Frederica Bank & Trust in Saint Simons Island, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 1999

  • Frederica Bank & Trust in Saint Simons Island, Georgia (GA)
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Frederica Bank & Trust - Overview

  • General
  • FDIC Certificate #: 27392
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: Premier Bank (#26307)
    Federal Reserve ID: 1228306
    Date Established: December 12, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 39835
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 12, 1988
    Last Structure Change Effective Date: April 02, 1999
    Last Structure Change Process Date: April 30, 1999
    Last Data Update: April 30, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1709 Frederica Road, Saint Simons Island, GA 31522
    County: Glynn
    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): Brunswick, GA (#15260)
    CBSA Metro Statistical Area: Brunswick, GA (#15260)
  • History of Changes
  • Merger - Without Assistance
    Change in Location
  • Financial Summary
  • Total assets: $81.9 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $77,326Total assets
  • $1,179Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,495Securities
  • $7,940Federal funds sold & reverse repurchase agreements
  • $51,652Net loans & leases
  • $448Loan loss allowance
  • $0Trading account assets
  • $204Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $856All other assets
  • $77,326Total liabilities and capital
  • $69,927Total liabilities
  • $68,892Total deposits
  • $64,747Interest-bearing deposits
  • $68,892Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $635Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $400All other liabilities
  • $7,399Total equity capital
  • $7,399Total bank equity capital
  • $7,399Perpetual preferred stock
  • $0Common stock
  • $2,461Surplus
  • $3,766Undivided profits
  • Memoranda
  • $1,172Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $45Earning assets
  • $0Long-term assets (5+ years)
  • $347Average Assets, year-to-date
  • $75,087Average Assets, quarterly
  • $11,475Volatile liabilities
  • $71,228Insider loans
  • $74,518FHLB advances
  • $21,516Loans and leases held for sale
  • $1,727Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,142Total unused commitments
  • $0Restructured Loans and leases
  • $44,942Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $5,791Total interest income
  • $3,400Total interest expense
  • $2,391Net interest income
  • $55Provision for loan and lease losses
  • $192Total noninterest income
  • $0Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $1,567Total noninterest expense
  • $581Salaries and employee benefits
  • $192Premises and equipment expense
  • $794Additional noninterest expense
  • $961Pre-tax net operating income
  • $10Securities gains (losses)
  • $390Applicable income taxes
  • $581Income before extraordinary items
  • $0Extraordinary gains - net
  • $581Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.41%Yield on earning assets
  • 4.94%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 8.21%Return on equity (ROE)
  • 8.21%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 166.67%Credit loss provision to net charge-offs
  • 30.79%Efficiency ratio
  • 60,666Assets per employee
  • 7.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 995.56%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 74.98%Net loans and leases to core deposits
  • 107.58%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 16.30%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $71,228Average earning assets
  • $7,080Average equity
  • $68,864Average loans

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