THE PEOPLES BANK in Willacoochee, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


THE PEOPLES BANK - Overview

  • General
  • FDIC Certificate #: 17073
    Status: Active
    Federal Reserve ID: 575133
    Bank Holding Company (Regulatory Top Holder): Atkinson County Bankshares Corporation (RSSDID: 1081332, Location: Willacoochee, GA)
    Date Established: September 24, 1948
    WWW: http://www.thepeoplesbank.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)
    OTS Docket #: 12960
    FDIC's unique #: 11128
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 15, 1952
    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: 6 Fleetwood Ave E, Willacoochee, GA 31650
    County: Atkinson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Douglas, GA (#20060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $65.8 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $58.5 mil
    Return on assets (ROA): 0.85% ($0.6 mil)
    Quarterly return on assets: 1.03% ($0.7 mil)
    Return on Equity (ROE): 7.70% ($0.5 mil)
    Quarterly return on equity: 9.19% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.85% ($559.5 mil)
    Quarterly Pretax return on assets: 1.03% ($678.0 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
  • 25Total employees (full-time equivalent)
  • $65,829Total assets
  • $16,721Cash and due from depository institutions
  • $3,500Interest-bearing balances
  • $16,145Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,442Net loans & leases
  • $243Loan loss allowance
  • $0Trading account assets
  • $835Bank premises and fixed assets
  • $327Other real estate owned
  • $0Goodwill and other intangibles
  • $65,829Life insurance assets
  • $2,359All other assets
  • $58,612Total liabilities and capital
  • $58,522Total liabilities
  • $46,148Total deposits
  • $58,522Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $90Subordinated debt
  • $7,217All other liabilities
  • $7,217Total equity capital
  • $7,217Total bank equity capital
  • $0Perpetual preferred stock
  • $90Common stock
  • $5,910Surplus
  • $1,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $56Income earned, not collected on loans
  • $0Earning assets
  • $460Long-term assets (5+ years)
  • $49,087Average Assets, year-to-date
  • $22,038Average Assets, quarterly
  • $63,078Volatile liabilities
  • $63,519Insider loans
  • $36,144FHLB advances
  • $63,606Loans and leases held for sale
  • $1,634Unused loan commitments
  • $824Tier 1 (core) risk-based capital
  • $7,217Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $810Total unused commitments
  • $1,716Restructured Loans and leases
  • $641Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,495Total interest income
  • $565Total interest expense
  • $1,930Net interest income
  • $0Provision for loan and lease losses
  • $493Total noninterest income
  • $0Fiduciary activities
  • $313Service charges on deposit accounts
  • $0Trading account gains & fees
  • $180Additional noninterest income
  • $1,884Total noninterest expense
  • $1,177Salaries and employee benefits
  • $165Premises and equipment expense
  • $542Additional noninterest expense
  • $539Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $539Income before extraordinary items
  • $0Extraordinary gains - net
  • $539Net income attributable to bank
  • $0Net charge-offs
  • $539Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $170Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.81%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 7.70%Return on equity (ROE)
  • 5.27%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,755Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.54%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 433.93%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 50.31%Net loans and leases to core deposits
  • 57.68%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 11.35%Tier 1 risk-based capital ratio
  • 19.97%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $63,078Average earning assets
  • $7,000Average equity
  • $49,477Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011128The Peoples Bank6 Fleetwood Ave E, Willacoochee, GA 31650September 24, 1948Full Service Brick and Mortar
    1240345Pearson Branch788 Main Street North, Pearson, GA 31642April 08, 1991Full Service Brick and Mortar

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