Average loans

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