FDIC Certificate #: 190 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 438238 Date Established: July 22, 1916 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 152 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: June 01, 2010 Last Structure Change Process Date: June 14, 2010 Last Data Update: June 14, 2010 Data Source Date: April 05, 2012
Location
Address: 101 South Crawford Street, Thomasville, GA 31792 County: Thomas 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): Thomasville, GA (#45620) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $526.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
69Total employees (full-time equivalent)
$562,505Total assets
$15,040Cash and due from depository institutions
$7,959Interest-bearing balances
$58,307Securities
$79,870Federal funds sold & reverse repurchase agreements
$386,067Net loans & leases
$10,056Loan loss allowance
$0Trading account assets
$3,182Bank premises and fixed assets
$326Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$19,713All other assets
$562,505Total liabilities and capital
$521,671Total liabilities
$475,291Total deposits
$425,398Interest-bearing deposits
$475,291Deposits held in domestic offices
84.76%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$44,000Other borrowed funds
$0Subordinated debt
$2,380All other liabilities
$40,834Total equity capital
$40,834Total bank equity capital
$40,834Perpetual preferred stock
$0Common stock
$550Surplus
$42,019Undivided profits
Memoranda
$-1,735Noncurrent loans and leases
$84,060Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,432Earning assets
$0Long-term assets (5+ years)
$2,672Average Assets, year-to-date
$532,203Average Assets, quarterly
$64,005Volatile liabilities
$571,340Insider loans
$584,801FHLB advances
$86,096Loans and leases held for sale
$31,695Unused loan commitments
$44,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5Total risk weighted assets
$84,060Total unused commitments
$0Restructured Loans and leases
$5,352Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$25,653Total interest income
$9,881Total interest expense
$15,772Net interest income
$31,883Provision for loan and lease losses
-$1,970Total noninterest income
$0Fiduciary activities
$2,371Service charges on deposit accounts
$0Trading account gains & fees
-$4,341Additional noninterest income
$10,204Total noninterest expense
$4,260Salaries and employee benefits
$546Premises and equipment expense
$5,398Additional noninterest expense
-$28,285Pre-tax net operating income
$123Securities gains (losses)
-$5,851Applicable income taxes
-$22,311Income before extraordinary items
$0Extraordinary gains - net
-$22,311Net income attributable to bank
$0Net charge-offs
-$22,311Cash dividends
$27,530Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.73%Yield on earning assets
1.82%Cost of funding earning assets
2.91%Net interest margin
-0.36%Noninterest income to earning assets
1.88%Noninterest expense to earning assets
-3.92%Net operating income to assets
-3.91%Return on assets (ROA)
-4.93%Pretax return on assets
-49.18%Return on equity (ROE)
-49.18%Retained earnings to average equity (YTD only)
5.92%Net charge-offs to loans
115.81%Credit loss provision to net charge-offs
0.13%Efficiency ratio
73,931Assets per employee
8.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.54%Loss allowance to noncurrent loans
119.26%Noncurrent assets plus other real estate owned to assets
1.56%Noncurrent loans to loans
2.13%Net loans and leases to deposits
81.23%Net loans and leases to core deposits
99.20%Equity capital to assets
7.26%Core capital (leverage) ratio
6.93%Tier 1 risk-based capital ratio
9.32%Total risk-based capital ratio
Memoranda
$11Average assets
$571,340Average earning assets
$45,362Average equity
$542,917Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Commercial Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: