Northeast Georgia Bank in Lavonia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Northeast Georgia Bank in Lavonia, Georgia (GA)
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Northeast Georgia Bank - Overview

  • General
  • FDIC Certificate #: 15771
    Status: Active
    Federal Reserve ID: 888833
    Bank Holding Company (Regulatory Top Holder): First Security Bankshares, Inc. (RSSDID: 1085572, Location: Lavonia, GA)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 13331
    FDIC's unique #: 10018
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 23, 1940
    Last Structure Change Effective Date: March 06, 2009
    Last Structure Change Process Date: March 09, 2009
    Last Data Update: March 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 69 Augusta Road, Lavonia, GA 30553
    County: Franklin
    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
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $417.3 mil
    Equity capital: $34.7 mil
    Deposits held in domestic offices: $375.1 mil
    Return on assets (ROA): -1.31% (-$5.5 mil)
    Quarterly return on assets: -4.16% (-$17.3 mil)
    Return on Equity (ROE): -15.21% (-$5.3 mil)
    Quarterly return on equity: -48.61% (-$17.0 mil)
    Net income: -$5.6 mil
    Quarterly Net income: -$4.4 mil
    Pretax return on assets: -1.31% (-$5,466.9 mil)
    Quarterly Pretax return on assets: -4.16% (-$17,360.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 107Total employees (full-time equivalent)
  • $417,320Total assets
  • $45,551Cash and due from depository institutions
  • $27,001Interest-bearing balances
  • $76,909Securities
  • $44,189Federal funds sold & reverse repurchase agreements
  • $195,951Net loans & leases
  • $4,993Loan loss allowance
  • $0Trading account assets
  • $13,312Bank premises and fixed assets
  • $13,458Other real estate owned
  • $536Goodwill and other intangibles
  • $417,320Life insurance assets
  • $27,414All other assets
  • $382,607Total liabilities and capital
  • $375,135Total liabilities
  • $340,786Total deposits
  • $375,135Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,230Trading liabilities
  • $0Other borrowed funds
  • $5,242Subordinated debt
  • $34,713All other liabilities
  • $34,713Total equity capital
  • $34,713Total bank equity capital
  • $0Perpetual preferred stock
  • $665Common stock
  • $26,835Surplus
  • $7,213Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,757Income earned, not collected on loans
  • $0Earning assets
  • $1,899Long-term assets (5+ years)
  • $344,050Average Assets, year-to-date
  • $67,987Average Assets, quarterly
  • $430,444Volatile liabilities
  • $422,223Insider loans
  • $269,040FHLB advances
  • $428,025Loans and leases held for sale
  • $8,194Unused loan commitments
  • $4,092Tier 1 (core) risk-based capital
  • $36,496Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,102Total unused commitments
  • $19,138Restructured Loans and leases
  • $1,001Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,196Total interest income
  • $3,719Total interest expense
  • $11,477Net interest income
  • $5,151Provision for loan and lease losses
  • $1,393Total noninterest income
  • $0Fiduciary activities
  • $2,283Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$890Additional noninterest income
  • $14,241Total noninterest expense
  • $5,623Salaries and employee benefits
  • $1,690Premises and equipment expense
  • $6,928Additional noninterest expense
  • -$6,522Pre-tax net operating income
  • $883Securities gains (losses)
  • $1Applicable income taxes
  • -$5,640Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,640Net income attributable to bank
  • $0Net charge-offs
  • -$5,640Cash dividends
  • $6,422Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • -1.52%Net operating income to assets
  • -1.31%Return on assets (ROA)
  • -1.31%Pretax return on assets
  • -15.21%Return on equity (ROE)
  • -15.21%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 80.21%Credit loss provision to net charge-offs
  • -0.21%Efficiency ratio
  • 110,653Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.48%Loss allowance to noncurrent loans
  • 46.42%Noncurrent assets plus other real estate owned to assets
  • 5.80%Noncurrent loans to loans
  • 5.35%Net loans and leases to deposits
  • 52.23%Net loans and leases to core deposits
  • 55.27%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 13.57%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $430,444Average earning assets
  • $37,076Average equity
  • $346,862Average loans

List of branches

  • 14 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010018Northeast Georgia Bank69 Augusta Road, Lavonia, GA 30553January 01, 1934Full Service Brick and Mortar
    2235252Royston Branch155 Franklin Springs Street, Royston, GA 30662June 05, 1978Full Service Brick and Mortar
    3235253Carnesville Branch9535 Lavonia Road, Carnesville, GA 30521October 31, 1988Full Service Brick and Mortar
    411233Braselton Branch5045 Highway 53, Braselton, GA 30517January 01, 1911Full Service Brick and Mortar
    5235254Dills Supermarket Branch12258 Augusta Rd, Lavonia, GA 30553October 19, 1994Limited Service Facility
    6235255Elberton Branch916 Elbert St, Elberton, GA 30635July 07, 1997Full Service Brick and Mortar
    7235256Toccoa Office624 South Big A Road, Toccoa, GA 30577May 10, 1999Full Service Brick and Mortar
    812350Hartwell Branch331 East Franklin Street, Hartwell, GA 30643November 09, 1961Full Service Brick and Mortar
    11245417Quality Foods Supermarket Branch1028 Benson Street, Hartwell, GA 30643September 09, 1996Limited Service Facility
    12419076Hartwell Wal-Mart Branch1421 East Franklin Street, Hartwell, GA 30643March 19, 2003Limited Service Facility
    13423490Commerce Branch30990 Highway 441 South, Commerce, GA 30529December 10, 2003Full Service Brick and Mortar
    14478483Jefferson Branch1775 Old Pendergrass Road, Jefferson, GA 30549December 10, 2007Full Service Brick and Mortar
    15365563Freedom Bank Of Georgia Branch3165 Maysville Road, Commerce, GA 30529Febuary 17, 2004Full Service Brick and Mortar
    17445008Homer Branch185 Oak Street, Homer, GA 30547October 03, 2005Full Service Brick and Mortar

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