Waycross Bank & Trust in Waycross, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Waycross Bank & Trust - Overview

  • General
  • FDIC Certificate #: 27254
    Status: Active
    Federal Reserve ID: 1191352
    Bank Holding Company (Regulatory Top Holder): Wb&T Bankshares, Inc. (RSSDID: 1493636, Location: Waycross, GA)
    Date Established: June 01, 1988
    WWW: http://www.waycrossbankandtrust.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 #: 11737
    FDIC's unique #: 39342
    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: June 01, 1988
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Tebeau Street, Waycross, GA 31501
    County: Ware
    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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $176.8 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $160.1 mil
    Return on assets (ROA): 0.76% ($1.3 mil)
    Quarterly return on assets: 0.93% ($1.6 mil)
    Return on Equity (ROE): 8.31% ($1.3 mil)
    Quarterly return on equity: 10.26% ($1.6 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.76% ($1,343.4 mil)
    Quarterly Pretax return on assets: 0.93% ($1,643.9 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
  • 39Total employees (full-time equivalent)
  • $176,768Total assets
  • $19,155Cash and due from depository institutions
  • $2,751Interest-bearing balances
  • $47,555Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,938Net loans & leases
  • $1,336Loan loss allowance
  • $0Trading account assets
  • $3,621Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $176,768Life insurance assets
  • $2,499All other assets
  • $161,117Total liabilities and capital
  • $160,087Total liabilities
  • $134,854Total deposits
  • $160,087Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,030Subordinated debt
  • $15,651All other liabilities
  • $15,651Total equity capital
  • $15,651Total bank equity capital
  • $0Perpetual preferred stock
  • $393Common stock
  • $5,534Surplus
  • $9,724Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37Income earned, not collected on loans
  • $0Earning assets
  • $713Long-term assets (5+ years)
  • $154,244Average Assets, year-to-date
  • $55,985Average Assets, quarterly
  • $156,058Volatile liabilities
  • $169,773Insider loans
  • $114,783FHLB advances
  • $171,023Loans and leases held for sale
  • $1,180Unused loan commitments
  • $1,180Tier 1 (core) risk-based capital
  • $15,050Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,258Restructured Loans and leases
  • $9,483Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,444Total interest income
  • $1,183Total interest expense
  • $5,261Net interest income
  • $337Provision for loan and lease losses
  • $725Total noninterest income
  • $0Fiduciary activities
  • $327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $398Additional noninterest income
  • $4,467Total noninterest expense
  • $2,561Salaries and employee benefits
  • $793Premises and equipment expense
  • $1,113Additional noninterest expense
  • $1,182Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,182Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,182Net income attributable to bank
  • $0Net charge-offs
  • $1,182Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 8.31%Return on equity (ROE)
  • 8.31%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1685.00%Credit loss provision to net charge-offs
  • 75.95%Efficiency ratio
  • 74,624Assets per employee
  • 4.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 3610.81%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 64.93%Net loans and leases to core deposits
  • 71.93%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 13.11%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $156,058Average earning assets
  • $14,223Average equity
  • $140,566Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039342Waycross Bank & Trust501 Tebeau Street, Waycross, GA 31501June 01, 1988Full Service Brick and Mortar
    4507379Brunswick Branch1001 Gloucester Street, Brunswick, GA 31520Febuary 22, 2010Full Service Brick and Mortar
    5520926South Coast Bank And Trust - Retreat190 Retreat Village, Saint Simons Island, GA 31522June 23, 2011Full Service Brick and Mortar

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