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


  • The Peoples Bank in Covington, Georgia (GA)
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The Peoples Bank - Overview

  • General
  • FDIC Certificate #: 173
    Status: Active
    Federal Reserve ID: 709031
    Bank Holding Company (Regulatory Top Holder): Persons Banking Co., Inc. (RSSDID: 1081314, Location: Macon, GA)
    Date Established: January 01, 1910
    WWW: http://www.peoplesbankga.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 9843
    FDIC's unique #: 138
    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: March 30, 2009
    Last Structure Change Process Date: May 04, 2009
    Last Data Update: May 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6124 Highway 278 Ne, Covington, GA 30014
    County: Newton
    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)
  • History of Changes
  • Office Sold
  • Financial Summary
  • Total assets: $117.7 mil
    Equity capital: $5.1 mil
    Deposits held in domestic offices: $112.4 mil
    Return on assets (ROA): -2.05% (-$2.4 mil)
    Quarterly return on assets: -4.85% (-$5.7 mil)
    Return on Equity (ROE): -38.61% (-$1.9 mil)
    Quarterly return on equity: -101.04% (-$5.1 mil)
    Net income: -$2.7 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -2.05% (-$2,413.3 mil)
    Quarterly Pretax return on assets: -4.85% (-$5,709.5 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
  • 28Total employees (full-time equivalent)
  • $117,722Total assets
  • $7,117Cash and due from depository institutions
  • $5,862Interest-bearing balances
  • $14,961Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,872Net loans & leases
  • $2,076Loan loss allowance
  • $0Trading account assets
  • $3,430Bank premises and fixed assets
  • $14,391Other real estate owned
  • $0Goodwill and other intangibles
  • $117,722Life insurance assets
  • $951All other assets
  • $112,644Total liabilities and capital
  • $112,413Total liabilities
  • $100,667Total deposits
  • $112,413Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $231Subordinated debt
  • $5,078All other liabilities
  • $5,078Total equity capital
  • $5,078Total bank equity capital
  • $0Perpetual preferred stock
  • $170Common stock
  • $10,845Surplus
  • $-5,937Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,545Income earned, not collected on loans
  • $0Earning assets
  • $355Long-term assets (5+ years)
  • $97,695Average Assets, year-to-date
  • $10,011Average Assets, quarterly
  • $129,659Volatile liabilities
  • $121,187Insider loans
  • $88,706FHLB advances
  • $121,213Loans and leases held for sale
  • $100Unused loan commitments
  • $100Tier 1 (core) risk-based capital
  • $5,064Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,757Restructured Loans and leases
  • $758Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,828Total interest income
  • $1,121Total interest expense
  • $3,707Net interest income
  • $275Provision for loan and lease losses
  • -$909Total noninterest income
  • $0Fiduciary activities
  • $832Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,741Additional noninterest income
  • $5,417Total noninterest expense
  • $1,815Salaries and employee benefits
  • $496Premises and equipment expense
  • $3,106Additional noninterest expense
  • -$2,894Pre-tax net operating income
  • $242Securities gains (losses)
  • $0Applicable income taxes
  • -$2,652Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,652Net income attributable to bank
  • $0Net charge-offs
  • -$2,652Cash dividends
  • $1,233Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.42%Net interest margin
  • -0.84%Noninterest income to earning assets
  • 5.00%Noninterest expense to earning assets
  • -2.23%Net operating income to assets
  • -2.05%Return on assets (ROA)
  • -2.05%Pretax return on assets
  • -38.61%Return on equity (ROE)
  • -38.61%Retained earnings to average equity (YTD only)
  • 1.47%Net charge-offs to loans
  • 22.30%Credit loss provision to net charge-offs
  • -2.12%Efficiency ratio
  • 193,603Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 16.55%Noncurrent assets plus other real estate owned to assets
  • 22.88%Noncurrent loans to loans
  • 15.89%Net loans and leases to deposits
  • 68.38%Net loans and leases to core deposits
  • 69.67%Equity capital to assets
  • 4.31%Core capital (leverage) ratio
  • 4.18%Tier 1 risk-based capital ratio
  • 5.71%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $129,659Average earning assets
  • $6,868Average equity
  • $108,279Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0138The Peoples Bank6124 Highway 278 Ne, Covington, GA 30014January 01, 1910Full Service Brick and Mortar
    2181300Conyers Branch1793 Highway 138 South, Conyers, GA 30013August 11, 1997Full Service Brick and Mortar

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