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

  • The Claxton Bank in Claxton, Georgia (GA)
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The Claxton Bank - Overview

  • General
  • FDIC Certificate #: 15826
    Status: Active
    Federal Reserve ID: 452739
    Bank Holding Company (Regulatory Top Holder): Southern Bankshares, Inc. (RSSDID: 2662596, Location: Claxton, GA)
    Date Established: Febuary 24, 1941
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 10068
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 13, 1941
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 01, 2011
    Last Data Update: November 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 121 West Main Street, Claxton, GA 30417
    County: Evans
    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
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $105.0 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $94.7 mil
    Return on assets (ROA): 0.08% ($0.1 mil)
    Quarterly return on assets: 0.35% ($0.4 mil)
    Return on Equity (ROE): 0.83% ($0.1 mil)
    Quarterly return on equity: 3.59% ($0.4 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.08% ($84.0 mil)
    Quarterly Pretax return on assets: 0.35% ($367.6 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
  • 34Total employees (full-time equivalent)
  • $105,021Total assets
  • $16,886Cash and due from depository institutions
  • $10,193Interest-bearing balances
  • $23,897Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $60,583Net loans & leases
  • $1,126Loan loss allowance
  • $0Trading account assets
  • $835Bank premises and fixed assets
  • $1,284Other real estate owned
  • $0Goodwill and other intangibles
  • $105,021Life insurance assets
  • $1,536All other assets
  • $94,871Total liabilities and capital
  • $94,694Total liabilities
  • $76,048Total deposits
  • $94,694Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $177Subordinated debt
  • $10,150All other liabilities
  • $10,150Total equity capital
  • $10,150Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $6,800Surplus
  • $2,750Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,456Income earned, not collected on loans
  • $0Earning assets
  • $457Long-term assets (5+ years)
  • $94,673Average Assets, year-to-date
  • $27,029Average Assets, quarterly
  • $107,347Volatile liabilities
  • $103,864Insider loans
  • $63,560FHLB advances
  • $103,833Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,918Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,826Restructured Loans and leases
  • $2,960Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,706Total interest income
  • $907Total interest expense
  • $3,799Net interest income
  • $616Provision for loan and lease losses
  • $600Total noninterest income
  • $0Fiduciary activities
  • $573Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27Additional noninterest income
  • $3,823Total noninterest expense
  • $2,126Salaries and employee benefits
  • $387Premises and equipment expense
  • $1,310Additional noninterest expense
  • -$40Pre-tax net operating income
  • $123Securities gains (losses)
  • $0Applicable income taxes
  • $83Income before extraordinary items
  • $0Extraordinary gains - net
  • $83Net income attributable to bank
  • $0Net charge-offs
  • $83Cash dividends
  • $1,204Sale, conversion, retirement of capital stock, net
  • $134Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -0.04%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.83%Return on equity (ROE)
  • -0.51%Retained earnings to average equity (YTD only)
  • 1.96%Net charge-offs to loans
  • 51.16%Credit loss provision to net charge-offs
  • 0.48%Efficiency ratio
  • 86,906Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 161.45%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 45.85%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 3.98%Net loans and leases to deposits
  • 63.98%Net loans and leases to core deposits
  • 66.70%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 15.60%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $107,347Average earning assets
  • $9,959Average equity
  • $96,612Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010068The Claxton Bank121 West Main Street, Claxton, GA 30417Febuary 24, 1941Full Service Brick and Mortar
    1235573Bellville BranchState Highway 292 And Long Street, Bellville, GA 30414June 03, 1974Full Service Brick and Mortar
    2235574Claxton Square BranchU.S. Highway 301 North And Plyler Street, Claxton, GA 30417Febuary 05, 1979Full Service Brick and Mortar
    3270460Newton Street Branch3 South Newton Street, Claxton, GA 30417January 01, 1933Full Service Brick and Mortar

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