Cairo Banking Company in Meigs, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 28, 2006

Cairo Banking Company in Meigs, Georgia (GA)
Show street view No street view available for this location

Cairo Banking Company - Overview

General
FDIC Certificate #: 8483
Status: Inactive
Closing history: Office Sold
Acquiring institution: First National Bank of Nassau County (#35049)
Federal Reserve ID: 119331
Date Established: November 23, 1903
WWW: http://www.amerisbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12654
FDIC's unique #: 5397
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 28, 2006
Last Structure Change Process Date: January 18, 2007
Last Data Update: January 18, 2007
Data Source Date: April 05, 2012
Location
Address: 2023 East Depot Street, Meigs, GA 31765
County: Thomas
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
Core Based Statistical Area (CBSA): Thomasville, GA (#45620)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Change in Location
Office Sold
Financial Summary
Total assets: $85.5 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, 2005)

Dollar figures in thousands
25Total employees (full-time equivalent)
$91,965Total assets
$5,724Cash and due from depository institutions
$730Interest-bearing balances
$36,415Securities
$7,623Federal funds sold & reverse repurchase agreements
$39,167Net loans & leases
$934Loan loss allowance
$0Trading account assets
$1,129Bank premises and fixed assets
$0Other real estate owned
$28Goodwill and other intangibles
$0Life insurance assets
$1,879All other assets
$91,965Total liabilities and capital
$84,777Total liabilities
$76,479Total deposits
$67,521Interest-bearing deposits
$76,479Deposits held in domestic offices
0.00%% insured (estimated)
$243Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,700Other borrowed funds
$0Subordinated debt
$355All other liabilities
$7,188Total equity capital
$7,188Total bank equity capital
$7,188Perpetual preferred stock
$0Common stock
$375Surplus
$4,653Undivided profits
Memoranda
$2,160Noncurrent loans and leases
$4,256Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$207Earning assets
$0Long-term assets (5+ years)
$821Average Assets, year-to-date
$83,935Average Assets, quarterly
$12,459Volatile liabilities
$90,479Insider loans
$90,186FHLB advances
$10,971Loans and leases held for sale
$2,061Unused loan commitments
$7,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,256Total unused commitments
$0Restructured Loans and leases
$629Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$4,969Total interest income
$1,472Total interest expense
$3,497Net interest income
-$38Provision for loan and lease losses
$692Total noninterest income
$0Fiduciary activities
$613Service charges on deposit accounts
$0Trading account gains & fees
$79Additional noninterest income
$2,300Total noninterest expense
$1,102Salaries and employee benefits
$188Premises and equipment expense
$1,010Additional noninterest expense
$1,927Pre-tax net operating income
-$48Securities gains (losses)
$647Applicable income taxes
$1,232Income before extraordinary items
$0Extraordinary gains - net
$1,232Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$300Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
1.74%Cost of funding earning assets
4.14%Net interest margin
0.82%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
1.40%Net operating income to assets
1.36%Return on assets (ROA)
2.08%Pretax return on assets
18.10%Return on equity (ROE)
13.69%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
3800.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,906Assets per employee
3.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.35%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
451.21%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.52%Net loans and leases to deposits
51.21%Net loans and leases to core deposits
59.57%Equity capital to assets
7.82%Core capital (leverage) ratio
8.34%Tier 1 risk-based capital ratio
15.09%Total risk-based capital ratio
Memoranda
$16Average assets
$90,479Average earning assets
$6,806Average equity
$84,529Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cairo Banking Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.