Colony Bank Quitman, FSB in Quitman, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 2008

  • Colony Bank Quitman, FSB in Quitman, Georgia (GA)
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Colony Bank Quitman, FSB - Overview

  • General
  • FDIC Certificate #: 29723
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Colony Bank (#22257)
    Federal Reserve ID: 213378
    Date Established: June 22, 1936
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3953
    FDIC's unique #: 42557
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: June 22, 1936
    Last Structure Change Effective Date: August 01, 2008
    Last Structure Change Process Date: August 13, 2008
    Last Data Update: August 13, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 E Screven Street, Quitman, GA 31643
    County: Brooks
    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): Valdosta, GA (#46660)
    CBSA Metro Statistical Area: Valdosta, GA (#46660)
  • Financial Summary
  • Total assets: $151.1 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
  • 36Total employees (full-time equivalent)
  • $147,582Total assets
  • $2,284Cash and due from depository institutions
  • $1,078Interest-bearing balances
  • $18,848Securities
  • $831Federal funds sold & reverse repurchase agreements
  • $117,395Net loans & leases
  • $1,446Loan loss allowance
  • $0Trading account assets
  • $2,522Bank premises and fixed assets
  • $522Other real estate owned
  • $0Goodwill and other intangibles
  • $1,564Life insurance assets
  • $5,180All other assets
  • $147,582Total liabilities and capital
  • $135,902Total liabilities
  • $108,949Total deposits
  • $103,997Interest-bearing deposits
  • $108,949Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $25,500Other borrowed funds
  • $0Subordinated debt
  • $1,453All other liabilities
  • $11,680Total equity capital
  • $11,680Total bank equity capital
  • $11,680Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $7,435Undivided profits
  • Memoranda
  • $4,235Noncurrent loans and leases
  • $4,896Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $728Earning assets
  • $0Long-term assets (5+ years)
  • $1,433Average Assets, year-to-date
  • $138,152Average Assets, quarterly
  • $0Volatile liabilities
  • $144,766Insider loans
  • $146,043FHLB advances
  • $56,178Loans and leases held for sale
  • $1,488Unused loan commitments
  • $25,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,896Total unused commitments
  • $0Restructured Loans and leases
  • $1,387Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $10,472Total interest income
  • $5,666Total interest expense
  • $4,806Net interest income
  • $378Provision for loan and lease losses
  • $1,188Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,188Additional noninterest income
  • $3,553Total noninterest expense
  • $1,923Salaries and employee benefits
  • $746Premises and equipment expense
  • $884Additional noninterest expense
  • $2,063Pre-tax net operating income
  • $22Securities gains (losses)
  • $732Applicable income taxes
  • $1,353Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,353Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $131Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.73%Yield on earning assets
  • 4.18%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 12.06%Return on equity (ROE)
  • 5.82%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 288.55%Credit loss provision to net charge-offs
  • 18.63%Efficiency ratio
  • 59,276Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.74%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 198.63%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 107.75%Net loans and leases to core deposits
  • 149.99%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 10.45%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $144,766Average earning assets
  • $11,218Average equity
  • $135,531Average loans

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