Barnett Bank of Southwest Georgia in Columbus, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 19, 1997

  • Barnett Bank of Southwest Georgia in Columbus, Georgia (GA)
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Barnett Bank of Southwest Georgia - Overview

  • General
  • FDIC Certificate #: 32636
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 1362303
    Date Established: December 27, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 8554
    FDIC's unique #: 45470
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 27, 1988
    Last Structure Change Effective Date: September 19, 1997
    Last Structure Change Process Date: September 30, 1997
    Last Data Update: September 29, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1234 First Avenue, Columbus, GA 31901
    County: Muscogee
    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
    Metropolitan Statistical Area (MSA): Columbus, GA-AL (#1800)
    Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194)
    Core Based Statistical Area (CBSA): Columbus, GA-AL (#17980)
    CBSA Metro Statistical Area: Columbus, GA-AL (#17980)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $277.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $100Total assets
  • $286,739Cash and due from depository institutions
  • $13,061Interest-bearing balances
  • $0Securities
  • $38,844Federal funds sold & reverse repurchase agreements
  • $5,700Net loans & leases
  • $204,848Loan loss allowance
  • $3,768Trading account assets
  • $0Bank premises and fixed assets
  • $7,456Other real estate owned
  • $189Goodwill and other intangibles
  • $6,888Life insurance assets
  • $9,753All other assets
  • $0Total liabilities and capital
  • $286,739Total liabilities
  • $241,102Total deposits
  • $237,916Interest-bearing deposits
  • $223,697Deposits held in domestic offices
  • 237916.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $432Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,754Total equity capital
  • $2,754Total bank equity capital
  • $45,637Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $34,550Undivided profits
  • Memoranda
  • $8,087Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,747Income earned, not collected on loans
  • $1,675Earning assets
  • $249,392Long-term assets (5+ years)
  • $35,329Average Assets, year-to-date
  • $313,270Average Assets, quarterly
  • $291,843Volatile liabilities
  • $16,744Insider loans
  • $5,636FHLB advances
  • $0Loans and leases held for sale
  • $1,557Unused loan commitments
  • $76,060Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $35,967Total risk weighted assets
  • $220,396Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $26,185Total interest expense
  • $11,583Net interest income
  • $14,602Provision for loan and lease losses
  • $6,398Total noninterest income
  • $5,406Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,466Trading account gains & fees
  • $0Additional noninterest income
  • $3,940Total noninterest expense
  • $17,766Salaries and employee benefits
  • $3,039Premises and equipment expense
  • $1,311Additional noninterest expense
  • $13,416Pre-tax net operating income
  • -$4,156Securities gains (losses)
  • $0Applicable income taxes
  • -$931Income before extraordinary items
  • -$3,225Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,225Net charge-offs
  • $5,460Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.38%Cost of funding earning assets
  • 4.15%Net interest margin
  • 5.23%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 6.36%Net operating income to assets
  • -1.03%Return on assets (ROA)
  • -1.03%Pretax return on assets
  • -1.33%Return on equity (ROE)
  • -6.84%Retained earnings to average equity (YTD only)
  • -6.84%Net charge-offs to loans
  • 2.03%Credit loss provision to net charge-offs
  • 117.18%Efficiency ratio
  • 79,763Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 137.17%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 86.10%Net loans and leases to core deposits
  • 92.44%Equity capital to assets
  • 15.92%Core capital (leverage) ratio
  • 12.93%Tier 1 risk-based capital ratio
  • 16.32%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $313,270Average earning assets
  • $47,140Average equity
  • $279,302Average loans

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