Bank of Hartwell in Hartwell, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 04, 2000

Bank of Hartwell in Hartwell, Georgia (GA)
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Bank of Hartwell - Overview

General
FDIC Certificate #: 18450
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northeast Georgia Bank (#15771)
Federal Reserve ID: 566935
Date Established: November 09, 1961
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11985
FDIC's unique #: 12350
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: November 09, 1961
Last Structure Change Effective Date: April 04, 2000
Last Structure Change Process Date: June 16, 2000
Last Data Update: June 16, 2000
Data Source Date: April 05, 2012
Location
Address: 331 East Franklin Street, Hartwell, GA 30643
County: Hart
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: $84.7 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
30Total employees (full-time equivalent)
$79,551Total assets
$8,139Cash and due from depository institutions
$259Interest-bearing balances
$22,727Securities
$0Federal funds sold & reverse repurchase agreements
$45,545Net loans & leases
$527Loan loss allowance
$0Trading account assets
$1,444Bank premises and fixed assets
$590Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,106All other assets
$79,551Total liabilities and capital
$73,312Total liabilities
$68,447Total deposits
$60,969Interest-bearing deposits
$68,447Deposits held in domestic offices
0.00%% insured (estimated)
$730Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,480Other borrowed funds
$0Subordinated debt
$655All other liabilities
$6,239Total equity capital
$6,239Total bank equity capital
$6,239Perpetual preferred stock
$0Common stock
$300Surplus
$4,370Undivided profits
Memoranda
$1,569Noncurrent loans and leases
$5,840Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2Earning assets
$0Long-term assets (5+ years)
$373Average Assets, year-to-date
$68,531Average Assets, quarterly
$7,405Volatile liabilities
$78,558Insider loans
$79,678FHLB advances
$9,892Loans and leases held for sale
$537Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,840Total unused commitments
$0Restructured Loans and leases
$527Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,397Total interest income
$2,626Total interest expense
$2,771Net interest income
$68Provision for loan and lease losses
$356Total noninterest income
$0Fiduciary activities
$266Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$1,992Total noninterest expense
$987Salaries and employee benefits
$330Premises and equipment expense
$675Additional noninterest expense
$1,067Pre-tax net operating income
-$2Securities gains (losses)
$219Applicable income taxes
$846Income before extraordinary items
$0Extraordinary gains - net
$846Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$390Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.70%Yield on earning assets
3.75%Cost of funding earning assets
3.96%Net interest margin
0.51%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
1.08%Net operating income to assets
1.08%Return on assets (ROA)
1.36%Pretax return on assets
13.76%Return on equity (ROE)
7.42%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1700.00%Credit loss provision to net charge-offs
283.75%Efficiency ratio
63,703Assets per employee
2.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.10%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
26350.00%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.00%Net loans and leases to deposits
66.54%Net loans and leases to core deposits
73.12%Equity capital to assets
7.84%Core capital (leverage) ratio
8.70%Tier 1 risk-based capital ratio
13.88%Total risk-based capital ratio
Memoranda
$15Average assets
$78,558Average earning assets
$6,148Average equity
$70,062Average loans

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