FDIC Certificate #: 29365 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Blakely (#15496) Federal Reserve ID: 166072 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 3342 FDIC's unique #: 42199 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 27, 1935 Last Structure Change Effective Date: November 13, 2002 Last Structure Change Process Date: December 19, 2002 Last Data Update: December 19, 2002 Data Source Date: April 05, 2012
Location
Address: 200 South Morris Avenue, Donalsonville, GA 31745 County: Seminole 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
Financial Summary
Total assets: $80.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
26Total employees (full-time equivalent)
$84,511Total assets
$2,542Cash and due from depository institutions
$23Interest-bearing balances
$21,344Securities
$2,196Federal funds sold & reverse repurchase agreements
$52,443Net loans & leases
$712Loan loss allowance
$0Trading account assets
$2,173Bank premises and fixed assets
$506Other real estate owned
$662Goodwill and other intangibles
$0Life insurance assets
$2,645All other assets
$84,511Total liabilities and capital
$76,844Total liabilities
$64,268Total deposits
$59,041Interest-bearing deposits
$64,268Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$576All other liabilities
$7,667Total equity capital
$7,667Total bank equity capital
$7,667Perpetual preferred stock
$0Common stock
$351Surplus
$7,311Undivided profits
Memoranda
$5Noncurrent loans and leases
$6,374Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,060Earning assets
$121Long-term assets (5+ years)
$989Average Assets, year-to-date
$76,006Average Assets, quarterly
$4,281Volatile liabilities
$87,705Insider loans
$84,234FHLB advances
$16,466Loans and leases held for sale
$1,855Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,374Total unused commitments
$288Restructured Loans and leases
$680Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$6,613Total interest income
$4,167Total interest expense
$2,446Net interest income
$331Provision for loan and lease losses
$478Total noninterest income
$0Fiduciary activities
$404Service charges on deposit accounts
$0Trading account gains & fees
$74Additional noninterest income
$2,241Total noninterest expense
$905Salaries and employee benefits
$390Premises and equipment expense
$946Additional noninterest expense
$352Pre-tax net operating income
-$5Securities gains (losses)
$136Applicable income taxes
$211Income before extraordinary items
$0Extraordinary gains - net
$211Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$406Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.28%Yield on earning assets
5.22%Cost of funding earning assets
3.06%Net interest margin
0.60%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
0.24%Net operating income to assets
0.24%Return on assets (ROA)
0.40%Pretax return on assets
2.79%Return on equity (ROE)
2.79%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
81.53%Credit loss provision to net charge-offs
1.68%Efficiency ratio
74,282Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
67.17%Noncurrent assets plus other real estate owned to assets
1.85%Noncurrent loans to loans
1.99%Net loans and leases to deposits
81.60%Net loans and leases to core deposits
109.71%Equity capital to assets
9.07%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
12.70%Total risk-based capital ratio
Memoranda
$14Average assets
$87,705Average earning assets
$7,576Average equity
$79,820Average loans
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