Middle Georgia Bank in Byron, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1996

Middle Georgia Bank in Byron, Georgia (GA)
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Middle Georgia Bank - Overview

General
FDIC Certificate #: 18692
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Liberty Bank (#29568)
Federal Reserve ID: 115137
Date Established: Febuary 04, 1963
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 12563
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: Febuary 04, 1963
Last Structure Change Effective Date: November 15, 1996
Last Structure Change Process Date: December 10, 1996
Last Data Update: December 10, 1996
Data Source Date: April 05, 2012
Location
Address: Georgia Highway 49, Byron, GA 31008
County: Peach
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
Metropolitan Statistical Area (MSA): Macon, GA (#4680)
Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356)
Core Based Statistical Area (CBSA): Fort Valley, GA (#22980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $110.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$35Total assets
$111,989Cash and due from depository institutions
$8,306Interest-bearing balances
$4,572Securities
$35,122Federal funds sold & reverse repurchase agreements
$2,510Net loans & leases
$62,137Loan loss allowance
$1,818Trading account assets
$0Bank premises and fixed assets
$1,405Other real estate owned
$391Goodwill and other intangibles
$2,118Life insurance assets
$0All other assets
$0Total liabilities and capital
$111,989Total liabilities
$102,609Total deposits
$100,613Interest-bearing deposits
$92,587Deposits held in domestic offices
100613.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,265Subordinated debt
$0All other liabilities
$731Total equity capital
$731Total bank equity capital
$9,380Perpetual preferred stock
$0Common stock
$200Surplus
$3,800Undivided profits
Memoranda
$5,380Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,828Income earned, not collected on loans
$843Earning assets
$104,341Long-term assets (5+ years)
$12,412Average Assets, year-to-date
$107,448Average Assets, quarterly
$110,946Volatile liabilities
$15,334Insider loans
$941FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,617Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,276Total risk weighted assets
$66,478Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$9,545Total interest expense
$5,189Net interest income
$4,356Provision for loan and lease losses
$925Total noninterest income
$606Fiduciary activities
$0Service charges on deposit accounts
$441Trading account gains & fees
$0Additional noninterest income
$165Total noninterest expense
$2,310Salaries and employee benefits
$1,142Premises and equipment expense
$281Additional noninterest expense
$887Pre-tax net operating income
$1,727Securities gains (losses)
-$64Applicable income taxes
$387Income before extraordinary items
$1,276Extraordinary gains - net
$0Net income attributable to bank
$1,276Net charge-offs
$478Cash dividends
$180Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.54%Cost of funding earning assets
5.19%Net interest margin
4.35%Noninterest income to earning assets
0.61%Noninterest expense to earning assets
2.31%Net operating income to assets
1.23%Return on assets (ROA)
1.19%Pretax return on assets
1.55%Return on equity (ROE)
14.59%Retained earnings to average equity (YTD only)
12.53%Net charge-offs to loans
0.75%Credit loss provision to net charge-offs
193.51%Efficiency ratio
46,554Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.11%Loss allowance to loans
2.84%Loss allowance to noncurrent loans
99.45%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
2.86%Net loans and leases to deposits
61.76%Net loans and leases to core deposits
72.80%Equity capital to assets
8.38%Core capital (leverage) ratio
8.25%Tier 1 risk-based capital ratio
13.95%Total risk-based capital ratio
Memoranda
$15Average assets
$107,448Average earning assets
$8,748Average equity
$100,044Average loans

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