Century South Bank of Lavonia in Lavonia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 2001

Century South Bank of Lavonia in Lavonia, Georgia (GA)
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Century South Bank of Lavonia - Overview

General
FDIC Certificate #: 27345
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 1218482
Date Established: October 10, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 14708
FDIC's unique #: 39619
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: October 10, 1988
Last Structure Change Effective Date: November 09, 2001
Last Structure Change Process Date: November 21, 2001
Last Data Update: November 21, 2001
Data Source Date: April 05, 2012
Location
Address: 13321 Jones Street, Lavonia, GA 30553
County: Franklin
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: $55.2 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, 2000)

Dollar figures in thousands
18Total employees (full-time equivalent)
$51,080Total assets
$895Cash and due from depository institutions
$39Interest-bearing balances
$5,176Securities
$0Federal funds sold & reverse repurchase agreements
$43,419Net loans & leases
$444Loan loss allowance
$0Trading account assets
$493Bank premises and fixed assets
$340Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$757All other assets
$51,080Total liabilities and capital
$46,798Total liabilities
$44,101Total deposits
$39,147Interest-bearing deposits
$44,101Deposits held in domestic offices
0.00%% insured (estimated)
$1,920Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$777All other liabilities
$4,282Total equity capital
$4,282Total bank equity capital
$4,282Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,200Undivided profits
Memoranda
$1,582Noncurrent loans and leases
$2,851Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$456Earning assets
$0Long-term assets (5+ years)
$441Average Assets, year-to-date
$48,634Average Assets, quarterly
$5,781Volatile liabilities
$50,040Insider loans
$51,011FHLB advances
$15,545Loans and leases held for sale
$919Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,851Total unused commitments
$0Restructured Loans and leases
$412Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$4,468Total interest income
$2,133Total interest expense
$2,335Net interest income
$76Provision for loan and lease losses
$404Total noninterest income
$0Fiduciary activities
$239Service charges on deposit accounts
$0Trading account gains & fees
$165Additional noninterest income
$1,467Total noninterest expense
$679Salaries and employee benefits
$114Premises and equipment expense
$674Additional noninterest expense
$1,196Pre-tax net operating income
$0Securities gains (losses)
$413Applicable income taxes
$783Income before extraordinary items
$0Extraordinary gains - net
$783Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$98Sale, conversion, retirement of capital stock, net
$380Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.43%Yield on earning assets
4.50%Cost of funding earning assets
4.93%Net interest margin
0.85%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
1.56%Net operating income to assets
1.56%Return on assets (ROA)
2.39%Pretax return on assets
19.51%Return on equity (ROE)
10.04%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
77.55%Credit loss provision to net charge-offs
12.98%Efficiency ratio
53,560Assets per employee
2.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.53%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
97.37%Noncurrent assets plus other real estate owned to assets
1.56%Noncurrent loans to loans
1.04%Net loans and leases to deposits
98.45%Net loans and leases to core deposits
142.47%Equity capital to assets
8.38%Core capital (leverage) ratio
8.42%Tier 1 risk-based capital ratio
13.06%Total risk-based capital ratio
Memoranda
$14Average assets
$50,040Average earning assets
$4,014Average equity
$47,388Average loans

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