Citizens Security Bank in city_name, state_name - Detailed Financial Reports, Location

Citizens Security Bank in Tifton, Georgia (GA)
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Citizens Security Bank - Overview

General
FDIC Certificate #: 16987
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Ameris Bank (#20504)
Federal Reserve ID: 439833
Date Established: July 02, 1945
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 #: 12467
FDIC's unique #: 11060
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: Febuary 23, 1951
Last Structure Change Effective Date: Febuary 11, 2006
Last Structure Change Process Date: Febuary 16, 2006
Last Data Update: Febuary 16, 2006
Data Source Date: April 05, 2012
Location
Address: 735 West Second Street, Tifton, GA 31794
County: Tift
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): Tifton, GA (#45700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $183.6 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
60Total employees (full-time equivalent)
$183,563Total assets
$7,157Cash and due from depository institutions
$1,782Interest-bearing balances
$33,928Securities
$3,250Federal funds sold & reverse repurchase agreements
$129,556Net loans & leases
$2,064Loan loss allowance
$0Trading account assets
$4,313Bank premises and fixed assets
$0Other real estate owned
$2,350Goodwill and other intangibles
$0Life insurance assets
$3,009All other assets
$183,563Total liabilities and capital
$166,744Total liabilities
$150,954Total deposits
$127,594Interest-bearing deposits
$150,954Deposits held in domestic offices
0.00%% insured (estimated)
$1,443Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,400Other borrowed funds
$0Subordinated debt
$947All other liabilities
$16,819Total equity capital
$16,819Total bank equity capital
$16,819Perpetual preferred stock
$0Common stock
$825Surplus
$12,105Undivided profits
Memoranda
$3,889Noncurrent loans and leases
$18,802Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$318Earning assets
$0Long-term assets (5+ years)
$1,471Average Assets, year-to-date
$168,516Average Assets, quarterly
$14,386Volatile liabilities
$173,501Insider loans
$181,967FHLB advances
$35,903Loans and leases held for sale
$6,012Unused loan commitments
$13,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,802Total unused commitments
$0Restructured Loans and leases
$1,734Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$11,174Total interest income
$2,958Total interest expense
$8,216Net interest income
-$16Provision for loan and lease losses
$1,964Total noninterest income
$0Fiduciary activities
$1,652Service charges on deposit accounts
$0Trading account gains & fees
$312Additional noninterest income
$5,470Total noninterest expense
$2,585Salaries and employee benefits
$424Premises and equipment expense
$2,461Additional noninterest expense
$4,726Pre-tax net operating income
-$20Securities gains (losses)
$1,628Applicable income taxes
$3,078Income before extraordinary items
$0Extraordinary gains - net
$3,078Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$37Sale, conversion, retirement of capital stock, net
$2,550Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.03%Yield on earning assets
1.86%Cost of funding earning assets
5.17%Net interest margin
1.24%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.78%Net operating income to assets
1.77%Return on assets (ROA)
2.71%Pretax return on assets
19.38%Return on equity (ROE)
3.33%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
-43.24%Credit loss provision to net charge-offs
127.30%Efficiency ratio
53,733Assets per employee
3.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.85%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
649.06%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.24%Net loans and leases to deposits
85.82%Net loans and leases to core deposits
111.21%Equity capital to assets
9.16%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
10.68%Total risk-based capital ratio
Memoranda
$12Average assets
$173,501Average earning assets
$15,879Average equity
$158,964Average loans

Citizens Security Bank in Tifton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Security Bank - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

Citizens Security Bank in Tifton, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Security Bank - Overview

Assets and Liabilities (December 31, 2005)

Income and Expense (December 31, 2005)

Performance and Condition Ratios (December 31, 2005)

Comment about this bank, ask questions, or add new information about it:

Citizens Security Bank in Tifton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches