Oconee State Bank in Watkinsville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Oconee State Bank - Overview

  • General
  • FDIC Certificate #: 18143
    Status: Active
    Federal Reserve ID: 573036
    Bank Holding Company (Regulatory Top Holder): Oconee Financial Corporation (RSSDID: 2729499, Location: Watkinsville, GA)
    Date Established: Febuary 01, 1960
    WWW: http://www.oconeestatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11902
    FDIC's unique #: 12064
    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: Febuary 01, 1960
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 35 North Main Street, Watkinsville, GA 30677
    County: Oconee
    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
    Metropolitan Statistical Area (MSA): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $259.1 mil
    Equity capital: $22.1 mil
    Deposits held in domestic offices: $236.6 mil
    Return on assets (ROA): -0.79% (-$2.0 mil)
    Quarterly return on assets: -2.66% (-$6.9 mil)
    Return on Equity (ROE): -9.19% (-$2.0 mil)
    Quarterly return on equity: -29.78% (-$6.6 mil)
    Net income: -$2.1 mil
    Quarterly Net income: -$1.7 mil
    Pretax return on assets: -0.83% (-$2,150.9 mil)
    Quarterly Pretax return on assets: -2.57% (-$6,659.9 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
  • 74Total employees (full-time equivalent)
  • $259,142Total assets
  • $18,194Cash and due from depository institutions
  • $15,972Interest-bearing balances
  • $83,374Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $142,250Net loans & leases
  • $2,760Loan loss allowance
  • $0Trading account assets
  • $5,646Bank premises and fixed assets
  • $6,611Other real estate owned
  • $0Goodwill and other intangibles
  • $259,142Life insurance assets
  • $3,067All other assets
  • $237,036Total liabilities and capital
  • $236,620Total liabilities
  • $202,589Total deposits
  • $236,620Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $416Subordinated debt
  • $22,106All other liabilities
  • $22,106Total equity capital
  • $22,106Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $26,200Surplus
  • $-5,894Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,028Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,233Income earned, not collected on loans
  • $0Earning assets
  • $878Long-term assets (5+ years)
  • $241,596Average Assets, year-to-date
  • $84,597Average Assets, quarterly
  • $268,392Volatile liabilities
  • $259,428Insider loans
  • $159,252FHLB advances
  • $264,676Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,108Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,479Restructured Loans and leases
  • $2,239Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,886Total interest income
  • $2,167Total interest expense
  • $8,719Net interest income
  • $4,250Provision for loan and lease losses
  • $1,872Total noninterest income
  • $0Fiduciary activities
  • $844Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,028Additional noninterest income
  • $8,735Total noninterest expense
  • $4,358Salaries and employee benefits
  • $1,098Premises and equipment expense
  • $3,279Additional noninterest expense
  • -$2,394Pre-tax net operating income
  • $174Securities gains (losses)
  • -$100Applicable income taxes
  • -$2,120Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,120Net income attributable to bank
  • $0Net charge-offs
  • -$2,120Cash dividends
  • $5,018Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • -0.85%Net operating income to assets
  • -0.79%Return on assets (ROA)
  • -0.83%Pretax return on assets
  • -9.19%Return on equity (ROE)
  • -9.19%Retained earnings to average equity (YTD only)
  • 3.23%Net charge-offs to loans
  • 84.70%Credit loss provision to net charge-offs
  • 0.37%Efficiency ratio
  • 82,476Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 20.86%Noncurrent assets plus other real estate owned to assets
  • 7.66%Noncurrent loans to loans
  • 9.13%Net loans and leases to deposits
  • 60.12%Net loans and leases to core deposits
  • 62.48%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 7.22%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $268,392Average earning assets
  • $23,073Average equity
  • $248,931Average loans

List of branches

  • 5 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012064Oconee State Bank35 North Main Street, Watkinsville, GA 30677Febuary 01, 1960Full Service Brick and Mortar
    1244020Bogart Branch2441 Monroe Highway, Bogart, GA 30622November 28, 1983Full Service Brick and Mortar
    2244021Butler's Crossing Branch2000 Experiment Station Road, Watkinsville, GA 30677December 30, 1985Full Service Brick and Mortar
    3244022Mortgage Office BranchDurham Street, Unit 10, Oakhill Office Condominiums, Watkinsville, GA 30677January 15, 1993Limited Service Loan Production
    4294916East Athens Branch4375 Lexington Road, Athens, GA 30605January 24, 2000Full Service Retail

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