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

The Patterson Bank - Overview

  • General
  • FDIC Certificate #: 10055
    Status: Active
    Federal Reserve ID: 631039
    Bank Holding Company (Regulatory Top Holder): Patterson Bankshares, Inc. (RSSDID: 1137202, Location: Patterson, GA)
    Date Established: June 19, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11949
    FDIC's unique #: 6427
    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: January 01, 1934
    Last Structure Change Effective Date: June 30, 2008
    Last Structure Change Process Date: October 26, 2009
    Last Data Update: October 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6365 Highway 84, Patterson, GA 31557
    County: Pierce
    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
    Core Based Statistical Area (CBSA): Waycross, GA (#48180)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total assets: $123.6 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $113.4 mil
    Return on assets (ROA): -2.46% (-$3.1 mil)
    Quarterly return on assets: -3.27% (-$4.1 mil)
    Return on Equity (ROE): -67.64% (-$2.0 mil)
    Quarterly return on equity: -105.81% (-$3.2 mil)
    Net income: -$3.4 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -2.46% (-$3,040.7 mil)
    Quarterly Pretax return on assets: -3.27% (-$4,041.9 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
  • 36Total employees (full-time equivalent)
  • $123,604Total assets
  • $10,861Cash and due from depository institutions
  • $10,117Interest-bearing balances
  • $8,548Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $89,391Net loans & leases
  • $3,261Loan loss allowance
  • $0Trading account assets
  • $6,100Bank premises and fixed assets
  • $6,161Other real estate owned
  • $0Goodwill and other intangibles
  • $123,604Life insurance assets
  • $2,543All other assets
  • $120,274Total liabilities and capital
  • $113,379Total liabilities
  • $94,703Total deposits
  • $113,379Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,930Trading liabilities
  • $0Other borrowed funds
  • $965Subordinated debt
  • $3,330All other liabilities
  • $3,330Total equity capital
  • $3,330Total bank equity capital
  • $0Perpetual preferred stock
  • $599Common stock
  • $11,407Surplus
  • $-8,676Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,970Income earned, not collected on loans
  • $0Earning assets
  • $556Long-term assets (5+ years)
  • $108,056Average Assets, year-to-date
  • $13,303Average Assets, quarterly
  • $138,474Volatile liabilities
  • $126,583Insider loans
  • $97,334FHLB advances
  • $123,330Loans and leases held for sale
  • $1,158Unused loan commitments
  • $1,158Tier 1 (core) risk-based capital
  • $3,215Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,525Restructured Loans and leases
  • $2,946Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,703Total interest income
  • $1,579Total interest expense
  • $4,124Net interest income
  • $2,360Provision for loan and lease losses
  • -$559Total noninterest income
  • $0Fiduciary activities
  • $549Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,108Additional noninterest income
  • $4,756Total noninterest expense
  • $2,024Salaries and employee benefits
  • $856Premises and equipment expense
  • $1,876Additional noninterest expense
  • -$3,551Pre-tax net operating income
  • $150Securities gains (losses)
  • $0Applicable income taxes
  • -$3,401Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,401Net income attributable to bank
  • $0Net charge-offs
  • -$3,401Cash dividends
  • $1,988Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.43%Net interest margin
  • -0.47%Noninterest income to earning assets
  • 3.96%Noninterest expense to earning assets
  • -2.56%Net operating income to assets
  • -2.46%Return on assets (ROA)
  • -2.46%Pretax return on assets
  • -67.64%Return on equity (ROE)
  • -67.64%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 118.71%Credit loss provision to net charge-offs
  • -0.60%Efficiency ratio
  • 133,408Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.52%Loss allowance to noncurrent loans
  • 17.19%Noncurrent assets plus other real estate owned to assets
  • 20.33%Noncurrent loans to loans
  • 20.47%Net loans and leases to deposits
  • 78.84%Net loans and leases to core deposits
  • 85.54%Equity capital to assets
  • 2.69%Core capital (leverage) ratio
  • 2.61%Tier 1 risk-based capital ratio
  • 3.30%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $138,474Average earning assets
  • $5,028Average equity
  • $120,082Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06427The Patterson Bank6365 Highway 84, Patterson, GA 31557June 19, 1907Full Service Brick and Mortar
    2221758Wayne County Branch927 South First Street, Jesup, GA 31545May 15, 1998Full Service Brick and Mortar
    3456680Waycross Branch930 Memorial Drive, Waycross, GA 31501November 15, 2006Full Service Brick and Mortar

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