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- Banks in Georgia (GA)
- Frederica Bank & Trust
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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- Banks in Georgia (GA)
- Frederica Bank & Trust
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