Southeast First National Bank in Summerville, Georgia (GA), FL
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Southeast First National Bank in Summerville, Georgia (GA), FL
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Southeast First National Bank - Overview

  • General
  • FDIC Certificate #: 19819
    Status: Active
    Federal Reserve ID: 563934
    Bank Holding Company (Regulatory Top Holder): Summerville/Trion Bancshares, Inc. (RSSDID: 1133754, Location: Summerville, GA)
    Date Established: May 22, 1968
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: Yes)
    OTS Docket #: 14669
    FDIC's unique #: 13612
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 22, 1968
    Last Structure Change Effective Date: Febuary 01, 2008
    Last Structure Change Process Date: June 10, 2008
    Last Data Update: June 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 10144 Commerce Street, Summerville, GA 30747
    County: Chattooga
    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
    Core Based Statistical Area (CBSA): Summerville, GA (#44900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $64.7 mil
    Equity capital: $6.4 mil
    Deposits held in domestic offices: $58.0 mil
    Return on assets (ROA): 0.52% ($0.3 mil)
    Quarterly return on assets: 0.35% ($0.2 mil)
    Return on Equity (ROE): 5.58% ($0.3 mil)
    Quarterly return on equity: 3.54% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.83% ($537.2 mil)
    Quarterly Pretax return on assets: 0.66% ($427.1 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
  • 20Total employees (full-time equivalent)
  • $64,719Total assets
  • $12,528Cash and due from depository institutions
  • $11,777Interest-bearing balances
  • $35,702Securities
  • $285Federal funds sold & reverse repurchase agreements
  • $13,930Net loans & leases
  • $271Loan loss allowance
  • $0Trading account assets
  • $1,267Bank premises and fixed assets
  • $347Other real estate owned
  • $0Goodwill and other intangibles
  • $64,719Life insurance assets
  • $660All other assets
  • $58,360Total liabilities and capital
  • $58,046Total liabilities
  • $51,379Total deposits
  • $58,046Interest-bearing deposits
  • $46Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $314Subordinated debt
  • $6,359All other liabilities
  • $6,359Total equity capital
  • $6,359Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $500Surplus
  • $5,459Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $487Income earned, not collected on loans
  • $0Earning assets
  • $347Long-term assets (5+ years)
  • $61,694Average Assets, year-to-date
  • $37,115Average Assets, quarterly
  • $66,228Volatile liabilities
  • $64,373Insider loans
  • $20,801FHLB advances
  • $66,832Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,354Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $568Restructured Loans and leases
  • $981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,676Total interest income
  • $538Total interest expense
  • $2,138Net interest income
  • $120Provision for loan and lease losses
  • $256Total noninterest income
  • $0Fiduciary activities
  • $161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $95Additional noninterest income
  • $1,723Total noninterest expense
  • $845Salaries and employee benefits
  • $232Premises and equipment expense
  • $646Additional noninterest expense
  • $551Pre-tax net operating income
  • $0Securities gains (losses)
  • $205Applicable income taxes
  • $346Income before extraordinary items
  • $0Extraordinary gains - net
  • $346Net income attributable to bank
  • $0Net charge-offs
  • $346Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 5.58%Return on equity (ROE)
  • 4.29%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 142.86%Credit loss provision to net charge-offs
  • 7.99%Efficiency ratio
  • 71,972Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.12%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 55.65%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 24.00%Net loans and leases to core deposits
  • 24.87%Equity capital to assets
  • 9.83%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 30.55%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $66,228Average earning assets
  • $6,197Average equity
  • $62,978Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5472071Hutchison Boulevard Branch12720 Hutchison Boulevard, Panama City, FL 32407Febuary 02, 2008Full Service Brick and Mortar
  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013612Southeast First National Bank10144 Commerce Street, Summerville, GA 30747May 22, 1968Full Service Brick and Mortar
    2249576Trion BranchTriangle Shopping Center, Trion, GA 30747August 01, 1987Full Service Brick and Mortar

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