South Georgia Bank in Glennville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • South Georgia Bank in Glennville, Georgia (GA)
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South Georgia Bank - Overview

  • General
  • FDIC Certificate #: 32532
    Status: Active
    Federal Reserve ID: 995571
    Bank Holding Company (Regulatory Top Holder): South Group Bancshares, Inc. (RSSDID: 3049569, Location: Glennville, GA)
    Date Established: April 07, 1987
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 8396
    FDIC's unique #: 45366
    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: April 07, 1987
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: October 26, 2009
    Last Data Update: October 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Downing Musgrove Highway, Glennville, GA 30427
    County: Tattnall
    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
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $133.0 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $116.6 mil
    Return on assets (ROA): 0.17% ($0.2 mil)
    Quarterly return on assets: 0.10% ($0.1 mil)
    Return on Equity (ROE): 2.12% ($0.2 mil)
    Quarterly return on equity: 1.19% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.17% ($226.1 mil)
    Quarterly Pretax return on assets: 0.10% ($133.0 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
  • 44Total employees (full-time equivalent)
  • $132,988Total assets
  • $18,178Cash and due from depository institutions
  • $14,196Interest-bearing balances
  • $14,646Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,647Net loans & leases
  • $1,778Loan loss allowance
  • $0Trading account assets
  • $3,401Bank premises and fixed assets
  • $1,564Other real estate owned
  • $0Goodwill and other intangibles
  • $132,988Life insurance assets
  • $4,552All other assets
  • $121,891Total liabilities and capital
  • $116,578Total liabilities
  • $100,140Total deposits
  • $116,578Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $313Subordinated debt
  • $11,097All other liabilities
  • $11,097Total equity capital
  • $11,097Total bank equity capital
  • $0Perpetual preferred stock
  • $1,012Common stock
  • $9,559Surplus
  • $526Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,462Income earned, not collected on loans
  • $0Earning assets
  • $808Long-term assets (5+ years)
  • $119,489Average Assets, year-to-date
  • $47,605Average Assets, quarterly
  • $133,505Volatile liabilities
  • $131,667Insider loans
  • $92,050FHLB advances
  • $130,238Loans and leases held for sale
  • $2,750Unused loan commitments
  • $814Tier 1 (core) risk-based capital
  • $11,010Tier 2 risk-based capital
  • $808Total risk weighted assets
  • $1,128Total unused commitments
  • $2,162Restructured Loans and leases
  • $1,181Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,477Total interest income
  • $1,623Total interest expense
  • $5,854Net interest income
  • $1,989Provision for loan and lease losses
  • $226Total noninterest income
  • $0Fiduciary activities
  • $613Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$387Additional noninterest income
  • $3,859Total noninterest expense
  • $1,950Salaries and employee benefits
  • $516Premises and equipment expense
  • $1,393Additional noninterest expense
  • $232Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $232Income before extraordinary items
  • $0Extraordinary gains - net
  • $232Net income attributable to bank
  • $0Net charge-offs
  • $232Cash dividends
  • $1,916Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.21%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 4.86%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 2.12%Return on equity (ROE)
  • 2.12%Retained earnings to average equity (YTD only)
  • 2.00%Net charge-offs to loans
  • 103.81%Credit loss provision to net charge-offs
  • 1.16%Efficiency ratio
  • 63,470Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 18.79%Noncurrent assets plus other real estate owned to assets
  • 8.29%Noncurrent loans to loans
  • 10.24%Net loans and leases to deposits
  • 77.76%Net loans and leases to core deposits
  • 94.42%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 11.96%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,505Average earning assets
  • $10,963Average equity
  • $120,432Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045366South Georgia Bank401 Downing Musgrove Highway, Glennville, GA 30427April 07, 1987Full Service Brick and Mortar
    101288283Claxton Branch321 North Duval Street, Claxton, GA 30417October 19, 1995Full Service Brick and Mortar
    102365698Reidsville Branch221 South Main Street, Reidsville, GA 30453December 24, 2002Full Service Brick and Mortar
    104502033Hinesville Branch737 South Main Street, Hinesville, GA 31313January 11, 2010Full Service Brick and Mortar

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