Sapelo National Bank in Darien, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 15, 2006

  • Sapelo National Bank in Darien, Georgia (GA)
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Sapelo National Bank - Overview

  • General
  • FDIC Certificate #: 34235
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Atlantic Southern Bank (#57213)
    Federal Reserve ID: 2559520
    Date Established: May 29, 1997
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 56994
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 29, 1997
    Last Structure Change Effective Date: December 15, 2006
    Last Structure Change Process Date: January 12, 2007
    Last Data Update: January 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 Northway, Darien, GA 31305
    County: Mcintosh
    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): Brunswick, GA (#15260)
    CBSA Metro Statistical Area: Brunswick, GA (#15260)
  • Financial Summary
  • Total assets: $63.9 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, 2005)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $62,186Total assets
  • $2,290Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,827Securities
  • $12,841Federal funds sold & reverse repurchase agreements
  • $40,076Net loans & leases
  • $452Loan loss allowance
  • $0Trading account assets
  • $2,189Bank premises and fixed assets
  • $96Other real estate owned
  • $929Goodwill and other intangibles
  • $0Life insurance assets
  • $938All other assets
  • $62,186Total liabilities and capital
  • $55,756Total liabilities
  • $53,301Total deposits
  • $47,523Interest-bearing deposits
  • $53,301Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $455All other liabilities
  • $6,430Total equity capital
  • $6,430Total bank equity capital
  • $6,430Perpetual preferred stock
  • $0Common stock
  • $2,310Surplus
  • $2,541Undivided profits
  • Memoranda
  • $1,579Noncurrent loans and leases
  • $9,989Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $395Earning assets
  • $0Long-term assets (5+ years)
  • $221Average Assets, year-to-date
  • $55,744Average Assets, quarterly
  • $164Volatile liabilities
  • $68,337Insider loans
  • $63,581FHLB advances
  • $10,278Loans and leases held for sale
  • $2,433Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,989Total unused commitments
  • $0Restructured Loans and leases
  • $453Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $3,794Total interest income
  • $1,038Total interest expense
  • $2,756Net interest income
  • $108Provision for loan and lease losses
  • $683Total noninterest income
  • $0Fiduciary activities
  • $468Service charges on deposit accounts
  • $0Trading account gains & fees
  • $215Additional noninterest income
  • $2,410Total noninterest expense
  • $1,257Salaries and employee benefits
  • $361Premises and equipment expense
  • $792Additional noninterest expense
  • $921Pre-tax net operating income
  • $0Securities gains (losses)
  • $302Applicable income taxes
  • $619Income before extraordinary items
  • $0Extraordinary gains - net
  • $619Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $102Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.48%Yield on earning assets
  • 1.77%Cost of funding earning assets
  • 4.71%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 10.10%Return on equity (ROE)
  • 10.10%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 105.88%Credit loss provision to net charge-offs
  • 10.09%Efficiency ratio
  • 70,079Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 114.43%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 75.19%Net loans and leases to core deposits
  • 90.01%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 12.44%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $68,337Average earning assets
  • $6,131Average equity
  • $58,563Average loans

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