First Flag Bank in city_name, state_name - Detailed Financial Reports, Location

First Flag Bank in La Grange, Georgia (GA)
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First Flag Bank - Overview

General
FDIC Certificate #: 29927
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FLAG Bank (#186)
Federal Reserve ID: 861078
Date Established: January 01, 1927
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 4359
FDIC's unique #: 42761
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: December 09, 1949
Last Structure Change Effective Date: December 31, 2000
Last Structure Change Process Date: January 16, 2001
Last Data Update: January 16, 2001
Data Source Date: April 05, 2012
Location
Address: 101 N Greenwood Street, La Grange, GA 30240
County: Troup
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): LaGrange, GA (#29300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $223.4 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
108Total employees (full-time equivalent)
$222,228Total assets
$8,762Cash and due from depository institutions
$273Interest-bearing balances
$34,253Securities
$2,100Federal funds sold & reverse repurchase agreements
$162,503Net loans & leases
$2,998Loan loss allowance
$0Trading account assets
$5,519Bank premises and fixed assets
$2,038Other real estate owned
$390Goodwill and other intangibles
$0Life insurance assets
$6,663All other assets
$222,228Total liabilities and capital
$204,175Total liabilities
$170,099Total deposits
$158,923Interest-bearing deposits
$170,099Deposits held in domestic offices
0.00%% insured (estimated)
$14,500Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,771Other borrowed funds
$0Subordinated debt
$1,805All other liabilities
$18,053Total equity capital
$18,053Total bank equity capital
$18,053Perpetual preferred stock
$0Common stock
$2,013Surplus
$7,867Undivided profits
Memoranda
$8,173Noncurrent loans and leases
$25,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,212Earning assets
$0Long-term assets (5+ years)
$1,349Average Assets, year-to-date
$199,129Average Assets, quarterly
$40,990Volatile liabilities
$244,601Insider loans
$231,598FHLB advances
$64,422Loans and leases held for sale
$395Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,452Total risk weighted assets
$25,363Total unused commitments
$390Restructured Loans and leases
$2,265Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$19,087Total interest income
$9,686Total interest expense
$9,401Net interest income
$2,842Provision for loan and lease losses
$4,156Total noninterest income
$0Fiduciary activities
$1,334Service charges on deposit accounts
$0Trading account gains & fees
$2,822Additional noninterest income
$10,905Total noninterest expense
$3,764Salaries and employee benefits
$1,522Premises and equipment expense
$5,619Additional noninterest expense
-$190Pre-tax net operating income
$62Securities gains (losses)
-$334Applicable income taxes
$206Income before extraordinary items
$0Extraordinary gains - net
$206Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,550Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.70%Yield on earning assets
4.42%Cost of funding earning assets
4.29%Net interest margin
1.90%Noninterest income to earning assets
4.97%Noninterest expense to earning assets
0.07%Net operating income to assets
0.08%Return on assets (ROA)
-0.05%Pretax return on assets
1.12%Return on equity (ROE)
1.12%Retained earnings to average equity (YTD only)
1.39%Net charge-offs to loans
111.45%Credit loss provision to net charge-offs
1.04%Efficiency ratio
78,587Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
41.57%Noncurrent assets plus other real estate owned to assets
3.50%Noncurrent loans to loans
4.36%Net loans and leases to deposits
95.53%Net loans and leases to core deposits
117.80%Equity capital to assets
8.12%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
10.09%Total risk-based capital ratio
Memoranda
$11Average assets
$244,601Average earning assets
$18,368Average equity
$219,300Average loans

First Flag Bank in La Grange, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Flag Bank - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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First Flag Bank in La Grange, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Flag Bank - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

First Flag Bank in La Grange, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches