Bank of Banks County in Homer, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

Bank of Banks County in Homer, Georgia (GA)
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Bank of Banks County - Overview

General
FDIC Certificate #: 21882
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 103938
Date Established: December 28, 1974
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 15161
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 28, 1974
Last Structure Change Effective Date: June 14, 1996
Last Structure Change Process Date: July 24, 1996
Last Data Update: July 24, 1996
Data Source Date: April 05, 2012
Location
Address: U.S. Highway 441, Homer, GA 30547
County: Banks
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
Financial Summary
Total assets: $66.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$32Total assets
$67,010Cash and due from depository institutions
$2,603Interest-bearing balances
$396Securities
$16,595Federal funds sold & reverse repurchase agreements
$1,913Net loans & leases
$43,756Loan loss allowance
$570Trading account assets
$0Bank premises and fixed assets
$1,170Other real estate owned
$63Goodwill and other intangibles
$910Life insurance assets
$0All other assets
$0Total liabilities and capital
$67,010Total liabilities
$61,896Total deposits
$60,206Interest-bearing deposits
$50,622Deposits held in domestic offices
60206.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$1,317Trading liabilities
$0Other borrowed funds
$74Subordinated debt
$0All other liabilities
$299Total equity capital
$299Total bank equity capital
$5,114Perpetual preferred stock
$0Common stock
$250Surplus
$3,750Undivided profits
Memoranda
$1,114Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$171Income earned, not collected on loans
$382Earning assets
$62,660Long-term assets (5+ years)
$5,748Average Assets, year-to-date
$61,168Average Assets, quarterly
$63,965Volatile liabilities
$11,526Insider loans
$503FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,161Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,081Total risk weighted assets
$44,801Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,369Total interest expense
$2,178Net interest income
$3,191Provision for loan and lease losses
$280Total noninterest income
$603Fiduciary activities
$0Service charges on deposit accounts
$399Trading account gains & fees
$0Additional noninterest income
$204Total noninterest expense
$2,109Salaries and employee benefits
$958Premises and equipment expense
$262Additional noninterest expense
$889Pre-tax net operating income
$1,405Securities gains (losses)
$15Applicable income taxes
$512Income before extraordinary items
$908Extraordinary gains - net
$0Net income attributable to bank
$908Net charge-offs
$286Cash dividends
$411Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.36%Cost of funding earning assets
3.80%Net interest margin
5.56%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
3.68%Net operating income to assets
1.47%Return on assets (ROA)
1.48%Pretax return on assets
2.32%Return on equity (ROE)
18.91%Retained earnings to average equity (YTD only)
10.35%Net charge-offs to loans
0.66%Credit loss provision to net charge-offs
97.90%Efficiency ratio
55,588Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.26%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
333.33%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.39%Net loans and leases to deposits
72.68%Net loans and leases to core deposits
87.39%Equity capital to assets
7.63%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
11.34%Total risk-based capital ratio
Memoranda
$13Average assets
$61,168Average earning assets
$4,802Average equity
$57,382Average loans

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