Citizens Bank and Trust of West Georgia in Carrollton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 25, 2008

  • Citizens Bank and Trust of West Georgia in Carrollton, Georgia (GA)
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Citizens Bank and Trust of West Georgia - Overview

  • General
  • FDIC Certificate #: 16591
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of North Georgia (#31203)
    Federal Reserve ID: 557933
    Date Established: July 01, 1947
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 10736
    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: July 01, 1947
    Last Structure Change Effective Date: October 25, 2008
    Last Structure Change Process Date: November 07, 2008
    Last Data Update: November 07, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 College Street, Carrollton, GA 30117
    County: Carroll
    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): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $469.5 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, 2007)

  • Dollar figures in thousands
  • 141Total employees (full-time equivalent)
  • $507,393Total assets
  • $10,915Cash and due from depository institutions
  • $35Interest-bearing balances
  • $84,566Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $376,938Net loans & leases
  • $7,360Loan loss allowance
  • $0Trading account assets
  • $11,891Bank premises and fixed assets
  • $11,939Other real estate owned
  • $494Goodwill and other intangibles
  • $0Life insurance assets
  • $10,650All other assets
  • $507,393Total liabilities and capital
  • $469,190Total liabilities
  • $413,127Total deposits
  • $394,223Interest-bearing deposits
  • $413,127Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $23,378Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,000Other borrowed funds
  • $0Subordinated debt
  • $4,685All other liabilities
  • $38,203Total equity capital
  • $38,203Total bank equity capital
  • $38,203Perpetual preferred stock
  • $0Common stock
  • $216Surplus
  • $22,199Undivided profits
  • Memoranda
  • $15,788Noncurrent loans and leases
  • $47,037Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $18,268Earning assets
  • $1,175Long-term assets (5+ years)
  • $4,170Average Assets, year-to-date
  • $461,539Average Assets, quarterly
  • $48,820Volatile liabilities
  • $522,567Insider loans
  • $517,873FHLB advances
  • $129,677Loans and leases held for sale
  • $16,044Unused loan commitments
  • $28,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $47,037Total unused commitments
  • $0Restructured Loans and leases
  • $5,008Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $38,100Total interest income
  • $19,305Total interest expense
  • $18,795Net interest income
  • $7,701Provision for loan and lease losses
  • $4,340Total noninterest income
  • $0Fiduciary activities
  • $3,458Service charges on deposit accounts
  • $0Trading account gains & fees
  • $882Additional noninterest income
  • $15,278Total noninterest expense
  • $7,655Salaries and employee benefits
  • $1,652Premises and equipment expense
  • $5,971Additional noninterest expense
  • $156Pre-tax net operating income
  • -$2Securities gains (losses)
  • -$130Applicable income taxes
  • $284Income before extraordinary items
  • $0Extraordinary gains - net
  • $284Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6,831Sale, conversion, retirement of capital stock, net
  • $2,818Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.93%Yield on earning assets
  • 4.02%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.05%Net operating income to assets
  • 0.05%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.72%Return on equity (ROE)
  • -6.45%Retained earnings to average equity (YTD only)
  • 1.69%Net charge-offs to loans
  • 112.74%Credit loss provision to net charge-offs
  • 1.15%Efficiency ratio
  • 66,038Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 992.25%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 40.29%Noncurrent assets plus other real estate owned to assets
  • 5.95%Noncurrent loans to loans
  • 4.75%Net loans and leases to deposits
  • 91.24%Net loans and leases to core deposits
  • 122.85%Equity capital to assets
  • 7.53%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 9.36%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $522,567Average earning assets
  • $39,270Average equity
  • $480,232Average loans

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