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

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