First State Bank of Donalsonville in Donalsonville, Georgia (GA)



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First State Bank of Donalsonville
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$84,511
Cash and due from depository institutions$2,542
Interest-bearing balances$23
Securities$21,344
Federal funds sold & reverse repurchase agreements$2,196
Net loans & leases$52,443
Loan loss allowance $712
Trading account assets$0
Bank premises and fixed assets$2,173
Other real estate owned$506
Goodwill and other intangibles$662
All other assets$2,645
Life insurance assets$0
Total liabilities and capital$84,511
Total liabilities$76,844
Total deposits$64,268
Interest-bearing deposits$59,041
Deposits held in domestic offices$64,268
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $12,000
Subordinated debt $0
All other liabilities $576
Total equity capital$7,667
Total bank equity capital$7,667
Perpetual preferred stock$7,667
Common stock$0
Surplus$351
Undivided profits $7,311
Memoranda
Noncurrent loans and leases $5
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,374
Income earned, not collected on loans $0
Earning assets $1,060
Long-term assets (5+ years) $121
Average Assets, year-to-date $989
Average Assets, quarterly $76,006
Volatile liabilities $4,281
Insider loans $87,705
FHLB advances $84,234
Loans and leases held for sale $16,466
Unused loan commitments $1,855
Tier 1 (core) risk-based capital $12,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,374
Restructured Loans and leases $288
Derivatives$680
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $6,613
Total interest expense $4,167
Net interest income $2,446
Provision for loan and lease losses $331
Total noninterest income $478
Fiduciary activities $0
Service charges on deposit accounts $404
Trading account gains & fees $0
Additional noninterest income $74
Total noninterest expense $2,241
Salaries and employee benefits $905
Premises and equipment expense $390
Additional noninterest expense $946
Pre-tax net operating income $352
Securities gains (losses) -$5
Applicable income taxes $136
Income before extraordinary items $211
Extraordinary gains - net $0
Net income attributable to bank $211
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $406
Net operating income $0
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.28%
Cost of funding earning assets 5.22%
Net interest margin 3.06%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 2.81%
Net operating income to assets 0.24%
Return on assets (ROA) 0.24%
Pretax return on assets 0.40%
Return on equity (ROE) 2.79%
Retained earnings to average equity (YTD only) 2.79%
Net charge-offs to loans 0.75%
Credit loss provision to net charge-offs 81.53%
Efficiency ratio1.68%
Assets per employee$74,282
Cash dividends to net income (YTD only)3.25%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.34%
Noncurrent assets plus other real estate owned to assets 67.17%
Noncurrent loans to loans 1.85%
Net loans and leases to deposits1.99%
Net loans and leases to core deposits 81.60%
Equity capital to assets 109.71%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 8.21%
Total risk-based capital ratio 12.70%
Memoranda
Average assets$14
Average earning assets$87,705
Average equity $7,576
Average loans $79,820
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