The Bank of Heard County in Franklin, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 1996

  • The Bank of Heard County in Franklin, Georgia (GA)
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The Bank of Heard County - Overview

  • General
  • FDIC Certificate #: 187
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 497132
    Date Established: October 18, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 149
    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 01, 1934
    Last Structure Change Effective Date: August 22, 1996
    Last Structure Change Process Date: September 25, 1996
    Last Data Update: September 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Court Square, Franklin, GA 30217
    County: Heard
    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): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $45.2 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)
  • $17Total assets
  • $46,325Cash and due from depository institutions
  • $2,684Interest-bearing balances
  • $0Securities
  • $10,755Federal funds sold & reverse repurchase agreements
  • $1,000Net loans & leases
  • $31,237Loan loss allowance
  • $400Trading account assets
  • $0Bank premises and fixed assets
  • $396Other real estate owned
  • $0Goodwill and other intangibles
  • $253Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,325Total liabilities
  • $41,904Total deposits
  • $41,470Interest-bearing deposits
  • $35,540Deposits held in domestic offices
  • 41470.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $434Total equity capital
  • $434Total bank equity capital
  • $4,421Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $2,300Undivided profits
  • Memoranda
  • $2,021Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57Income earned, not collected on loans
  • $253Earning assets
  • $42,992Long-term assets (5+ years)
  • $11,045Average Assets, year-to-date
  • $41,159Average Assets, quarterly
  • $44,099Volatile liabilities
  • $10,720Insider loans
  • $369FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $629Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,421Total risk weighted assets
  • $22,471Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,532Total interest expense
  • $1,628Net interest income
  • $1,904Provision for loan and lease losses
  • $75Total noninterest income
  • $231Fiduciary activities
  • $0Service charges on deposit accounts
  • $202Trading account gains & fees
  • $0Additional noninterest income
  • $29Total noninterest expense
  • $1,199Salaries and employee benefits
  • $795Premises and equipment expense
  • $119Additional noninterest expense
  • $285Pre-tax net operating income
  • $861Securities gains (losses)
  • $1Applicable income taxes
  • $409Income before extraordinary items
  • $453Extraordinary gains - net
  • $0Net income attributable to bank
  • $453Net charge-offs
  • $24Cash dividends
  • $60Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.19%Cost of funding earning assets
  • 4.23%Net interest margin
  • 4.95%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 3.12%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 2.09%Return on equity (ROE)
  • 10.56%Retained earnings to average equity (YTD only)
  • 9.16%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 312.50%Efficiency ratio
  • 56,159Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.25%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 701.75%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 75.32%Net loans and leases to core deposits
  • 101.58%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 10.10%Tier 1 risk-based capital ratio
  • 19.67%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $41,159Average earning assets
  • $4,289Average equity
  • $38,450Average loans

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