First Community Bank of Southwest Georgia in city_name, state_name

First Community Bank of Southwest Georgia in Bainbridge, Georgia (GA)
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First Community Bank of Southwest Georgia - Overview

General
FDIC Certificate #: 29334
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Park Avenue Bank (#19797)
Federal Reserve ID: 72276
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 3297
FDIC's unique #: 42168
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 24, 1935
Last Structure Change Effective Date: May 01, 2002
Last Structure Change Process Date: May 16, 2002
Last Data Update: May 16, 2002
Data Source Date: April 05, 2012
Location
Address: 226 Broad Street, Bainbridge, GA 31717
County: Decatur
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): Bainbridge, GA (#12460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $158.1 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, 2001)

Dollar figures in thousands
53Total employees (full-time equivalent)
$161,725Total assets
$9,186Cash and due from depository institutions
$237Interest-bearing balances
$16,699Securities
$8,494Federal funds sold & reverse repurchase agreements
$114,489Net loans & leases
$1,634Loan loss allowance
$0Trading account assets
$4,189Bank premises and fixed assets
$985Other real estate owned
$1,207Goodwill and other intangibles
$0Life insurance assets
$6,476All other assets
$161,725Total liabilities and capital
$144,196Total liabilities
$135,253Total deposits
$115,383Interest-bearing deposits
$135,253Deposits held in domestic offices
0.00%% insured (estimated)
$1,260Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$683All other liabilities
$17,529Total equity capital
$17,529Total bank equity capital
$17,529Perpetual preferred stock
$0Common stock
$2,278Surplus
$13,485Undivided profits
Memoranda
$1,766Noncurrent loans and leases
$13,306Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,765Earning assets
$3,679Long-term assets (5+ years)
$1,454Average Assets, year-to-date
$139,919Average Assets, quarterly
$11,557Volatile liabilities
$167,858Insider loans
$163,997FHLB advances
$21,749Loans and leases held for sale
$2,565Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,306Total unused commitments
$0Restructured Loans and leases
$1,526Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$11,968Total interest income
$6,153Total interest expense
$5,815Net interest income
$1,584Provision for loan and lease losses
$4,014Total noninterest income
$0Fiduciary activities
$1,502Service charges on deposit accounts
$0Trading account gains & fees
$2,512Additional noninterest income
$4,476Total noninterest expense
$1,992Salaries and employee benefits
$644Premises and equipment expense
$1,840Additional noninterest expense
$3,769Pre-tax net operating income
$0Securities gains (losses)
$1,127Applicable income taxes
$2,642Income before extraordinary items
$0Extraordinary gains - net
$2,642Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,544Sale, conversion, retirement of capital stock, net
$678Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
4.23%Cost of funding earning assets
4.00%Net interest margin
2.76%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
1.57%Net operating income to assets
1.57%Return on assets (ROA)
2.25%Pretax return on assets
16.06%Return on equity (ROE)
11.94%Retained earnings to average equity (YTD only)
2.04%Net charge-offs to loans
62.26%Credit loss provision to net charge-offs
2.10%Efficiency ratio
43,280Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.66%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
34.29%Noncurrent assets plus other real estate owned to assets
3.56%Noncurrent loans to loans
4.10%Net loans and leases to deposits
84.65%Net loans and leases to core deposits
99.76%Equity capital to assets
10.84%Core capital (leverage) ratio
9.94%Tier 1 risk-based capital ratio
13.32%Total risk-based capital ratio
Memoranda
$15Average assets
$167,858Average earning assets
$16,448Average equity
$145,407Average loans

First Community Bank of Southwest Georgia in Bainbridge, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank of Southwest Georgia - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Community Bank of Southwest Georgia in Bainbridge, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank of Southwest Georgia - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Community Bank of Southwest Georgia in Bainbridge, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches