The First State Bank in Stockbridge, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 20, 2012

  • The First State Bank in Stockbridge, Georgia (GA)
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The First State Bank - Overview

  • General
  • FDIC Certificate #: 19252
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Hamilton State Bank (#57810)
    Federal Reserve ID: 151331
    Bank Holding Company (Regulatory Top Holder): Henry County Bancshares, Inc. (RSSDID: 1084623, Location: Stockbridge, GA)
    Date Established: October 08, 1964
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13820
    FDIC's unique #: 13067
    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: October 08, 1964
    Last Structure Change Effective Date: January 20, 2012
    Last Structure Change Process Date: January 23, 2012
    Last Data Update: January 23, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 4806 North Henry Boulevard, Stockbridge, GA 30281
    County: Henry
    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: $516.8 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $509.1 mil
    Return on assets (ROA): -2.12% (-$11.0 mil)
    Quarterly return on assets: -0.74% (-$3.8 mil)
    Return on Equity (ROE): -102.51% (-$5.1 mil)
    Quarterly return on equity: -72.51% (-$3.6 mil)
    Net income: -$11.7 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -2.12% (-$10,955.3 mil)
    Quarterly Pretax return on assets: -0.74% (-$3,824.0 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
  • 106Total employees (full-time equivalent)
  • $516,760Total assets
  • $33,240Cash and due from depository institutions
  • $24,094Interest-bearing balances
  • $60,684Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $331,340Net loans & leases
  • $12,794Loan loss allowance
  • $0Trading account assets
  • $8,210Bank premises and fixed assets
  • $78,183Other real estate owned
  • $0Goodwill and other intangibles
  • $516,760Life insurance assets
  • $5,103All other assets
  • $511,861Total liabilities and capital
  • $509,065Total liabilities
  • $496,820Total deposits
  • $509,065Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,796Subordinated debt
  • $4,899All other liabilities
  • $4,899Total equity capital
  • $4,899Total bank equity capital
  • $0Perpetual preferred stock
  • $530Common stock
  • $47,470Surplus
  • $-43,101Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $91,079Income earned, not collected on loans
  • $0Earning assets
  • $1,883Long-term assets (5+ years)
  • $416,118Average Assets, year-to-date
  • $59,399Average Assets, quarterly
  • $551,284Volatile liabilities
  • $526,848Insider loans
  • $445,427FHLB advances
  • $558,647Loans and leases held for sale
  • $173Unused loan commitments
  • $173Tier 1 (core) risk-based capital
  • $3,356Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,401Restructured Loans and leases
  • $134Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,340Total interest income
  • $7,803Total interest expense
  • $9,537Net interest income
  • $9,955Provision for loan and lease losses
  • $929Total noninterest income
  • $0Fiduciary activities
  • $1,682Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$753Additional noninterest income
  • $13,650Total noninterest expense
  • $5,379Salaries and employee benefits
  • $1,441Premises and equipment expense
  • $6,830Additional noninterest expense
  • -$13,139Pre-tax net operating income
  • $1,474Securities gains (losses)
  • $0Applicable income taxes
  • -$11,665Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,665Net income attributable to bank
  • $0Net charge-offs
  • -$11,665Cash dividends
  • $7,985Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.87%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 2.13%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • -2.38%Net operating income to assets
  • -2.12%Return on assets (ROA)
  • -2.12%Pretax return on assets
  • -102.51%Return on equity (ROE)
  • -102.51%Retained earnings to average equity (YTD only)
  • 2.20%Net charge-offs to loans
  • 124.67%Credit loss provision to net charge-offs
  • -0.40%Efficiency ratio
  • 130,422Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.72%Loss allowance to noncurrent loans
  • 14.05%Noncurrent assets plus other real estate owned to assets
  • 32.75%Noncurrent loans to loans
  • 26.47%Net loans and leases to deposits
  • 65.09%Net loans and leases to core deposits
  • 69.18%Equity capital to assets
  • 0.95%Core capital (leverage) ratio
  • 0.60%Tier 1 risk-based capital ratio
  • 0.75%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $551,284Average earning assets
  • $11,380Average equity
  • $448,244Average loans

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