Colony Bank Wilcox in Rochelle, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 2008

Colony Bank Wilcox in Rochelle, Georgia (GA)
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Colony Bank Wilcox - Overview

General
FDIC Certificate #: 10056
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colony Bank (#22257)
Federal Reserve ID: 825735
Date Established: June 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14398
FDIC's unique #: 6428
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: January 01, 1934
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: 209 First Avenue, Rochelle, GA 31079
County: Wilcox
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
Financial Summary
Total assets: $54.4 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
14Total employees (full-time equivalent)
$51,747Total assets
$1,628Cash and due from depository institutions
$207Interest-bearing balances
$10,404Securities
$0Federal funds sold & reverse repurchase agreements
$37,802Net loans & leases
$503Loan loss allowance
$0Trading account assets
$566Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,347All other assets
$51,747Total liabilities and capital
$47,454Total liabilities
$43,892Total deposits
$40,334Interest-bearing deposits
$43,892Deposits held in domestic offices
0.00%% insured (estimated)
$1,346Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$216All other liabilities
$4,293Total equity capital
$4,293Total bank equity capital
$4,293Perpetual preferred stock
$0Common stock
$25Surplus
$3,775Undivided profits
Memoranda
$493Noncurrent loans and leases
$4,505Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$94Earning assets
$0Long-term assets (5+ years)
$882Average Assets, year-to-date
$48,413Average Assets, quarterly
$6,435Volatile liabilities
$51,053Insider loans
$52,452FHLB advances
$18,752Loans and leases held for sale
$2,332Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,505Total unused commitments
$0Restructured Loans and leases
$496Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$4,078Total interest income
$2,064Total interest expense
$2,014Net interest income
$67Provision for loan and lease losses
$438Total noninterest income
$0Fiduciary activities
$353Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$1,289Total noninterest expense
$575Salaries and employee benefits
$131Premises and equipment expense
$583Additional noninterest expense
$1,096Pre-tax net operating income
$0Securities gains (losses)
$358Applicable income taxes
$738Income before extraordinary items
$0Extraordinary gains - net
$738Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$750Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.51%Yield on earning assets
4.31%Cost of funding earning assets
4.20%Net interest margin
0.91%Noninterest income to earning assets
2.69%Noninterest expense to earning assets
1.45%Net operating income to assets
1.45%Return on assets (ROA)
2.15%Pretax return on assets
17.42%Return on equity (ROE)
-0.28%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
372.22%Credit loss provision to net charge-offs
64.61%Efficiency ratio
52,569Assets per employee
3.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
101.63%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
535.11%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.25%Net loans and leases to deposits
86.13%Net loans and leases to core deposits
135.07%Equity capital to assets
8.30%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
10.79%Total risk-based capital ratio
Memoranda
$12Average assets
$51,053Average earning assets
$4,235Average equity
$47,934Average loans

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