West Central Georgia Bank in Thomaston, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • West Central Georgia Bank in Thomaston, Georgia (GA)
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West Central Georgia Bank - Overview

  • General
  • FDIC Certificate #: 21526
    Status: Active
    Federal Reserve ID: 280138
    Bank Holding Company (Regulatory Top Holder): Wcg Bancshares, Inc. (RSSDID: 1083998, Location: Thomaston, GA)
    Date Established: April 15, 1974
    WWW: http://www.wcgb.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 #: 12065
    FDIC's unique #: 14887
    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: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: April 15, 1974
    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: 617 North Church Street, Thomaston, GA 30286
    County: Upson
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Thomaston, GA (#45580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $114.6 mil
    Equity capital: $24.4 mil
    Deposits held in domestic offices: $89.0 mil
    Return on assets (ROA): 1.60% ($1.8 mil)
    Quarterly return on assets: 1.41% ($1.6 mil)
    Return on Equity (ROE): 7.70% ($1.8 mil)
    Quarterly return on equity: 6.58% ($1.6 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.10% ($2,407.0 mil)
    Quarterly Pretax return on assets: 1.90% ($2,177.8 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
  • 34Total employees (full-time equivalent)
  • $114,621Total assets
  • $11,006Cash and due from depository institutions
  • $8Interest-bearing balances
  • $37,333Securities
  • $5,130Federal funds sold & reverse repurchase agreements
  • $55,656Net loans & leases
  • $952Loan loss allowance
  • $0Trading account assets
  • $538Bank premises and fixed assets
  • $285Other real estate owned
  • $0Goodwill and other intangibles
  • $114,621Life insurance assets
  • $4,673All other assets
  • $90,270Total liabilities and capital
  • $89,020Total liabilities
  • $75,163Total deposits
  • $89,020Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21Trading liabilities
  • $0Other borrowed funds
  • $1,229Subordinated debt
  • $24,351All other liabilities
  • $24,351Total equity capital
  • $24,351Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $7,200Surplus
  • $16,351Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $423Income earned, not collected on loans
  • $0Earning assets
  • $645Long-term assets (5+ years)
  • $98,127Average Assets, year-to-date
  • $33,475Average Assets, quarterly
  • $111,783Volatile liabilities
  • $112,871Insider loans
  • $64,704FHLB advances
  • $111,435Loans and leases held for sale
  • $3,099Unused loan commitments
  • $3,099Tier 1 (core) risk-based capital
  • $23,710Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,859Restructured Loans and leases
  • $804Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,291Total interest income
  • $738Total interest expense
  • $4,553Net interest income
  • $200Provision for loan and lease losses
  • $816Total noninterest income
  • $0Fiduciary activities
  • $565Service charges on deposit accounts
  • $0Trading account gains & fees
  • $251Additional noninterest income
  • $2,821Total noninterest expense
  • $1,760Salaries and employee benefits
  • $354Premises and equipment expense
  • $707Additional noninterest expense
  • $2,348Pre-tax net operating income
  • $0Securities gains (losses)
  • $565Applicable income taxes
  • $1,783Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,783Net income attributable to bank
  • $0Net charge-offs
  • $1,783Cash dividends
  • $249Sale, conversion, retirement of capital stock, net
  • $131Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 7.70%Return on equity (ROE)
  • 7.14%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 80.32%Credit loss provision to net charge-offs
  • 10.23%Efficiency ratio
  • 52,542Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.35%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 225.06%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 62.52%Net loans and leases to core deposits
  • 63.56%Equity capital to assets
  • 21.24%Core capital (leverage) ratio
  • 21.28%Tier 1 risk-based capital ratio
  • 36.64%Total risk-based capital ratio
  • Memoranda
  • $38Average assets
  • $111,783Average earning assets
  • $23,152Average equity
  • $96,439Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014887West Central Georgia Bank617 North Church Street, Thomaston, GA 30286April 15, 1974Full Service Brick and Mortar
    1253002Downtown Branch101 West Gordon Street, Thomaston, GA 30286April 12, 1976Full Service Brick and Mortar
    2253003North Thomaston Branch1021a Highway 19 North, Suite 1, Thomaston, GA 30286April 10, 1989Full Service Brick and Mortar

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