Spivey State Bank in Swainsboro, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Spivey State Bank - Overview

  • General
  • FDIC Certificate #: 19389
    Status: Active
    Federal Reserve ID: 90739
    Bank Holding Company (Regulatory Top Holder): Persons Banking Co., Inc. (RSSDID: 1081314, Location: Macon, GA)
    Date Established: August 01, 1953
    WWW: http://www.spiveybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 13195
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 1965
    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: 211 North Main Street, Swainsboro, GA 30401
    County: Emanuel
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $92.1 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $83.4 mil
    Return on assets (ROA): 1.39% ($1.3 mil)
    Quarterly return on assets: 0.92% ($0.8 mil)
    Return on Equity (ROE): 16.40% ($1.5 mil)
    Quarterly return on equity: 10.10% ($0.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.39% ($1,280.3 mil)
    Quarterly Pretax return on assets: 0.92% ($847.4 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
  • 23Total employees (full-time equivalent)
  • $92,108Total assets
  • $6,138Cash and due from depository institutions
  • $4,781Interest-bearing balances
  • $17,269Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $65,295Net loans & leases
  • $677Loan loss allowance
  • $0Trading account assets
  • $910Bank premises and fixed assets
  • $1,515Other real estate owned
  • $0Goodwill and other intangibles
  • $92,108Life insurance assets
  • $981All other assets
  • $83,587Total liabilities and capital
  • $83,366Total liabilities
  • $65,607Total deposits
  • $83,366Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $221Subordinated debt
  • $8,521All other liabilities
  • $8,521Total equity capital
  • $8,521Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,500Surplus
  • $5,521Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,760Income earned, not collected on loans
  • $0Earning assets
  • $537Long-term assets (5+ years)
  • $87,345Average Assets, year-to-date
  • $9,178Average Assets, quarterly
  • $92,157Volatile liabilities
  • $92,458Insider loans
  • $61,595FHLB advances
  • $93,008Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,354Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,152Restructured Loans and leases
  • $3,674Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,201Total interest income
  • $925Total interest expense
  • $3,276Net interest income
  • $220Provision for loan and lease losses
  • $905Total noninterest income
  • $0Fiduciary activities
  • $659Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $2,920Total noninterest expense
  • $1,221Salaries and employee benefits
  • $240Premises and equipment expense
  • $1,459Additional noninterest expense
  • $1,041Pre-tax net operating income
  • $243Securities gains (losses)
  • $0Applicable income taxes
  • $1,284Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,284Net income attributable to bank
  • $0Net charge-offs
  • $1,284Cash dividends
  • $564Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.77%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 16.40%Return on equity (ROE)
  • 16.40%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 39.01%Credit loss provision to net charge-offs
  • 2.24%Efficiency ratio
  • 69,840Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 14.22%Noncurrent assets plus other real estate owned to assets
  • 6.81%Noncurrent loans to loans
  • 7.22%Net loans and leases to deposits
  • 78.32%Net loans and leases to core deposits
  • 81.77%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 8.98%Tier 1 risk-based capital ratio
  • 13.56%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $92,157Average earning assets
  • $7,830Average equity
  • $86,909Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013195Spivey State Bank211 North Main Street, Swainsboro, GA 30401August 01, 1953Full Service Brick and Mortar
    2248107South Main Street Drive-In Branch571 South Main Street, Swainsboro, GA 30401April 04, 1988Limited Service Facility

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