FDIC Certificate #: 19653 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colony Bank (#22257) Federal Reserve ID: 20839 Date Established: July 01, 1946 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 14609 FDIC's unique #: 13452 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: December 01, 1966 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: 103 Alabama Street, Broxton, GA 31519 County: Coffee 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): Douglas, GA (#20060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $210.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
52Total employees (full-time equivalent)
$210,020Total assets
$4,256Cash and due from depository institutions
$273Interest-bearing balances
$11,473Securities
$5,076Federal funds sold & reverse repurchase agreements
$179,743Net loans & leases
$3,200Loan loss allowance
$0Trading account assets
$6,070Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,402All other assets
$210,020Total liabilities and capital
$189,600Total liabilities
$180,602Total deposits
$164,612Interest-bearing deposits
$180,602Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$998All other liabilities
$20,420Total equity capital
$20,420Total bank equity capital
$20,420Perpetual preferred stock
$0Common stock
$507Surplus
$14,993Undivided profits
Memoranda
$4,920Noncurrent loans and leases
$17,951Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,853Earning assets
$694Long-term assets (5+ years)
$1,261Average Assets, year-to-date
$196,565Average Assets, quarterly
$11,066Volatile liabilities
$209,726Insider loans
$210,422FHLB advances
$65,859Loans and leases held for sale
$497Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,951Total unused commitments
$0Restructured Loans and leases
$2,338Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$16,414Total interest income
$8,567Total interest expense
$7,847Net interest income
$2,145Provision for loan and lease losses
$803Total noninterest income
$0Fiduciary activities
$525Service charges on deposit accounts
$0Trading account gains & fees
$278Additional noninterest income
$5,164Total noninterest expense
$2,664Salaries and employee benefits
$543Premises and equipment expense
$1,957Additional noninterest expense
$1,341Pre-tax net operating income
$0Securities gains (losses)
$429Applicable income taxes
$912Income before extraordinary items
$0Extraordinary gains - net
$912Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,055Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.32%Yield on earning assets
4.34%Cost of funding earning assets
3.98%Net interest margin
0.41%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.64%Pretax return on assets
4.81%Return on equity (ROE)
4.81%Retained earnings to average equity (YTD only)
0.58%Net charge-offs to loans
203.32%Credit loss provision to net charge-offs
3.30%Efficiency ratio
59,699Assets per employee
4.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
54.67%Noncurrent assets plus other real estate owned to assets
2.79%Noncurrent loans to loans
3.20%Net loans and leases to deposits
99.52%Net loans and leases to core deposits
153.96%Equity capital to assets
9.72%Core capital (leverage) ratio
9.72%Tier 1 risk-based capital ratio
10.94%Total risk-based capital ratio
Memoranda
$12Average assets
$209,726Average earning assets
$18,946Average equity
$197,327Average loans
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