Citizens & Merchants State Bank in Douglasville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 25, 2008

  • Citizens & Merchants State Bank in Douglasville, Georgia (GA)
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Citizens & Merchants State Bank - Overview

  • General
  • FDIC Certificate #: 27056
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of North Georgia (#31203)
    Federal Reserve ID: 1156397
    Date Established: October 06, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 38655
    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: October 06, 1987
    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: 2991 Chapel Hill Road, Douglasville, GA 30135
    County: Douglas
    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: $273.3 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
  • 50Total employees (full-time equivalent)
  • $300,352Total assets
  • $4,790Cash and due from depository institutions
  • $39Interest-bearing balances
  • $33,408Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $244,534Net loans & leases
  • $5,497Loan loss allowance
  • $0Trading account assets
  • $7,877Bank premises and fixed assets
  • $4,686Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,057All other assets
  • $300,352Total liabilities and capital
  • $275,155Total liabilities
  • $239,525Total deposits
  • $233,084Interest-bearing deposits
  • $239,525Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $33,486Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,144All other liabilities
  • $25,197Total equity capital
  • $25,197Total bank equity capital
  • $25,197Perpetual preferred stock
  • $0Common stock
  • $1,159Surplus
  • $20,297Undivided profits
  • Memoranda
  • $3,741Noncurrent loans and leases
  • $53,967Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,505Earning assets
  • $0Long-term assets (5+ years)
  • $1,650Average Assets, year-to-date
  • $277,981Average Assets, quarterly
  • $17,387Volatile liabilities
  • $294,359Insider loans
  • $298,302FHLB advances
  • $64,098Loans and leases held for sale
  • $6,225Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $53,967Total unused commitments
  • $0Restructured Loans and leases
  • $3,405Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $22,532Total interest income
  • $11,085Total interest expense
  • $11,447Net interest income
  • $3,735Provision for loan and lease losses
  • $944Total noninterest income
  • $0Fiduciary activities
  • $732Service charges on deposit accounts
  • $0Trading account gains & fees
  • $212Additional noninterest income
  • $5,606Total noninterest expense
  • $2,877Salaries and employee benefits
  • $453Premises and equipment expense
  • $2,276Additional noninterest expense
  • $3,050Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,110Applicable income taxes
  • $1,940Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,940Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,064Sale, conversion, retirement of capital stock, net
  • $2,454Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.16%Yield on earning assets
  • 4.02%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 7.81%Return on equity (ROE)
  • -2.07%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 180.96%Credit loss provision to net charge-offs
  • 3.29%Efficiency ratio
  • 45,243Assets per employee
  • 6.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 126.49%Loss allowance to loans
  • 2.20%Loss allowance to noncurrent loans
  • 156.83%Noncurrent assets plus other real estate owned to assets
  • 2.73%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 102.09%Net loans and leases to core deposits
  • 117.05%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 9.25%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $294,359Average earning assets
  • $24,843Average equity
  • $275,996Average loans

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