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

This bank is inactive as of October 22, 2010

  • The Gordon Bank in Gordon, Georgia (GA)
  • Show street view No street view available for this location

The Gordon Bank - Overview

  • General
  • FDIC Certificate #: 33904
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Morris Bank (#17910)
    Federal Reserve ID: 219138
    Date Established: April 29, 1994
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 11984
    FDIC's unique #: 54760
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 29, 1994
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 280 Milledgeville Highway, Gordon, GA 31031
    County: Wilkinson
    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
  • Financial Summary
  • Total assets: $29.3 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, 2009)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $30,620Total assets
  • $6,076Cash and due from depository institutions
  • $5,486Interest-bearing balances
  • $3,231Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,142Net loans & leases
  • $903Loan loss allowance
  • $0Trading account assets
  • $637Bank premises and fixed assets
  • $3,456Other real estate owned
  • $350Goodwill and other intangibles
  • $0Life insurance assets
  • $728All other assets
  • $30,620Total liabilities and capital
  • $28,652Total liabilities
  • $26,577Total deposits
  • $20,447Interest-bearing deposits
  • $26,577Deposits held in domestic offices
  • 95.70%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $75All other liabilities
  • $1,968Total equity capital
  • $1,968Total bank equity capital
  • $1,968Perpetual preferred stock
  • $0Common stock
  • $1,381Surplus
  • $2,677Undivided profits
  • Memoranda
  • $-2,090Noncurrent loans and leases
  • $557Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,670Earning assets
  • $0Long-term assets (5+ years)
  • $63Average Assets, year-to-date
  • $24,859Average Assets, quarterly
  • $1,118Volatile liabilities
  • $33,993Insider loans
  • $32,295FHLB advances
  • $4,858Loans and leases held for sale
  • $663Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $557Total unused commitments
  • $0Restructured Loans and leases
  • $237Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,046Total interest income
  • $475Total interest expense
  • $571Net interest income
  • $336Provision for loan and lease losses
  • -$42Total noninterest income
  • $0Fiduciary activities
  • $301Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$343Additional noninterest income
  • $1,683Total noninterest expense
  • $620Salaries and employee benefits
  • $213Premises and equipment expense
  • $850Additional noninterest expense
  • -$1,490Pre-tax net operating income
  • $96Securities gains (losses)
  • -$203Applicable income taxes
  • -$1,191Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,191Net income attributable to bank
  • $0Net charge-offs
  • -$1,191Cash dividends
  • $1,318Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.55%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 1.94%Net interest margin
  • -0.14%Noninterest income to earning assets
  • 5.71%Noninterest expense to earning assets
  • -3.74%Net operating income to assets
  • -3.50%Return on assets (ROA)
  • -4.10%Pretax return on assets
  • -44.38%Return on equity (ROE)
  • -44.38%Retained earnings to average equity (YTD only)
  • 6.38%Net charge-offs to loans
  • 25.49%Credit loss provision to net charge-offs
  • -0.88%Efficiency ratio
  • 318,147Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.30%Loss allowance to noncurrent loans
  • 15.93%Noncurrent assets plus other real estate owned to assets
  • 29.80%Noncurrent loans to loans
  • 33.26%Net loans and leases to deposits
  • 60.74%Net loans and leases to core deposits
  • 68.06%Equity capital to assets
  • 6.43%Core capital (leverage) ratio
  • 5.32%Tier 1 risk-based capital ratio
  • 8.83%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $33,993Average earning assets
  • $2,684Average equity
  • $29,471Average loans

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