Piedmont Community Bank in Gray, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 2011

Piedmont Community Bank - Overview

  • General
  • FDIC Certificate #: 57256
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: State Bank and Trust Company (#57870)
    Federal Reserve ID: 3128914
    Date Established: July 22, 2002
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 360191
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 22, 2002
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: October 17, 2011
    Last Data Update: October 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 Highway 18 Connector, Gray, GA 31032
    County: Jones
    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): Macon, GA (#31420)
    CBSA Metro Statistical Area: Macon, GA (#31420)
  • Financial Summary
  • Total assets: $199.0 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, 2010)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $219,265Total assets
  • $4,831Cash and due from depository institutions
  • $2,111Interest-bearing balances
  • $30,788Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,759Net loans & leases
  • $5,333Loan loss allowance
  • $0Trading account assets
  • $6,132Bank premises and fixed assets
  • $29,972Other real estate owned
  • $0Goodwill and other intangibles
  • $4,013Life insurance assets
  • $6,783All other assets
  • $219,265Total liabilities and capital
  • $209,910Total liabilities
  • $191,333Total deposits
  • $186,533Interest-bearing deposits
  • $191,333Deposits held in domestic offices
  • 97.62%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,900Other borrowed funds
  • $0Subordinated debt
  • $677All other liabilities
  • $9,355Total equity capital
  • $9,355Total bank equity capital
  • $9,355Perpetual preferred stock
  • $0Common stock
  • $6,795Surplus
  • $13,264Undivided profits
  • Memoranda
  • $-10,704Noncurrent loans and leases
  • $5,764Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,893Earning assets
  • $0Long-term assets (5+ years)
  • $1,269Average Assets, year-to-date
  • $173,658Average Assets, quarterly
  • $34,381Volatile liabilities
  • $231,717Insider loans
  • $220,306FHLB advances
  • $39,730Loans and leases held for sale
  • $2,638Unused loan commitments
  • $17,900Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,764Total unused commitments
  • $2,187Restructured Loans and leases
  • $2,254Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $8,516Total interest income
  • $4,803Total interest expense
  • $3,713Net interest income
  • $3,760Provision for loan and lease losses
  • $672Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $434Additional noninterest income
  • $6,734Total noninterest expense
  • $1,652Salaries and employee benefits
  • $426Premises and equipment expense
  • $4,656Additional noninterest expense
  • -$6,109Pre-tax net operating income
  • $475Securities gains (losses)
  • $655Applicable income taxes
  • -$6,289Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,289Net income attributable to bank
  • $0Net charge-offs
  • -$6,289Cash dividends
  • $2,783Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.44%Yield on earning assets
  • 2.50%Cost of funding earning assets
  • 1.93%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • -2.92%Net operating income to assets
  • -2.71%Return on assets (ROA)
  • -2.43%Pretax return on assets
  • -49.12%Return on equity (ROE)
  • -49.12%Retained earnings to average equity (YTD only)
  • 1.77%Net charge-offs to loans
  • 135.11%Credit loss provision to net charge-offs
  • -0.84%Efficiency ratio
  • 153,569Assets per employee
  • 8.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.65%Loss allowance to noncurrent loans
  • 18.46%Noncurrent assets plus other real estate owned to assets
  • 26.85%Noncurrent loans to loans
  • 19.78%Net loans and leases to deposits
  • 73.57%Net loans and leases to core deposits
  • 92.85%Equity capital to assets
  • 4.27%Core capital (leverage) ratio
  • 4.23%Tier 1 risk-based capital ratio
  • 5.25%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $231,717Average earning assets
  • $12,804Average equity
  • $191,918Average loans

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