The Bank of Millen in Millen, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 06, 1998

  • The Bank of Millen in Millen, Georgia (GA)
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The Bank of Millen - Overview

  • General
  • FDIC Certificate #: 880
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 697437
    Date Established: January 01, 1893
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 562
    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: Febuary 06, 1998
    Last Structure Change Process Date: March 18, 1998
    Last Data Update: March 18, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 415 East Cotton Avenue, Millen, GA 30442
    County: Jenkins
    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
  • Financial Summary
  • Total assets: $42.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $42,485Total assets
  • $2,682Cash and due from depository institutions
  • $314Interest-bearing balances
  • $11,260Securities
  • $9,140Federal funds sold & reverse repurchase agreements
  • $18,489Net loans & leases
  • $156Loan loss allowance
  • $0Trading account assets
  • $276Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $638All other assets
  • $42,485Total liabilities and capital
  • $36,178Total liabilities
  • $35,386Total deposits
  • $30,085Interest-bearing deposits
  • $35,386Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $792All other liabilities
  • $6,307Total equity capital
  • $6,307Total bank equity capital
  • $6,307Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $2,700Undivided profits
  • Memoranda
  • $3,407Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $456Earning assets
  • $0Long-term assets (5+ years)
  • $320Average Assets, year-to-date
  • $39,203Average Assets, quarterly
  • $3,993Volatile liabilities
  • $41,858Insider loans
  • $41,866FHLB advances
  • $4,227Loans and leases held for sale
  • $289Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $742Total unused commitments
  • $0Restructured Loans and leases
  • $21,548Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,245Total interest income
  • $1,355Total interest expense
  • $1,890Net interest income
  • $0Provision for loan and lease losses
  • $288Total noninterest income
  • $0Fiduciary activities
  • $222Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $963Total noninterest expense
  • $543Salaries and employee benefits
  • $245Premises and equipment expense
  • $175Additional noninterest expense
  • $1,215Pre-tax net operating income
  • $0Securities gains (losses)
  • $370Applicable income taxes
  • $845Income before extraordinary items
  • $0Extraordinary gains - net
  • $845Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.29%Yield on earning assets
  • 3.46%Cost of funding earning assets
  • 4.83%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 2.02%Net operating income to assets
  • 2.02%Return on assets (ROA)
  • 2.90%Pretax return on assets
  • 14.26%Return on equity (ROE)
  • 14.26%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 12.27%Efficiency ratio
  • 44,215Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 34.21%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 2.45%Net loans and leases to deposits
  • 52.25%Net loans and leases to core deposits
  • 59.34%Equity capital to assets
  • 14.85%Core capital (leverage) ratio
  • 14.65%Tier 1 risk-based capital ratio
  • 28.70%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $41,858Average earning assets
  • $5,925Average equity
  • $39,143Average loans

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