CharterBank in West Point, Georgia (GA), FL, AL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • CharterBank in West Point, Georgia (GA), FL, AL
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CharterBank - Overview

  • General
  • FDIC Certificate #: 30720
    Status: Active
    Federal Reserve ID: 551070
    Date Established: June 15, 1954
    WWW: http://www.charterbank.net
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 23 (Domestic: 23, Interstate: Yes)
    OTS Docket #: 5798
    FDIC's unique #: 43554
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 15, 1954
    Last Structure Change Effective Date: September 09, 2011
    Last Structure Change Process Date: September 12, 2011
    Last Data Update: September 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1233 O.G. Skinner Dr, West Point, GA 31833
    County: Troup
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): LaGrange, GA (#29300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,115.4 mil
    Equity capital: $128.6 mil
    Deposits held in domestic offices: $869.2 mil
    Return on assets (ROA): 0.29% ($3.2 mil)
    Quarterly return on assets: 0.21% ($2.3 mil)
    Return on Equity (ROE): 2.42% ($3.1 mil)
    Quarterly return on equity: 1.90% ($2.5 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.39% ($4,350.2 mil)
    Quarterly Pretax return on assets: 0.28% ($3,123.2 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, 2011)

  • Dollar figures in thousands
  • 304Total employees (full-time equivalent)
  • $1,115,432Total assets
  • $78,816Cash and due from depository institutions
  • $64,566Interest-bearing balances
  • $186,330Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $648,996Net loans & leases
  • $8,820Loan loss allowance
  • $0Trading account assets
  • $22,713Bank premises and fixed assets
  • $29,478Other real estate owned
  • $6,115Goodwill and other intangibles
  • $1,115,432Life insurance assets
  • $142,984All other assets
  • $986,811Total liabilities and capital
  • $869,236Total liabilities
  • $806,902Total deposits
  • $869,236Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $110,000Trading liabilities
  • $0Other borrowed funds
  • $7,575Subordinated debt
  • $128,621All other liabilities
  • $128,621Total equity capital
  • $128,621Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $49,186Surplus
  • $79,435Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,840Income earned, not collected on loans
  • $0Earning assets
  • $3,616Long-term assets (5+ years)
  • $899,892Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,059,007Volatile liabilities
  • $1,143,165Insider loans
  • $581,703FHLB advances
  • $1,112,407Loans and leases held for sale
  • $33,047Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $118,299Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $42,987Restructured Loans and leases
  • $326Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $46,221Total interest income
  • $13,794Total interest expense
  • $32,427Net interest income
  • $4,200Provision for loan and lease losses
  • $10,151Total noninterest income
  • $0Fiduciary activities
  • $966Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,185Additional noninterest income
  • $33,049Total noninterest expense
  • $17,039Salaries and employee benefits
  • $7,732Premises and equipment expense
  • $8,278Additional noninterest expense
  • $5,329Pre-tax net operating income
  • -$1,159Securities gains (losses)
  • $1,098Applicable income taxes
  • $3,072Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,072Net income attributable to bank
  • $0Net charge-offs
  • $3,072Cash dividends
  • $1,770Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 3.79%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 2.42%Return on equity (ROE)
  • 2.42%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 237.29%Credit loss provision to net charge-offs
  • 5.38%Efficiency ratio
  • 76,864Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 23.31%Noncurrent assets plus other real estate owned to assets
  • 6.04%Noncurrent loans to loans
  • 5.75%Net loans and leases to deposits
  • 74.66%Net loans and leases to core deposits
  • 78.41%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 11.28%Tier 1 risk-based capital ratio
  • 20.34%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $1,059,007Average earning assets
  • $126,808Average equity
  • $855,255Average loans

List of branches

  • 4 Alabama Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    10535926020th Avenue Branch3500 20th Avenue, Valley, AL 36854August 18, 1999Full Service Brick and Mortar
    107288374Downtown Branch701 2nd Avenue, Opelika, AL 36801August 02, 1994Full Service Brick and Mortar
    109425199Auburn Branch1605 East University Drive, Auburn, AL 36830January 01, 2001Full Service Brick and Mortar
    110464051S College Lee Conty Branch1684 S College, Auburn, AL 36830June 30, 2006Full Service Brick and Mortar
  • 8 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    12517405The First National Bank Of Florida B6512 Caroline Street, S. W., Milton, FL 32570June 01, 1984Full Service Brick and Mortar
    126257887Pace Branch4104 Hwy 90, Pace, FL 32570June 20, 1988Full Service Brick and Mortar
    127257888Navarre Branch10090 Navarre Parkway, Navarre, FL 32566August 26, 1991Full Service Brick and Mortar
    128257889Destin Branch17005 Emerald Coast Parkway, Destin, FL 32541April 10, 1998Full Service Brick and Mortar
    129257890Pensacola Branch1289 Airport Boulevard, Pensacola, FL 32504December 22, 1997Full Service Brick and Mortar
    130257891Mobile Highway Branch4600 Mobile Highway, Pensacola, FL 32506Febuary 01, 1999Full Service Brick and Mortar
    131257892Highway 29 Branch8960 Pensacola Boulevard, Pensacola, FL 32534September 15, 1999Full Service Brick and Mortar
    132356453U.S. Highway 90 Branch4965 Highway 90, Pace, FL 32571June 14, 2000Full Service Brick and Mortar
  • 11 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043554Charterbank1233 O.G. Skinner Dr, West Point, GA 31833June 15, 1954Full Service Brick and Mortar
    1281854300 Church Street Branch300 Church Street, La Grange, GA 30240June 15, 1954Full Service Brick and Mortar
    111464052South Davis Troup Branch555 S Davis Rd, Lagrange, GA 30240March 15, 2005Full Service Brick and Mortar
    11277674Industrial Blvd Branch145 Millard Farmer Industrial Boulevard, Newnan, GA 30263April 20, 2000Full Service Brick and Mortar
    113441785Branch 02 Branch60 Salbide Avenue, Newnan, GA 30263November 12, 2003Full Service Brick and Mortar
    114445269Branch 03 / Pchtree City300 Finance Avenue, Peachtree City, GA 30269August 15, 2005Full Service Brick and Mortar
    117495458Lagrange, Roanoke Road1861 Roanoke Rd Ste A2, Lagrange, GA 30240June 30, 2007Full Service Retail
    119495461Norcross Branch5448 Spalding Dr Bldg 100, Norcross, GA 30092July 10, 2008Full Service Brick and Mortar
    120363136Mcintosh Commercial Bank Branch820 Dixie Street, Carrollton, GA 30117November 05, 2002Full Service Brick and Mortar
    122465222Bremen Branch406 Alabama Avenue, Bremen, GA 30110June 30, 2007Full Service Brick and Mortar
    124522231West Point Branch600 3rd Ave, West Point, GA 31833August 09, 1989Full Service Brick and Mortar

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