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

This bank is inactive as of April 23, 1999

  • The Bank of Spalding County in Griffin, Georgia (GA)
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The Bank of Spalding County - Overview

  • General
  • FDIC Certificate #: 26850
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank (#26307)
    Federal Reserve ID: 220433
    Date Established: December 05, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 36113
    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: December 05, 1986
    Last Structure Change Effective Date: April 23, 1999
    Last Structure Change Process Date: June 23, 1999
    Last Data Update: June 23, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West Taylor Street, Griffin, GA 30223
    County: Spalding
    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): Atlanta, GA (#520)
    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: $62.1 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $62,199Total assets
  • $2,708Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,204Securities
  • $16,550Federal funds sold & reverse repurchase agreements
  • $36,350Net loans & leases
  • $809Loan loss allowance
  • $0Trading account assets
  • $952Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $435All other assets
  • $62,199Total liabilities and capital
  • $55,945Total liabilities
  • $54,701Total deposits
  • $46,922Interest-bearing deposits
  • $54,701Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,244All other liabilities
  • $6,254Total equity capital
  • $6,254Total bank equity capital
  • $6,254Perpetual preferred stock
  • $0Common stock
  • $2,069Surplus
  • $2,206Undivided profits
  • Memoranda
  • $1,979Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $414Earning assets
  • $0Long-term assets (5+ years)
  • $271Average Assets, year-to-date
  • $58,104Average Assets, quarterly
  • $2,048Volatile liabilities
  • $60,885Insider loans
  • $60,659FHLB advances
  • $7,744Loans and leases held for sale
  • $5,043Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,572Total unused commitments
  • $0Restructured Loans and leases
  • $39,206Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,959Total interest income
  • $2,557Total interest expense
  • $2,402Net interest income
  • $0Provision for loan and lease losses
  • $293Total noninterest income
  • $0Fiduciary activities
  • $232Service charges on deposit accounts
  • $0Trading account gains & fees
  • $61Additional noninterest income
  • $1,555Total noninterest expense
  • $747Salaries and employee benefits
  • $266Premises and equipment expense
  • $542Additional noninterest expense
  • $1,140Pre-tax net operating income
  • $321Securities gains (losses)
  • $526Applicable income taxes
  • $935Income before extraordinary items
  • $0Extraordinary gains - net
  • $935Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $10Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.64%Yield on earning assets
  • 4.45%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 2.40%Pretax return on assets
  • 16.27%Return on equity (ROE)
  • 16.10%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 16.52%Efficiency ratio
  • 57,699Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.07%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 195.41%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.11%Net loans and leases to deposits
  • 66.45%Net loans and leases to core deposits
  • 77.41%Equity capital to assets
  • 10.05%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,885Average earning assets
  • $5,746Average equity
  • $57,409Average loans

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