Southern Bank in Sardis, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Southern Bank - Overview

  • General
  • FDIC Certificate #: 16288
    Status: Active
    Federal Reserve ID: 307334
    Bank Holding Company (Regulatory Top Holder): Sardis Bankshares, Inc. (RSSDID: 1141816, Location: Sardis, GA)
    Date Established: July 02, 1945
    WWW: http://www.burke.netbbc/
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 10476
    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: July 02, 1945
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 731 Charles Perry Ave, Sardis, GA 30456
    County: Burke
    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): Augusta-Richmond County, GA-SC (#12260)
    CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
  • History of Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $88.5 mil
    Equity capital: $7.8 mil
    Deposits held in domestic offices: $80.4 mil
    Return on assets (ROA): 0.23% ($0.2 mil)
    Quarterly return on assets: -0.14% (-$0.1 mil)
    Return on Equity (ROE): 2.64% ($0.2 mil)
    Quarterly return on equity: -1.53% (-$0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.25% ($221.3 mil)
    Quarterly Pretax return on assets: -0.02% (-$17.7 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
  • 33Total employees (full-time equivalent)
  • $88,512Total assets
  • $4,550Cash and due from depository institutions
  • $849Interest-bearing balances
  • $15,836Securities
  • $4,575Federal funds sold & reverse repurchase agreements
  • $53,934Net loans & leases
  • $1,214Loan loss allowance
  • $0Trading account assets
  • $1,664Bank premises and fixed assets
  • $6,546Other real estate owned
  • $0Goodwill and other intangibles
  • $88,512Life insurance assets
  • $1,407All other assets
  • $80,667Total liabilities and capital
  • $80,394Total liabilities
  • $70,537Total deposits
  • $80,394Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $273Subordinated debt
  • $7,845All other liabilities
  • $7,845Total equity capital
  • $7,845Total bank equity capital
  • $0Perpetual preferred stock
  • $260Common stock
  • $3,983Surplus
  • $3,602Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,712Income earned, not collected on loans
  • $0Earning assets
  • $467Long-term assets (5+ years)
  • $75,194Average Assets, year-to-date
  • $30,931Average Assets, quarterly
  • $90,255Volatile liabilities
  • $88,562Insider loans
  • $62,650FHLB advances
  • $88,001Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,829Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $335Restructured Loans and leases
  • $593Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,716Total interest income
  • $1,188Total interest expense
  • $3,528Net interest income
  • $240Provision for loan and lease losses
  • $128Total noninterest income
  • $0Fiduciary activities
  • $283Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$155Additional noninterest income
  • $3,235Total noninterest expense
  • $1,630Salaries and employee benefits
  • $479Premises and equipment expense
  • $1,126Additional noninterest expense
  • $181Pre-tax net operating income
  • $49Securities gains (losses)
  • $25Applicable income taxes
  • $205Income before extraordinary items
  • $0Extraordinary gains - net
  • $205Net income attributable to bank
  • $0Net charge-offs
  • $205Cash dividends
  • $245Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.10%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 4.56%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 2.64%Return on equity (ROE)
  • 2.64%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 97.96%Credit loss provision to net charge-offs
  • 1.72%Efficiency ratio
  • 88,485Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 44.76%Noncurrent assets plus other real estate owned to assets
  • 10.46%Noncurrent loans to loans
  • 4.92%Net loans and leases to deposits
  • 67.09%Net loans and leases to core deposits
  • 67.63%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $90,255Average earning assets
  • $7,752Average equity
  • $77,331Average loans

List of branches

  • 5 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010476Southern Bank731 Charles Perry Ave, Sardis, GA 30456July 02, 1945Full Service Brick and Mortar
    1237840East 6th Street Branch229 Sixth Street, Waynesboro, GA 30830June 15, 1987Limited Service Facility
    2237841Hephzibah Branch2455 Highway 88, Hephzibah, GA 30815November 18, 1996Full Service Brick and Mortar
    3360929Liberty Street Office Branch855 Liberty Street, Waynesboro, GA 30830May 07, 2001Full Service Brick and Mortar
    4511143Gibson Branch21 College Street, Gibson, GA 30810July 26, 2010Full Service Brick and Mortar

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