Wheeler County State Bank in Alamo, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wheeler County State Bank - Overview

  • General
  • FDIC Certificate #: 16228
    Status: Active
    Federal Reserve ID: 989534
    Bank Holding Company (Regulatory Top Holder): Wheeler Bancshares, Inc. (RSSDID: 3124822, Location: Alamo, GA)
    Date Established: June 29, 1934
    WWW: http://www.atlanticsouthbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 10426
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 26, 1945
    Last Structure Change Effective Date: Febuary 23, 2012
    Last Structure Change Process Date: Febuary 23, 2012
    Last Data Update: Febuary 23, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 313 W. Main St., Alamo, GA 30411
    County: Wheeler
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $95.8 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $83.3 mil
    Return on assets (ROA): 0.91% ($0.9 mil)
    Quarterly return on assets: 0.54% ($0.5 mil)
    Return on Equity (ROE): 7.98% ($1.0 mil)
    Quarterly return on equity: 4.35% ($0.5 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.91% ($871.6 mil)
    Quarterly Pretax return on assets: 0.54% ($517.2 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)
  • $95,782Total assets
  • $21,435Cash and due from depository institutions
  • $5,263Interest-bearing balances
  • $8,185Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $64,500Net loans & leases
  • $2,135Loan loss allowance
  • $0Trading account assets
  • $231Bank premises and fixed assets
  • $236Other real estate owned
  • $0Goodwill and other intangibles
  • $95,782Life insurance assets
  • $1,195All other assets
  • $83,779Total liabilities and capital
  • $83,338Total liabilities
  • $61,983Total deposits
  • $83,338Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $441Subordinated debt
  • $12,003All other liabilities
  • $12,003Total equity capital
  • $12,003Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,575Surplus
  • $5,128Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,396Income earned, not collected on loans
  • $0Earning assets
  • $576Long-term assets (5+ years)
  • $77,948Average Assets, year-to-date
  • $4,708Average Assets, quarterly
  • $101,574Volatile liabilities
  • $96,546Insider loans
  • $61,538FHLB advances
  • $97,211Loans and leases held for sale
  • $437Unused loan commitments
  • $437Tier 1 (core) risk-based capital
  • $11,939Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,070Restructured Loans and leases
  • $186Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,174Total interest income
  • $1,273Total interest expense
  • $3,901Net interest income
  • $528Provision for loan and lease losses
  • $343Total noninterest income
  • $0Fiduciary activities
  • $413Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$70Additional noninterest income
  • $2,798Total noninterest expense
  • $1,350Salaries and employee benefits
  • $474Premises and equipment expense
  • $974Additional noninterest expense
  • $918Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $922Income before extraordinary items
  • $0Extraordinary gains - net
  • $922Net income attributable to bank
  • $0Net charge-offs
  • $922Cash dividends
  • $1,191Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.06%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 7.98%Return on equity (ROE)
  • 7.98%Retained earnings to average equity (YTD only)
  • 1.65%Net charge-offs to loans
  • 44.33%Credit loss provision to net charge-offs
  • 1.21%Efficiency ratio
  • 65,928Assets per employee
  • 3.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.20%Loss allowance to noncurrent loans
  • 152.94%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 2.09%Net loans and leases to deposits
  • 77.40%Net loans and leases to core deposits
  • 83.27%Equity capital to assets
  • 12.53%Core capital (leverage) ratio
  • 12.28%Tier 1 risk-based capital ratio
  • 19.40%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $101,574Average earning assets
  • $11,550Average equity
  • $85,377Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010426Wheeler County State Bank313 W. Main St., Alamo, GA 30411June 29, 1934Full Service Brick and Mortar
    1237634Glenwood BranchHighway 280 And Georgia Highway 19, Glenwood, GA 30428April 11, 1983Full Service Brick and Mortar
    2441842Atlantic South Bank Dublin Branch1409 Bellevue Avenue, Dublin, GA 31021July 15, 2005Full Service Brick and Mortar
    3479136Atlantic South Bank A Division Of Wh2142 Hwy 441s, Dublin, GA 31021October 04, 2007Full Service Brick and Mortar

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