The Patterson Bank in Patterson, Georgia (GA)



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The Patterson Bank
GeneralFDIC 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
WWW: http://www.pattersonbank.com
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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Change in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)36
Total assets$123,604
Cash and due from depository institutions$10,861
Interest-bearing balances$10,117
Securities$8,548
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$89,391
Loan loss allowance $3,261
Trading account assets$0
Bank premises and fixed assets$6,100
Other real estate owned$6,161
Goodwill and other intangibles$0
All other assets$2,543
Life insurance assets$123,604
Total liabilities and capital$120,274
Total liabilities$113,379
Total deposits$94,703
Interest-bearing deposits$113,379
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,930
Other borrowed funds $0
Subordinated debt $965
All other liabilities $3,330
Total equity capital$3,330
Total bank equity capital$3,330
Perpetual preferred stock$0
Common stock$599
Surplus$11,407
Undivided profits $-8,676
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $18,970
Earning assets $0
Long-term assets (5+ years) $556
Average Assets, year-to-date $108,056
Average Assets, quarterly $13,303
Volatile liabilities $138,474
Insider loans $126,583
FHLB advances $97,334
Loans and leases held for sale $123,330
Unused loan commitments $1,158
Tier 1 (core) risk-based capital $1,158
Tier 2 risk-based capital $3,215
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,525
Derivatives$2,946
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,703
Total interest expense $1,579
Net interest income $4,124
Provision for loan and lease losses $2,360
Total noninterest income -$559
Fiduciary activities $0
Service charges on deposit accounts $549
Trading account gains & fees $0
Additional noninterest income -$1,108
Total noninterest expense $4,756
Salaries and employee benefits $2,024
Premises and equipment expense $856
Additional noninterest expense $1,876
Pre-tax net operating income -$3,551
Securities gains (losses) $150
Applicable income taxes $0
Income before extraordinary items -$3,401
Extraordinary gains - net $0
Net income attributable to bank -$3,401
Net charge-offs $0
Cash dividends -$3,401
Sale, conversion, retirement of capital stock, net $1,988
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.75%
Cost of funding earning assets 1.31%
Net interest margin 3.43%
Noninterest income to earning assets -0.47%
Noninterest expense to earning assets 3.96%
Net operating income to assets -2.56%
Return on assets (ROA) -2.46%
Pretax return on assets -2.46%
Return on equity (ROE) -67.64%
Retained earnings to average equity (YTD only) -67.64%
Net charge-offs to loans 1.99%
Credit loss provision to net charge-offs 118.71%
Efficiency ratio-0.60%
Assets per employee$133,408
Cash dividends to net income (YTD only)3.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.52%
Noncurrent assets plus other real estate owned to assets 17.19%
Noncurrent loans to loans 20.33%
Net loans and leases to deposits20.47%
Net loans and leases to core deposits 78.84%
Equity capital to assets 85.54%
Core capital (leverage) ratio 2.69%
Tier 1 risk-based capital ratio 2.61%
Total risk-based capital ratio 3.30%
Memoranda
Average assets$5
Average earning assets$138,474
Average equity $5,028
Average loans $120,082
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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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