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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