Southeastern Bank in Darien, Georgia (GA), FL
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Southeastern Bank in Darien, Georgia (GA), FL
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Southeastern Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total 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
  • 145Total employees (full-time equivalent)
  • $416,610Total assets
  • $96,998Cash and due from depository institutions
  • $83,944Interest-bearing balances
  • $88,002Securities
  • $2,150Federal funds sold & reverse repurchase agreements
  • $195,486Net loans & leases
  • $6,777Loan loss allowance
  • $0Trading account assets
  • $11,711Bank premises and fixed assets
  • $12,063Other real estate owned
  • $0Goodwill and other intangibles
  • $416,610Life insurance assets
  • $10,200All other assets
  • $377,730Total liabilities and capital
  • $371,139Total liabilities
  • $307,385Total deposits
  • $371,139Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $1,591Subordinated debt
  • $38,880All other liabilities
  • $38,880Total equity capital
  • $38,880Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $36,649Surplus
  • $-269Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,046Income earned, not collected on loans
  • $38Earning assets
  • $1,244Long-term assets (5+ years)
  • $369,582Average Assets, year-to-date
  • $70,540Average Assets, quarterly
  • $423,049Volatile liabilities
  • $412,665Insider loans
  • $241,917FHLB advances
  • $407,958Loans and leases held for sale
  • $5,974Unused loan commitments
  • $5,974Tier 1 (core) risk-based capital
  • $38,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,883Restructured Loans and leases
  • $1,169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,428Total interest income
  • $3,212Total interest expense
  • $12,216Net interest income
  • $6,185Provision for loan and lease losses
  • $1,604Total noninterest income
  • $0Fiduciary activities
  • $2,357Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$753Additional noninterest income
  • $12,594Total noninterest expense
  • $6,814Salaries and employee benefits
  • $2,156Premises and equipment expense
  • $3,624Additional noninterest expense
  • -$4,959Pre-tax net operating income
  • $10Securities gains (losses)
  • $0Applicable income taxes
  • -$4,949Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,949Net income attributable to bank
  • $0Net charge-offs
  • -$4,949Cash dividends
  • $9,324Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.10%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • -1.17%Net operating income to assets
  • -1.17%Return on assets (ROA)
  • -1.17%Pretax return on assets
  • -11.86%Return on equity (ROE)
  • -11.86%Retained earnings to average equity (YTD only)
  • 4.13%Net charge-offs to loans
  • 66.33%Credit loss provision to net charge-offs
  • 0.13%Efficiency ratio
  • 91,129Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 21.83%Noncurrent assets plus other real estate owned to assets
  • 10.35%Noncurrent loans to loans
  • 15.35%Net loans and leases to deposits
  • 52.67%Net loans and leases to core deposits
  • 55.12%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 15.85%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $423,049Average earning assets
  • $41,739Average equity
  • $376,466Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $178Managed Assets
  • 1Number of Accounts
  • $178Personal trust and agency accounts
  • $178Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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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