First State Bank of Blakely in Blakely, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Blakely - Overview

  • General
  • FDIC Certificate #: 15496
    Status: Active
    Federal Reserve ID: 5135
    Bank Holding Company (Regulatory Top Holder): First State Bancshares Of Blakely, Inc. (RSSDID: 1139840, Location: Blakely, GA)
    Date Established: January 01, 1903
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 14097
    FDIC's unique #: 9798
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 218 South Main Street, Blakely, GA 39823
    County: Early
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $362.8 mil
    Equity capital: $39.6 mil
    Deposits held in domestic offices: $300.2 mil
    Return on assets (ROA): 0.91% ($3.3 mil)
    Quarterly return on assets: 0.87% ($3.2 mil)
    Return on Equity (ROE): 7.98% ($3.2 mil)
    Quarterly return on equity: 7.89% ($3.2 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.36% ($4,933.6 mil)
    Quarterly Pretax return on assets: 1.33% ($4,824.8 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
  • 62Total employees (full-time equivalent)
  • $362,765Total assets
  • $76,662Cash and due from depository institutions
  • $73,824Interest-bearing balances
  • $27,813Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $240,584Net loans & leases
  • $3,678Loan loss allowance
  • $0Trading account assets
  • $4,890Bank premises and fixed assets
  • $280Other real estate owned
  • $1,042Goodwill and other intangibles
  • $362,765Life insurance assets
  • $11,494All other assets
  • $323,140Total liabilities and capital
  • $300,183Total liabilities
  • $255,544Total deposits
  • $300,183Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,779Trading liabilities
  • $0Other borrowed funds
  • $1,178Subordinated debt
  • $39,625All other liabilities
  • $39,625Total equity capital
  • $39,625Total bank equity capital
  • $0Perpetual preferred stock
  • $651Common stock
  • $19,349Surplus
  • $19,625Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,076Income earned, not collected on loans
  • $0Earning assets
  • $4,031Long-term assets (5+ years)
  • $342,221Average Assets, year-to-date
  • $32,521Average Assets, quarterly
  • $336,437Volatile liabilities
  • $356,532Insider loans
  • $245,877FHLB advances
  • $362,513Loans and leases held for sale
  • $3,588Unused loan commitments
  • $3,588Tier 1 (core) risk-based capital
  • $38,456Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,079Restructured Loans and leases
  • $12,304Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,837Total interest income
  • $3,372Total interest expense
  • $12,465Net interest income
  • $900Provision for loan and lease losses
  • $1,502Total noninterest income
  • $0Fiduciary activities
  • $1,096Service charges on deposit accounts
  • $0Trading account gains & fees
  • $406Additional noninterest income
  • $8,498Total noninterest expense
  • $3,829Salaries and employee benefits
  • $802Premises and equipment expense
  • $3,867Additional noninterest expense
  • $4,569Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,510Applicable income taxes
  • $3,059Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,059Net income attributable to bank
  • $0Net charge-offs
  • $3,059Cash dividends
  • $596Sale, conversion, retirement of capital stock, net
  • $521Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 7.98%Return on equity (ROE)
  • 6.62%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 151.01%Credit loss provision to net charge-offs
  • 9.18%Efficiency ratio
  • 60,843Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.03%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 177.17%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 80.15%Net loans and leases to core deposits
  • 102.92%Equity capital to assets
  • 10.92%Core capital (leverage) ratio
  • 10.61%Tier 1 risk-based capital ratio
  • 15.64%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $336,437Average earning assets
  • $38,333Average equity
  • $315,652Average loans

List of branches

  • 7 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09798First State Bank Of Blakely218 South Main Street, Blakely, GA 39823January 01, 1903Full Service Brick and Mortar
    29688Arlington Branch159 North Highland Avenue, Arlington, GA 39813January 01, 1934Full Service Brick and Mortar
    342199Donalsonville Branch200 South Morris Avenue, Donalsonville, GA 39845January 01, 1934Full Service Brick and Mortar
    4274775Albany Branch2101 North Slappey Boulevard, Albany, GA 31706July 17, 1997Full Service Brick and Mortar
    5274776Colquitt Branch106 West Crawford Street, Colquitt, GA 39837August 07, 1995Full Service Brick and Mortar
    6419880Leesburg Branch114 South Walnut Street, Leesburg, GA 31763March 24, 2003Full Service Brick and Mortar
    7510745Bainbridge Branch1200 E Shotwell St, Bainbridge, GA 39819May 27, 2010Full Service Brick and Mortar

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

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