Southeastern Bank in Darien, Georgia (GA), FL



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Southeastern Bank routing number info

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Southeastern Bank
GeneralFDIC Certificate #: 5685
Status: Active
Federal Reserve ID: 210238
Bank Holding Company (Regulatory Top Holder): Southeastern Banking Corporation (RSSDID: 1082058, Location: Darien, GA)
Date Established: January 01, 1889
WWW: http://www.southeasternbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Domestic: 16, Interstate: Yes)
OTS Docket #: 14739
FDIC's unique #: 3870
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 02, 2009
Last Structure Change Process Date: August 08, 2011
Last Data Update: August 08, 2011
Data Source Date: April 05, 2012
LocationAddress: 1010 North Way, Darien, GA 31305
County: Mcintosh
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
Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
CBSA Metro Statistical Area: Brunswick, GA (#15260)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Change in Location
Corrections
Financial SummaryTotal assets: $416.6 mil
Equity capital: $38.9 mil
Deposits held in domestic offices: $371.1 mil
Return on assets (ROA): -1.17% (-$4.9 mil)
Quarterly return on assets: -2.74% (-$11.4 mil)
Return on Equity (ROE): -11.86% (-$4.6 mil)
Quarterly return on equity: -27.98% (-$10.9 mil)
Net income: -$4.9 mil
Quarterly Net income: -$2.8 mil
Pretax return on assets: -1.17% (-$4,874.3 mil)
Quarterly Pretax return on assets: -2.74% (-$11,415.1 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)
Total employees (full-time equivalent)145
Total assets$416,610
Cash and due from depository institutions$96,998
Interest-bearing balances$83,944
Securities$88,002
Federal funds sold & reverse repurchase agreements$2,150
Net loans & leases$195,486
Loan loss allowance $6,777
Trading account assets$0
Bank premises and fixed assets$11,711
Other real estate owned$12,063
Goodwill and other intangibles$0
All other assets$10,200
Life insurance assets$416,610
Total liabilities and capital$377,730
Total liabilities$371,139
Total deposits$307,385
Interest-bearing deposits$371,139
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $1,591
All other liabilities $38,880
Total equity capital$38,880
Total bank equity capital$38,880
Perpetual preferred stock$0
Common stock$2,500
Surplus$36,649
Undivided profits $-269
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $31,046
Earning assets $38
Long-term assets (5+ years) $1,244
Average Assets, year-to-date $369,582
Average Assets, quarterly $70,540
Volatile liabilities $423,049
Insider loans $412,665
FHLB advances $241,917
Loans and leases held for sale $407,958
Unused loan commitments $5,974
Tier 1 (core) risk-based capital $5,974
Tier 2 risk-based capital $38,345
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $19,883
Derivatives$1,169
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,428
Total interest expense $3,212
Net interest income $12,216
Provision for loan and lease losses $6,185
Total noninterest income $1,604
Fiduciary activities $0
Service charges on deposit accounts $2,357
Trading account gains & fees $0
Additional noninterest income -$753
Total noninterest expense $12,594
Salaries and employee benefits $6,814
Premises and equipment expense $2,156
Additional noninterest expense $3,624
Pre-tax net operating income -$4,959
Securities gains (losses) $10
Applicable income taxes $0
Income before extraordinary items -$4,949
Extraordinary gains - net $0
Net income attributable to bank -$4,949
Net charge-offs $0
Cash dividends -$4,949
Sale, conversion, retirement of capital stock, net $9,324
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.10%
Cost of funding earning assets 0.85%
Net interest margin 3.24%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 3.35%
Net operating income to assets -1.17%
Return on assets (ROA) -1.17%
Pretax return on assets -1.17%
Return on equity (ROE) -11.86%
Retained earnings to average equity (YTD only) -11.86%
Net charge-offs to loans 4.13%
Credit loss provision to net charge-offs 66.33%
Efficiency ratio0.13%
Assets per employee$91,129
Cash dividends to net income (YTD only)2.87%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.35%
Noncurrent assets plus other real estate owned to assets 21.83%
Noncurrent loans to loans 10.35%
Net loans and leases to deposits15.35%
Net loans and leases to core deposits 52.67%
Equity capital to assets 55.12%
Core capital (leverage) ratio 9.33%
Tier 1 risk-based capital ratio 9.40%
Total risk-based capital ratio 15.85%
Memoranda
Average assets$17
Average earning assets$423,049
Average equity $41,739
Average loans $376,466
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$178
Number of Accounts1
Personal trust and agency accounts$178
Employee benefit-defined contribution accounts$178
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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3 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1538851Yulee Branch463128 State Road 200, Yulee, FL 32097December 21, 1987Full Service Brick and Mortar
16252524Hilliard Branch15885 County Road 108, Hilliard, FL 32046June 29, 1977Full Service Brick and Mortar
17281161Callahan Branch542238 U.S. Highway 1, Callahan, FL 32011November 26, 1952Full Service Brick and Mortar
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13 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03870Southeastern Bank1010 North Way, Darien, GA 31305January 01, 1889Full Service Brick and Mortar
1208010Eulonia Branch15039 U.S. Hwy 17, Townsend, GA 31331August 19, 1976Full Service Brick and Mortar
210894Folkston Branch4233 2nd Street North, Folkston, GA 31537January 04, 1912Full Service Brick and Mortar
3238813Nahunta Branch105 Bacon Street, Nahunta, GA 31553April 08, 1949Full Service Brick and Mortar
4238814Hoboken Branch4604 Main Street East, Hoboken, GA 31542April 16, 1971Full Service Brick and Mortar
511004Woodbine Branch414 Bedell Avenue, Woodbine, GA 31569January 02, 1948Full Service Brick and Mortar
612520Hazlehurst Branch14 Hinson Street, Hazlehurst, GA 31539December 01, 1962Full Service Brick and Mortar
7238815Kingsland Branch1501 Ga Highway 40 East, Kingsland, GA 31548Febuary 09, 1987Full Service Brick and Mortar
811202Nicholls Branch910 Van Streat Highway, Nicholls, GA 31554June 01, 1943Full Service Brick and Mortar
9287158Douglas Branch620 South Peterson Avenue, Douglas, GA 31533June 30, 1988Full Service Brick and Mortar
11287163St. Marys Branch2512 Osborne Road, St. Marys, GA 31558March 12, 1990Full Service Brick and Mortar
19360503Richmond Hill Branch2004 Highway 17, Richmond Hill, GA 31324April 09, 2001Full Service Brick and Mortar
20433245Brunswick Branch15 Trade Street, Brunswick, GA 31525November 01, 2004Full Service Brick and Mortar
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