United Security Bank in Sparta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 06, 2009

  • United Security Bank in Sparta, Georgia (GA)
  • Show street view No street view available for this location

United Security Bank - Overview

  • General
  • FDIC Certificate #: 22286
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Ameris Bank (#20504)
    Federal Reserve ID: 489735
    Date Established: September 12, 1932
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15497
    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: June 14, 1976
    Last Structure Change Effective Date: November 06, 2009
    Last Structure Change Process Date: November 09, 2009
    Last Data Update: November 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 9031 East Broad Street, Sparta, GA 31087
    County: Hancock
    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): Milledgeville, GA (#33300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $153.6 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, 2008)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $153,718Total assets
  • $3,282Cash and due from depository institutions
  • $641Interest-bearing balances
  • $9,187Securities
  • $7,580Federal funds sold & reverse repurchase agreements
  • $118,887Net loans & leases
  • $1,073Loan loss allowance
  • $0Trading account assets
  • $3,403Bank premises and fixed assets
  • $9,089Other real estate owned
  • $0Goodwill and other intangibles
  • $752Life insurance assets
  • $2,290All other assets
  • $153,718Total liabilities and capital
  • $144,584Total liabilities
  • $137,582Total deposits
  • $128,202Interest-bearing deposits
  • $137,582Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,500Other borrowed funds
  • $0Subordinated debt
  • $502All other liabilities
  • $9,134Total equity capital
  • $9,134Total bank equity capital
  • $9,134Perpetual preferred stock
  • $0Common stock
  • $70Surplus
  • $7,330Undivided profits
  • Memoranda
  • $1,734Noncurrent loans and leases
  • $6,466Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,987Earning assets
  • $0Long-term assets (5+ years)
  • $869Average Assets, year-to-date
  • $136,295Average Assets, quarterly
  • $11,148Volatile liabilities
  • $147,131Insider loans
  • $155,313FHLB advances
  • $37,184Loans and leases held for sale
  • $456Unused loan commitments
  • $6,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,466Total unused commitments
  • $0Restructured Loans and leases
  • $1,073Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $9,056Total interest income
  • $5,694Total interest expense
  • $3,362Net interest income
  • $583Provision for loan and lease losses
  • $467Total noninterest income
  • $0Fiduciary activities
  • $346Service charges on deposit accounts
  • $0Trading account gains & fees
  • $121Additional noninterest income
  • $3,957Total noninterest expense
  • $1,361Salaries and employee benefits
  • $776Premises and equipment expense
  • $1,820Additional noninterest expense
  • -$711Pre-tax net operating income
  • -$19Securities gains (losses)
  • $0Applicable income taxes
  • -$730Income before extraordinary items
  • $0Extraordinary gains - net
  • -$730Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,626Sale, conversion, retirement of capital stock, net
  • $1,156Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 4.20%Cost of funding earning assets
  • 2.48%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.50%Return on assets (ROA)
  • -0.50%Pretax return on assets
  • -7.57%Return on equity (ROE)
  • -19.57%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 35.85%Credit loss provision to net charge-offs
  • -0.08%Efficiency ratio
  • 103,343Assets per employee
  • 6.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -158.36%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 11.94%Noncurrent assets plus other real estate owned to assets
  • 11.76%Noncurrent loans to loans
  • 7.49%Net loans and leases to deposits
  • 86.41%Net loans and leases to core deposits
  • 112.80%Equity capital to assets
  • 5.94%Core capital (leverage) ratio
  • 6.14%Tier 1 risk-based capital ratio
  • 7.55%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $147,131Average earning assets
  • $9,637Average equity
  • $135,675Average loans

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