Southern Heritage Savings Bank in Athens, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 1996

  • Southern Heritage Savings Bank in Athens, Georgia (GA)
  • Show street view No street view available for this location

Southern Heritage Savings Bank - Overview

  • General
  • FDIC Certificate #: 26407
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank of Georgia, National Association (#2115)
    Federal Reserve ID: 35338
    Date Established: October 25, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 33023
    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: October 25, 1985
    Last Structure Change Effective Date: April 26, 1996
    Last Structure Change Process Date: May 09, 1996
    Last Data Update: May 09, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 247 West Clayton Street, Athens, GA 30601
    County: Clarke
    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
    Metropolitan Statistical Area (MSA): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • Financial Summary
  • Total assets: $33.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $18Total assets
  • $32,929Cash and due from depository institutions
  • $1,189Interest-bearing balances
  • $0Securities
  • $2,401Federal funds sold & reverse repurchase agreements
  • $2,950Net loans & leases
  • $24,418Loan loss allowance
  • $365Trading account assets
  • $0Bank premises and fixed assets
  • $808Other real estate owned
  • $0Goodwill and other intangibles
  • $449Life insurance assets
  • $714All other assets
  • $0Total liabilities and capital
  • $32,929Total liabilities
  • $29,350Total deposits
  • $29,184Interest-bearing deposits
  • $24,510Deposits held in domestic offices
  • 29184.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $166Total equity capital
  • $166Total bank equity capital
  • $3,579Perpetual preferred stock
  • $0Common stock
  • $1,308Surplus
  • $2,254Undivided profits
  • Memoranda
  • $17Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34Income earned, not collected on loans
  • $193Earning assets
  • $29,769Long-term assets (5+ years)
  • $233Average Assets, year-to-date
  • $30,064Average Assets, quarterly
  • $32,340Volatile liabilities
  • $1,838Insider loans
  • $20FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,594Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,858Total risk weighted assets
  • $23,325Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,622Total interest expense
  • $1,124Net interest income
  • $1,498Provision for loan and lease losses
  • $55Total noninterest income
  • $325Fiduciary activities
  • $0Service charges on deposit accounts
  • $253Trading account gains & fees
  • $0Additional noninterest income
  • $72Total noninterest expense
  • $1,191Salaries and employee benefits
  • $506Premises and equipment expense
  • $219Additional noninterest expense
  • $466Pre-tax net operating income
  • $577Securities gains (losses)
  • $0Applicable income taxes
  • $219Income before extraordinary items
  • $358Extraordinary gains - net
  • $0Net income attributable to bank
  • $358Net charge-offs
  • -$27Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $13Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.77%Cost of funding earning assets
  • 4.19%Net interest margin
  • 5.58%Noninterest income to earning assets
  • 1.21%Noninterest expense to earning assets
  • 4.44%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 1.92%Return on equity (ROE)
  • 10.64%Retained earnings to average equity (YTD only)
  • 10.64%Net charge-offs to loans
  • -0.12%Credit loss provision to net charge-offs
  • -203.70%Efficiency ratio
  • 61,273Assets per employee
  • 1.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 1073.53%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 83.67%Net loans and leases to core deposits
  • 89.29%Equity capital to assets
  • 10.87%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 12.25%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $30,064Average earning assets
  • $3,364Average equity
  • $26,827Average loans

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