First Community Bank of Tifton in city_name, state_name - Detailed Financial Reports, Location

First Community Bank of Tifton in Tifton, Georgia (GA)
Show street view No street view available for this location

First Community Bank of Tifton - Overview

General
FDIC Certificate #: 15647
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 284332
Date Established: Febuary 24, 1937
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9925
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: Febuary 20, 1939
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: 218 Love Avenue, Tifton, GA 31794
County: Tift
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): Tifton, GA (#45700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $371.8 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
56Total employees (full-time equivalent)
$347,797Total assets
$4,524Cash and due from depository institutions
$5Interest-bearing balances
$62,897Securities
$55,957Federal funds sold & reverse repurchase agreements
$211,279Net loans & leases
$3,901Loan loss allowance
$0Trading account assets
$4,608Bank premises and fixed assets
$823Other real estate owned
$23Goodwill and other intangibles
$543Life insurance assets
$7,686All other assets
$347,797Total liabilities and capital
$324,813Total liabilities
$306,001Total deposits
$271,844Interest-bearing deposits
$306,001Deposits held in domestic offices
73.24%% insured (estimated)
$2,975Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,000Other borrowed funds
$0Subordinated debt
$1,837All other liabilities
$22,984Total equity capital
$22,984Total bank equity capital
$22,984Perpetual preferred stock
$0Common stock
$700Surplus
$11,983Undivided profits
Memoranda
$10,301Noncurrent loans and leases
$27,065Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,628Earning assets
$0Long-term assets (5+ years)
$2,408Average Assets, year-to-date
$330,138Average Assets, quarterly
$57,716Volatile liabilities
$340,155Insider loans
$342,857FHLB advances
$120,193Loans and leases held for sale
$11,103Unused loan commitments
$14,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,065Total unused commitments
$1,722Restructured Loans and leases
$2,928Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$16,127Total interest income
$5,424Total interest expense
$10,703Net interest income
$5,173Provision for loan and lease losses
$2,063Total noninterest income
$0Fiduciary activities
$1,890Service charges on deposit accounts
$0Trading account gains & fees
$173Additional noninterest income
$7,186Total noninterest expense
$3,128Salaries and employee benefits
$639Premises and equipment expense
$3,419Additional noninterest expense
$407Pre-tax net operating income
$112Securities gains (losses)
$52Applicable income taxes
$467Income before extraordinary items
$0Extraordinary gains - net
$467Net income attributable to bank
$0Net charge-offs
$467Cash dividends
$5,658Sale, conversion, retirement of capital stock, net
$953Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
1.68%Cost of funding earning assets
3.31%Net interest margin
0.64%Noninterest income to earning assets
2.22%Noninterest expense to earning assets
0.11%Net operating income to assets
0.14%Return on assets (ROA)
0.15%Pretax return on assets
1.97%Return on equity (ROE)
-2.05%Retained earnings to average equity (YTD only)
2.53%Net charge-offs to loans
91.43%Credit loss provision to net charge-offs
0.99%Efficiency ratio
56,290Assets per employee
6.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
204.07%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
107.52%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
1.69%Net loans and leases to deposits
69.05%Net loans and leases to core deposits
104.19%Equity capital to assets
6.61%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
9.26%Total risk-based capital ratio
Memoranda
$11Average assets
$340,155Average earning assets
$23,691Average equity
$323,355Average loans

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

First Community Bank of Tifton - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

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

First Community Bank of Tifton - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

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

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