Tifton Banking Company in Tifton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 12, 2010

  • Tifton Banking Company in Tifton, Georgia (GA)
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Tifton Banking Company - Overview

  • General
  • FDIC Certificate #: 57831
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Ameris Bank (#20504)
    Federal Reserve ID: 3298769
    Date Established: October 12, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 427064
    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: October 12, 2004
    Last Structure Change Effective Date: November 12, 2010
    Last Structure Change Process Date: November 15, 2010
    Last Data Update: November 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 729 West Second Street, Tifton, GA 31794
    County: Tift
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Tifton, GA (#45700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $143.7 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
  • 16Total employees (full-time equivalent)
  • $191,870Total assets
  • $39,088Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,040Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $136,986Net loans & leases
  • $5,766Loan loss allowance
  • $0Trading account assets
  • $1,977Bank premises and fixed assets
  • $535Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,244All other assets
  • $191,870Total liabilities and capital
  • $178,989Total liabilities
  • $164,289Total deposits
  • $150,645Interest-bearing deposits
  • $164,289Deposits held in domestic offices
  • 93.74%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,615Other borrowed funds
  • $0Subordinated debt
  • $85All other liabilities
  • $12,881Total equity capital
  • $12,881Total bank equity capital
  • $12,881Perpetual preferred stock
  • $3,800Common stock
  • $5,031Surplus
  • $5,198Undivided profits
  • Memoranda
  • $-1,148Noncurrent loans and leases
  • $7,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12,545Earning assets
  • $0Long-term assets (5+ years)
  • $1,780Average Assets, year-to-date
  • $144,026Average Assets, quarterly
  • $4,574Volatile liabilities
  • $171,221Insider loans
  • $186,989FHLB advances
  • $42,040Loans and leases held for sale
  • $13,789Unused loan commitments
  • $14,615Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,468Total unused commitments
  • $0Restructured Loans and leases
  • $1,844Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $7,722Total interest income
  • $3,380Total interest expense
  • $4,342Net interest income
  • $7,296Provision for loan and lease losses
  • $547Total noninterest income
  • $0Fiduciary activities
  • $507Service charges on deposit accounts
  • $0Trading account gains & fees
  • $40Additional noninterest income
  • $2,990Total noninterest expense
  • $1,243Salaries and employee benefits
  • $242Premises and equipment expense
  • $1,505Additional noninterest expense
  • -$5,397Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,048Applicable income taxes
  • -$3,349Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,349Net income attributable to bank
  • $0Net charge-offs
  • -$3,349Cash dividends
  • $3,448Sale, conversion, retirement of capital stock, net
  • $137Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 2.35%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • -1.96%Net operating income to assets
  • -1.96%Return on assets (ROA)
  • -3.15%Pretax return on assets
  • -24.72%Return on equity (ROE)
  • -25.73%Retained earnings to average equity (YTD only)
  • 2.44%Net charge-offs to loans
  • 211.60%Credit loss provision to net charge-offs
  • 0.55%Efficiency ratio
  • 61,158Assets per employee
  • 11.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -4.09%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 45.96%Noncurrent assets plus other real estate owned to assets
  • 6.82%Noncurrent loans to loans
  • 8.79%Net loans and leases to deposits
  • 83.38%Net loans and leases to core deposits
  • 100.09%Equity capital to assets
  • 6.71%Core capital (leverage) ratio
  • 6.84%Tier 1 risk-based capital ratio
  • 8.93%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $171,221Average earning assets
  • $13,549Average equity
  • $143,867Average loans

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