PlantersFIRST in Cordele, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


PlantersFIRST - Overview

  • General
  • FDIC Certificate #: 9064
    Status: Active
    Federal Reserve ID: 300933
    Bank Holding Company (Regulatory Top Holder): Mid State Banks, Inc. (RSSDID: 1081136, Location: Hawkinsville, GA)
    Date Established: January 01, 1896
    WWW: http://www.plantersfirst.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 13916
    FDIC's unique #: 5800
    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: January 01, 1934
    Last Structure Change Effective Date: January 29, 2008
    Last Structure Change Process Date: January 29, 2008
    Last Data Update: January 29, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1620 East Sixteenth Avenue, Cordele, GA 31015
    County: Crisp
    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
    Core Based Statistical Area (CBSA): Cordele, GA (#18380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $288.5 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $269.8 mil
    Return on assets (ROA): 0.28% ($0.8 mil)
    Quarterly return on assets: -0.18% (-$0.5 mil)
    Return on Equity (ROE): 7.20% ($1.1 mil)
    Quarterly return on equity: -3.45% (-$0.5 mil)
    Net income: $0.9 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.28% ($807.8 mil)
    Quarterly Pretax return on assets: -0.18% (-$519.3 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
  • 99Total employees (full-time equivalent)
  • $288,497Total assets
  • $60,125Cash and due from depository institutions
  • $43,406Interest-bearing balances
  • $25,643Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,987Net loans & leases
  • $7,650Loan loss allowance
  • $0Trading account assets
  • $6,392Bank premises and fixed assets
  • $3,588Other real estate owned
  • $0Goodwill and other intangibles
  • $288,497Life insurance assets
  • $12,762All other assets
  • $273,763Total liabilities and capital
  • $269,810Total liabilities
  • $208,377Total deposits
  • $269,810Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,276Trading liabilities
  • $0Other borrowed funds
  • $1,677Subordinated debt
  • $14,734All other liabilities
  • $14,734Total equity capital
  • $14,734Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $20,473Surplus
  • $-7,739Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26,256Income earned, not collected on loans
  • $257Earning assets
  • $1,446Long-term assets (5+ years)
  • $249,036Average Assets, year-to-date
  • $53,188Average Assets, quarterly
  • $299,581Volatile liabilities
  • $288,581Insider loans
  • $192,454FHLB advances
  • $289,606Loans and leases held for sale
  • $9,217Unused loan commitments
  • $5,581Tier 1 (core) risk-based capital
  • $14,145Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,636Total unused commitments
  • $9,229Restructured Loans and leases
  • $1,660Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,904Total interest income
  • $3,109Total interest expense
  • $9,795Net interest income
  • $708Provision for loan and lease losses
  • $2,853Total noninterest income
  • $1Fiduciary activities
  • $2,333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $519Additional noninterest income
  • $11,111Total noninterest expense
  • $5,424Salaries and employee benefits
  • $1,934Premises and equipment expense
  • $3,753Additional noninterest expense
  • $829Pre-tax net operating income
  • $23Securities gains (losses)
  • $0Applicable income taxes
  • $852Income before extraordinary items
  • $0Extraordinary gains - net
  • $852Net income attributable to bank
  • $0Net charge-offs
  • $852Cash dividends
  • $2,045Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 7.20%Return on equity (ROE)
  • 7.20%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 34.62%Credit loss provision to net charge-offs
  • 0.75%Efficiency ratio
  • 87,848Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.08%Loss allowance to noncurrent loans
  • 29.14%Noncurrent assets plus other real estate owned to assets
  • 10.34%Noncurrent loans to loans
  • 13.99%Net loans and leases to deposits
  • 66.71%Net loans and leases to core deposits
  • 71.54%Equity capital to assets
  • 5.11%Core capital (leverage) ratio
  • 4.88%Tier 1 risk-based capital ratio
  • 7.35%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $299,581Average earning assets
  • $11,831Average equity
  • $255,946Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $229Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $229Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $80Fiduciary accounts held in foreign offices

List of branches

  • 8 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05800Plantersfirst1620 East Sixteenth Avenue, Cordele, GA 31015January 01, 1896Full Service Brick and Mortar
    1219367Broad Street Facility408 Broad Street, Hawkinsville, GA 31036Febuary 12, 1973Full Service Brick and Mortar
    510181Ocilla BranchCherry And Fourth Streets, Ocilla, GA 31774January 01, 1907Full Service Brick and Mortar
    6236002Cherry Street Facility107 Cherry Street, Ocilla, GA 31774June 03, 1974Limited Service Facility
    910501Pineview State BranchBay And Pine Streets, Pineview, GA 31071September 20, 1910Full Service Brick and Mortar
    10358327Hawkinsville Branch131 North Jackson Street, Hawkinsville, GA 31036August 24, 2000Full Service Brick and Mortar
    11429745Fitzgerald Main Office Branch2212 East Central Ave, Fitzgerald, GA 31750April 16, 2004Full Service Brick and Mortar
    13462024Sam Numm Boulevard1400 Sam Numm Boulevard, Perry, GA 31069January 08, 2007Full Service Brick and Mortar

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