LaGrange Banking Company in Lagrange, Georgia (GA)

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LaGrange Banking Company routing number info

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LaGrange Banking Company
GeneralFDIC Certificate #: 58670
Status: Active
Federal Reserve ID: 3686982
Date Established: January 23, 2008
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)23
Total assets$112,545
Cash and due from depository institutions$17,214
Interest-bearing balances$3,895
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$71,908
Loan loss allowance $1,035
Trading account assets$0
Bank premises and fixed assets$5,645
Other real estate owned$25
Goodwill and other intangibles$0
All other assets$3,777
Life insurance assets$112,545
Total liabilities and capital$99,235
Total liabilities$98,046
Total deposits$79,915
Interest-bearing deposits$98,046
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $189
All other liabilities $13,310
Total equity capital$13,310
Total bank equity capital$13,310
Perpetual preferred stock$0
Common stock$6,944
Undivided profits $-1,672
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,621
Earning assets $0
Long-term assets (5+ years) $367
Average Assets, year-to-date $89,779
Average Assets, quarterly $16,254
Volatile liabilities $103,288
Insider loans $108,974
FHLB advances $75,982
Loans and leases held for sale $109,943
Unused loan commitments $2,000
Tier 1 (core) risk-based capital $2,000
Tier 2 risk-based capital $12,837
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,925
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,194
Total interest expense $905
Net interest income $4,289
Provision for loan and lease losses $354
Total noninterest income $372
Fiduciary activities $0
Service charges on deposit accounts $102
Trading account gains & fees $0
Additional noninterest income $270
Total noninterest expense $3,343
Salaries and employee benefits $1,413
Premises and equipment expense $503
Additional noninterest expense $1,427
Pre-tax net operating income $964
Securities gains (losses) $172
Applicable income taxes -$843
Income before extraordinary items $1,979
Extraordinary gains - net $0
Net income attributable to bank $1,979
Net charge-offs $0
Cash dividends $1,979
Sale, conversion, retirement of capital stock, net $405
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.67%
Cost of funding earning assets 0.99%
Net interest margin 4.68%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 3.65%
Net operating income to assets 1.75%
Return on assets (ROA) 1.92%
Pretax return on assets 1.10%
Return on equity (ROE) 16.42%
Retained earnings to average equity (YTD only) 16.42%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 87.41%
Efficiency ratio3.25%
Assets per employee$71,723
Cash dividends to net income (YTD only)4.89%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 39.49%
Noncurrent loans to loans 2.35%
Net loans and leases to deposits3.59%
Net loans and leases to core deposits 73.34%
Equity capital to assets 74.84%
Core capital (leverage) ratio 11.83%
Tier 1 risk-based capital ratio 11.68%
Total risk-based capital ratio 16.89%
Average assets$18
Average earning assets$103,288
Average equity $12,050
Average loans $91,598
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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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