Pineland State Bank in Metter, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pineland State Bank - Overview

  • General
  • FDIC Certificate #: 18605
    Status: Active
    Federal Reserve ID: 882130
    Bank Holding Company (Regulatory Top Holder): South Banking Company (RSSDID: 1081622, Location: Alma, GA)
    Date Established: September 08, 1959
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 12490
    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: October 15, 1962
    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: 257 North Broad Street, Metter, GA 30439
    County: Candler
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.2 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $49.5 mil
    Return on assets (ROA): -0.39% (-$0.2 mil)
    Quarterly return on assets: -1.00% (-$0.6 mil)
    Return on Equity (ROE): -4.01% (-$0.2 mil)
    Quarterly return on equity: -10.16% (-$0.5 mil)
    Net income: -$0.2 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.76% (-$419.7 mil)
    Quarterly Pretax return on assets: -1.96% (-$1,082.5 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
  • 20Total employees (full-time equivalent)
  • $55,229Total assets
  • $14,338Cash and due from depository institutions
  • $13,362Interest-bearing balances
  • $3,177Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $31,780Net loans & leases
  • $683Loan loss allowance
  • $0Trading account assets
  • $844Bank premises and fixed assets
  • $2,672Other real estate owned
  • $0Goodwill and other intangibles
  • $55,229Life insurance assets
  • $2,418All other assets
  • $49,735Total liabilities and capital
  • $49,473Total liabilities
  • $42,782Total deposits
  • $49,473Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $262Subordinated debt
  • $5,494All other liabilities
  • $5,494Total equity capital
  • $5,494Total bank equity capital
  • $0Perpetual preferred stock
  • $355Common stock
  • $5,900Surplus
  • $-761Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,840Income earned, not collected on loans
  • $0Earning assets
  • $320Long-term assets (5+ years)
  • $48,319Average Assets, year-to-date
  • $5,331Average Assets, quarterly
  • $58,952Volatile liabilities
  • $57,079Insider loans
  • $35,904FHLB advances
  • $57,034Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,154Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $834Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,577Total interest income
  • $540Total interest expense
  • $2,037Net interest income
  • $45Provision for loan and lease losses
  • -$234Total noninterest income
  • $0Fiduciary activities
  • $369Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$603Additional noninterest income
  • $2,258Total noninterest expense
  • $1,022Salaries and employee benefits
  • $220Premises and equipment expense
  • $1,016Additional noninterest expense
  • -$500Pre-tax net operating income
  • $54Securities gains (losses)
  • -$217Applicable income taxes
  • -$229Income before extraordinary items
  • $0Extraordinary gains - net
  • -$229Net income attributable to bank
  • $0Net charge-offs
  • -$229Cash dividends
  • $524Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.93%Net interest margin
  • -0.45%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • -0.45%Net operating income to assets
  • -0.39%Return on assets (ROA)
  • -0.76%Pretax return on assets
  • -4.01%Return on equity (ROE)
  • -4.01%Retained earnings to average equity (YTD only)
  • 1.46%Net charge-offs to loans
  • 8.59%Credit loss provision to net charge-offs
  • -0.87%Efficiency ratio
  • 125,236Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 17.79%Noncurrent assets plus other real estate owned to assets
  • 11.79%Noncurrent loans to loans
  • 11.83%Net loans and leases to deposits
  • 64.24%Net loans and leases to core deposits
  • 65.43%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $58,952Average earning assets
  • $5,706Average equity
  • $51,895Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012490Pineland State Bank257 North Broad Street, Metter, GA 30439September 08, 1959Full Service Brick and Mortar
    1245863Lanier Street Branch200 Lanier Street, Metter, GA 30439July 15, 1998Full Service Brick and Mortar
    213670Cobbtown36685 Hwy 23, Cobbtown, GA 30420April 10, 1946Full Service Brick and Mortar

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