LaGrange Banking Company in Lagrange, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


LaGrange Banking Company - Overview

  • General
  • FDIC Certificate #: 58670
    Status: Active
    Federal Reserve ID: 3686982
    Date Established: January 23, 2008
    WWW: http://www.lagrangebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 462440
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 23, 2008
    Last Structure Change Effective Date: October 13, 2009
    Last Structure Change Process Date: November 17, 2009
    Last Data Update: November 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Calumet Center Road, Lagrange, GA 30241
    County: Troup
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): LaGrange, GA (#29300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $112.5 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $98.0 mil
    Return on assets (ROA): 1.92% ($2.2 mil)
    Quarterly return on assets: 3.95% ($4.5 mil)
    Return on Equity (ROE): 16.42% ($2.1 mil)
    Quarterly return on equity: 33.58% ($4.4 mil)
    Net income: $2.0 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.10% ($1,238.0 mil)
    Quarterly Pretax return on assets: 0.85% ($956.6 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
  • 23Total employees (full-time equivalent)
  • $112,545Total assets
  • $17,214Cash and due from depository institutions
  • $3,895Interest-bearing balances
  • $13,976Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $71,908Net loans & leases
  • $1,035Loan loss allowance
  • $0Trading account assets
  • $5,645Bank premises and fixed assets
  • $25Other real estate owned
  • $0Goodwill and other intangibles
  • $112,545Life insurance assets
  • $3,777All other assets
  • $99,235Total liabilities and capital
  • $98,046Total liabilities
  • $79,915Total deposits
  • $98,046Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $189Subordinated debt
  • $13,310All other liabilities
  • $13,310Total equity capital
  • $13,310Total bank equity capital
  • $0Perpetual preferred stock
  • $6,944Common stock
  • $8,038Surplus
  • $-1,672Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,621Income earned, not collected on loans
  • $0Earning assets
  • $367Long-term assets (5+ years)
  • $89,779Average Assets, year-to-date
  • $16,254Average Assets, quarterly
  • $103,288Volatile liabilities
  • $108,974Insider loans
  • $75,982FHLB advances
  • $109,943Loans and leases held for sale
  • $2,000Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $12,837Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,925Restructured Loans and leases
  • $5,420Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,194Total interest income
  • $905Total interest expense
  • $4,289Net interest income
  • $354Provision for loan and lease losses
  • $372Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $270Additional noninterest income
  • $3,343Total noninterest expense
  • $1,413Salaries and employee benefits
  • $503Premises and equipment expense
  • $1,427Additional noninterest expense
  • $964Pre-tax net operating income
  • $172Securities gains (losses)
  • -$843Applicable income taxes
  • $1,979Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,979Net income attributable to bank
  • $0Net charge-offs
  • $1,979Cash dividends
  • $405Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.68%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.92%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 16.42%Return on equity (ROE)
  • 16.42%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 87.41%Credit loss provision to net charge-offs
  • 3.25%Efficiency ratio
  • 71,723Assets per employee
  • 4.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 39.49%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 3.59%Net loans and leases to deposits
  • 73.34%Net loans and leases to core deposits
  • 74.84%Equity capital to assets
  • 11.83%Core capital (leverage) ratio
  • 11.68%Tier 1 risk-based capital ratio
  • 16.89%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $103,288Average earning assets
  • $12,050Average equity
  • $91,598Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0462440Lagrange Banking Company101 Calumet Center Road, Lagrange, GA 30241January 23, 2008Full Service Brick and Mortar
    1497278West Haralson Branch206 West Haralson Street, Lagrange, GA 30240October 13, 2009Full Service Brick and Mortar

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