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

This bank is inactive as of May 01, 2002

  • 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

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