First National Bank of White County in Cleveland, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 06, 1996

First National Bank of White County in Cleveland, Georgia (GA)
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First National Bank of White County - Overview

General
FDIC Certificate #: 16454
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 515438
Date Established: July 01, 1946
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 10620
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: July 01, 1946
Last Structure Change Effective Date: June 06, 1996
Last Structure Change Process Date: July 08, 1996
Last Data Update: July 08, 1996
Data Source Date: April 05, 2012
Location
Address: South Main And West Kytle Streets, Cleveland, GA 30528
County: White
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
Financial Summary
Total assets: $121.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$49Total assets
$123,619Cash and due from depository institutions
$1,341Interest-bearing balances
$595Securities
$29,494Federal funds sold & reverse repurchase agreements
$2,971Net loans & leases
$86,998Loan loss allowance
$1,307Trading account assets
$0Bank premises and fixed assets
$1,041Other real estate owned
$123Goodwill and other intangibles
$1,651Life insurance assets
$0All other assets
$0Total liabilities and capital
$123,619Total liabilities
$105,489Total deposits
$103,890Interest-bearing deposits
$91,927Deposits held in domestic offices
103890.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$769Trading liabilities
$0Other borrowed funds
$156Subordinated debt
$0All other liabilities
$674Total equity capital
$674Total bank equity capital
$18,129Perpetual preferred stock
$0Common stock
$1,386Surplus
$4,000Undivided profits
Memoranda
$12,743Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$263Income earned, not collected on loans
$863Earning assets
$120,058Long-term assets (5+ years)
$17,029Average Assets, year-to-date
$119,578Average Assets, quarterly
$123,154Volatile liabilities
$14,869Insider loans
$2,521FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,227Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$18,064Total risk weighted assets
$81,974Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$10,749Total interest expense
$4,277Net interest income
$6,472Provision for loan and lease losses
$422Total noninterest income
$829Fiduciary activities
$0Service charges on deposit accounts
$454Trading account gains & fees
$0Additional noninterest income
$375Total noninterest expense
$3,378Salaries and employee benefits
$1,744Premises and equipment expense
$292Additional noninterest expense
$1,342Pre-tax net operating income
$3,501Securities gains (losses)
$56Applicable income taxes
$1,063Income before extraordinary items
$2,494Extraordinary gains - net
$0Net income attributable to bank
$2,494Net charge-offs
$86Cash dividends
$1,111Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.28%Cost of funding earning assets
3.69%Net interest margin
5.59%Noninterest income to earning assets
0.72%Noninterest expense to earning assets
2.92%Net operating income to assets
2.05%Return on assets (ROA)
2.09%Pretax return on assets
2.97%Return on equity (ROE)
14.40%Retained earnings to average equity (YTD only)
7.99%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
490.70%Efficiency ratio
46,268Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.55%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
496.96%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.30%Net loans and leases to deposits
83.74%Net loans and leases to core deposits
96.72%Equity capital to assets
14.67%Core capital (leverage) ratio
14.64%Tier 1 risk-based capital ratio
22.04%Total risk-based capital ratio
Memoranda
$23Average assets
$119,578Average earning assets
$17,317Average equity
$115,790Average loans

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