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

The Citizens Bank of Swainsboro - Overview

  • General
  • FDIC Certificate #: 11295
    Status: Active
    Federal Reserve ID: 268136
    Bank Holding Company (Regulatory Top Holder): Swainsboro Bankshares, Inc. (RSSDID: 1976607, Location: Swainsboro, GA)
    Date Established: January 01, 1900
    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 #: 7209
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 121 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: $145.5 mil
    Equity capital: $13.0 mil
    Deposits held in domestic offices: $131.5 mil
    Return on assets (ROA): 0.47% ($0.7 mil)
    Quarterly return on assets: 0.25% ($0.4 mil)
    Return on Equity (ROE): 5.22% ($0.7 mil)
    Quarterly return on equity: 2.75% ($0.4 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.64% ($931.1 mil)
    Quarterly Pretax return on assets: 0.14% ($203.7 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
  • 41Total employees (full-time equivalent)
  • $145,486Total assets
  • $16,641Cash and due from depository institutions
  • $10,920Interest-bearing balances
  • $18,178Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,750Net loans & leases
  • $2,834Loan loss allowance
  • $0Trading account assets
  • $2,206Bank premises and fixed assets
  • $424Other real estate owned
  • $0Goodwill and other intangibles
  • $145,486Life insurance assets
  • $5,287All other assets
  • $132,532Total liabilities and capital
  • $131,474Total liabilities
  • $112,737Total deposits
  • $131,474Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,058Subordinated debt
  • $12,954All other liabilities
  • $12,954Total equity capital
  • $12,954Total bank equity capital
  • $0Perpetual preferred stock
  • $650Common stock
  • $6,350Surplus
  • $5,954Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,484Income earned, not collected on loans
  • $0Earning assets
  • $1,017Long-term assets (5+ years)
  • $131,848Average Assets, year-to-date
  • $13,633Average Assets, quarterly
  • $141,375Volatile liabilities
  • $142,885Insider loans
  • $100,518FHLB advances
  • $140,447Loans and leases held for sale
  • $2,148Unused loan commitments
  • $1,734Tier 1 (core) risk-based capital
  • $12,734Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $414Total unused commitments
  • $4,687Restructured Loans and leases
  • $3,395Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,967Total interest income
  • $1,238Total interest expense
  • $5,729Net interest income
  • $1,787Provision for loan and lease losses
  • $1,249Total noninterest income
  • $0Fiduciary activities
  • $748Service charges on deposit accounts
  • $0Trading account gains & fees
  • $501Additional noninterest income
  • $4,353Total noninterest expense
  • $2,108Salaries and employee benefits
  • $492Premises and equipment expense
  • $1,753Additional noninterest expense
  • $838Pre-tax net operating income
  • $71Securities gains (losses)
  • $251Applicable income taxes
  • $658Income before extraordinary items
  • $0Extraordinary gains - net
  • $658Net income attributable to bank
  • $0Net charge-offs
  • $658Cash dividends
  • $1,009Sale, conversion, retirement of capital stock, net
  • $96Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 5.22%Return on equity (ROE)
  • 4.46%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 177.11%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 62,382Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.59%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 114.09%Noncurrent assets plus other real estate owned to assets
  • 2.00%Noncurrent loans to loans
  • 2.35%Net loans and leases to deposits
  • 78.15%Net loans and leases to core deposits
  • 80.80%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 9.07%Tier 1 risk-based capital ratio
  • 12.67%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $141,375Average earning assets
  • $12,593Average equity
  • $127,843Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07209The Citizens Bank Of Swainsboro121 North Main Street, Swainsboro, GA 30401January 01, 1900Full Service Brick and Mortar
    2363457Dublin Branch1210 Hillcrest Parkway, Dublin, GA 31021March 29, 2002Full Service Brick and Mortar

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