Southern Heritage Bank in Flowery Branch, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 02, 2004

  • Southern Heritage Bank in Flowery Branch, Georgia (GA)
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Southern Heritage Bank - Overview

  • General
  • FDIC Certificate #: 34593
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Gainesville Bank & Trust (#27158)
    Federal Reserve ID: 2684945
    Date Established: January 04, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 60757
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 04, 1999
    Last Structure Change Effective Date: August 02, 2004
    Last Structure Change Process Date: September 14, 2004
    Last Data Update: September 14, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 3461 Atlanta Highway, Flowery Branch, GA 30542
    County: Hall
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Gainesville, GA (#23580)
    CBSA Metro Statistical Area: Gainesville, GA (#23580)
  • Financial Summary
  • Total assets: $117.7 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, 2003)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $114,985Total assets
  • $1,996Cash and due from depository institutions
  • $40Interest-bearing balances
  • $8,865Securities
  • $3,941Federal funds sold & reverse repurchase agreements
  • $96,134Net loans & leases
  • $1,040Loan loss allowance
  • $0Trading account assets
  • $3,176Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $873All other assets
  • $114,985Total liabilities and capital
  • $102,422Total liabilities
  • $98,359Total deposits
  • $84,490Interest-bearing deposits
  • $98,359Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,700Other borrowed funds
  • $0Subordinated debt
  • $363All other liabilities
  • $12,563Total equity capital
  • $12,563Total bank equity capital
  • $12,563Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $7,500Undivided profits
  • Memoranda
  • $1,063Noncurrent loans and leases
  • $18,373Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $110Earning assets
  • $0Long-term assets (5+ years)
  • $364Average Assets, year-to-date
  • $108,980Average Assets, quarterly
  • $3,038Volatile liabilities
  • $106,446Insider loans
  • $115,225FHLB advances
  • $19,801Loans and leases held for sale
  • $3,864Unused loan commitments
  • $3,700Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,373Total unused commitments
  • $0Restructured Loans and leases
  • $1,040Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $6,586Total interest income
  • $2,363Total interest expense
  • $4,223Net interest income
  • $1,206Provision for loan and lease losses
  • $901Total noninterest income
  • $0Fiduciary activities
  • $179Service charges on deposit accounts
  • $0Trading account gains & fees
  • $722Additional noninterest income
  • $3,172Total noninterest expense
  • $1,945Salaries and employee benefits
  • $435Premises and equipment expense
  • $792Additional noninterest expense
  • $746Pre-tax net operating income
  • $0Securities gains (losses)
  • $262Applicable income taxes
  • $484Income before extraordinary items
  • $0Extraordinary gains - net
  • $484Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,021Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 2.35%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 4.39%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 1.19%Net charge-offs to loans
  • 118.12%Credit loss provision to net charge-offs
  • 1.91%Efficiency ratio
  • 61,905Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 945.45%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 97.74%Net loans and leases to core deposits
  • 119.34%Equity capital to assets
  • 10.93%Core capital (leverage) ratio
  • 10.91%Tier 1 risk-based capital ratio
  • 12.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $106,446Average earning assets
  • $11,021Average equity
  • $100,501Average loans

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