South Georgia Banking Company in Omega, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • South Georgia Banking Company in Omega, Georgia (GA)
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South Georgia Banking Company - Overview

  • General
  • FDIC Certificate #: 20198
    Status: Active
    Federal Reserve ID: 767732
    Bank Holding Company (Regulatory Top Holder): South Georgia Bank Holding Company (RSSDID: 2764977, Location: Omega, GA)
    Date Established: June 14, 1937
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 13883
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: June 11, 1970
    Last Structure Change Effective Date: December 28, 2006
    Last Structure Change Process Date: January 09, 2007
    Last Data Update: January 09, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 5515 Alabama Avenue, Omega, GA 31775
    County: Tift
    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): Tifton, GA (#45700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $346.7 mil
    Equity capital: $44.0 mil
    Deposits held in domestic offices: $301.6 mil
    Return on assets (ROA): 1.05% ($3.6 mil)
    Quarterly return on assets: 1.24% ($4.3 mil)
    Return on Equity (ROE): 8.11% ($3.6 mil)
    Quarterly return on equity: 9.47% ($4.2 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.44% ($4,992.7 mil)
    Quarterly Pretax return on assets: 1.74% ($6,032.8 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
  • 108Total employees (full-time equivalent)
  • $346,712Total assets
  • $43,898Cash and due from depository institutions
  • $15,808Interest-bearing balances
  • $68,261Securities
  • $35,580Federal funds sold & reverse repurchase agreements
  • $172,999Net loans & leases
  • $3,341Loan loss allowance
  • $0Trading account assets
  • $6,848Bank premises and fixed assets
  • $3,349Other real estate owned
  • $10,397Goodwill and other intangibles
  • $346,712Life insurance assets
  • $5,380All other assets
  • $302,664Total liabilities and capital
  • $301,616Total liabilities
  • $223,828Total deposits
  • $301,616Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 510.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $538Subordinated debt
  • $44,048All other liabilities
  • $44,048Total equity capital
  • $44,048Total bank equity capital
  • $0Perpetual preferred stock
  • $9,000Common stock
  • $24,723Surplus
  • $10,325Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $920Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,007Income earned, not collected on loans
  • $0Earning assets
  • $2,953Long-term assets (5+ years)
  • $292,648Average Assets, year-to-date
  • $45,333Average Assets, quarterly
  • $335,909Volatile liabilities
  • $337,884Insider loans
  • $196,027FHLB advances
  • $325,824Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,280Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,650Restructured Loans and leases
  • $5,346Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,718Total interest income
  • $2,288Total interest expense
  • $12,430Net interest income
  • $775Provision for loan and lease losses
  • $2,947Total noninterest income
  • $0Fiduciary activities
  • $1,957Service charges on deposit accounts
  • $0Trading account gains & fees
  • $990Additional noninterest income
  • $9,770Total noninterest expense
  • $5,790Salaries and employee benefits
  • $1,037Premises and equipment expense
  • $2,943Additional noninterest expense
  • $4,832Pre-tax net operating income
  • $14Securities gains (losses)
  • $1,334Applicable income taxes
  • $3,512Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,512Net income attributable to bank
  • $0Net charge-offs
  • $3,512Cash dividends
  • $568Sale, conversion, retirement of capital stock, net
  • $2,850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.16%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.36%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 8.11%Return on equity (ROE)
  • 1.53%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 136.44%Credit loss provision to net charge-offs
  • 9.87%Efficiency ratio
  • 62,932Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.15%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 83.38%Noncurrent assets plus other real estate owned to assets
  • 2.12%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 57.36%Net loans and leases to core deposits
  • 59.37%Equity capital to assets
  • 12.70%Core capital (leverage) ratio
  • 9.91%Tier 1 risk-based capital ratio
  • 16.47%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $335,909Average earning assets
  • $43,323Average equity
  • $285,130Average loans

List of branches

  • 7 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013883South Georgia Banking Company5515 Alabama Avenue, Omega, GA 31775June 14, 1937Full Service Brick and Mortar
    2250481West Second Branch725 West 2nd Street, Tifton, GA 31794December 10, 1987Full Service Brick and Mortar
    4357224Moultrie Branch410 Lane Street, Moultrie, GA 31768April 01, 2000Full Service Brick and Mortar
    5442443Tift Avenue Branch2005 Tift Avenue, Tifton, GA 31794July 01, 2004Full Service Brick and Mortar
    646305Ashburn Main Branch561 East Washington Street, Ashburn, GA 31714August 06, 1990Full Service Brick and Mortar
    7289205Industrial Drive Branch131 Industrial Drive, Ashburn, GA 31714September 28, 1998Full Service Brick and Mortar
    8357691Cordele Branch702 S. Peacan Street, Cordele, GA 31015Febuary 10, 2000Full Service Brick and Mortar

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