Security Bank of Bibb County in Macon, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2009

  • Security Bank of Bibb County in Macon, Georgia (GA)
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Security Bank of Bibb County - Overview

  • General
  • FDIC Certificate #: 27367
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: State Bank and Trust Company (#57870)
    Federal Reserve ID: 1221558
    Date Established: November 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 10176
    FDIC's unique #: 39687
    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: November 04, 1988
    Last Structure Change Effective Date: July 24, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 4219 Forsyth Road, Macon, GA 31208
    County: Bibb
    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): 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)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $943.7 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, 2008)

  • Dollar figures in thousands
  • 137Total employees (full-time equivalent)
  • $1,231,751Total assets
  • $84,754Cash and due from depository institutions
  • $66,275Interest-bearing balances
  • $134,940Securities
  • $246Federal funds sold & reverse repurchase agreements
  • $913,772Net loans & leases
  • $31,658Loan loss allowance
  • $0Trading account assets
  • $19,589Bank premises and fixed assets
  • $37,381Other real estate owned
  • $1,869Goodwill and other intangibles
  • $5,763Life insurance assets
  • $39,200All other assets
  • $1,231,751Total liabilities and capital
  • $1,169,922Total liabilities
  • $1,038,170Total deposits
  • $979,620Interest-bearing deposits
  • $1,038,170Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,648Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $100,000Other borrowed funds
  • $0Subordinated debt
  • $11,104All other liabilities
  • $61,829Total equity capital
  • $61,829Total bank equity capital
  • $61,829Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $108,523Undivided profits
  • Memoranda
  • $-47,194Noncurrent loans and leases
  • $116,589Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $91,177Earning assets
  • $0Long-term assets (5+ years)
  • $4,708Average Assets, year-to-date
  • $1,115,233Average Assets, quarterly
  • $89,429Volatile liabilities
  • $1,297,871Insider loans
  • $1,262,754FHLB advances
  • $520,420Loans and leases held for sale
  • $52,133Unused loan commitments
  • $100,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1Total risk weighted assets
  • $116,589Total unused commitments
  • $59Restructured Loans and leases
  • $12,605Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $69,205Total interest income
  • $39,723Total interest expense
  • $29,482Net interest income
  • $74,552Provision for loan and lease losses
  • $6,408Total noninterest income
  • $0Fiduciary activities
  • $5,409Service charges on deposit accounts
  • $0Trading account gains & fees
  • $999Additional noninterest income
  • $74,434Total noninterest expense
  • $12,175Salaries and employee benefits
  • $2,866Premises and equipment expense
  • $59,393Additional noninterest expense
  • -$113,096Pre-tax net operating income
  • $1,824Securities gains (losses)
  • -$7,329Applicable income taxes
  • -$103,943Income before extraordinary items
  • $0Extraordinary gains - net
  • -$103,943Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $57,930Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.16%Yield on earning assets
  • 3.54%Cost of funding earning assets
  • 2.63%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 6.63%Noninterest expense to earning assets
  • -8.14%Net operating income to assets
  • -8.01%Return on assets (ROA)
  • -8.57%Pretax return on assets
  • -93.23%Return on equity (ROE)
  • -93.23%Retained earnings to average equity (YTD only)
  • 5.81%Net charge-offs to loans
  • 128.69%Credit loss provision to net charge-offs
  • -0.67%Efficiency ratio
  • 88,950Assets per employee
  • 8.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 34.72%Noncurrent assets plus other real estate owned to assets
  • 10.44%Noncurrent loans to loans
  • 9.64%Net loans and leases to deposits
  • 88.02%Net loans and leases to core deposits
  • 169.72%Equity capital to assets
  • 5.02%Core capital (leverage) ratio
  • 4.62%Tier 1 risk-based capital ratio
  • 5.83%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $1,297,871Average earning assets
  • $111,496Average equity
  • $1,122,622Average loans

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