First State Bank and Trust Company of Valdosta in city_name, state_name

First State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)
Show street view No street view available for this location

First State Bank and Trust Company of Valdosta - Overview

General
FDIC Certificate #: 10073
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 103536
Date Established: March 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 6441
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: January 01, 1934
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: 3650 Inner Perimeter Road, Valdosta, GA 31602
County: Lowndes
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): Valdosta, GA (#46660)
CBSA Metro Statistical Area: Valdosta, GA (#46660)
Financial Summary
Total assets: $578.1 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, 2009)

Dollar figures in thousands
67Total employees (full-time equivalent)
$560,039Total assets
$2,948Cash and due from depository institutions
$444Interest-bearing balances
$77,707Securities
$20,937Federal funds sold & reverse repurchase agreements
$436,768Net loans & leases
$7,491Loan loss allowance
$0Trading account assets
$9,446Bank premises and fixed assets
$1,039Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$11,194All other assets
$560,039Total liabilities and capital
$512,850Total liabilities
$487,989Total deposits
$409,890Interest-bearing deposits
$487,989Deposits held in domestic offices
78.43%% insured (estimated)
$7,943Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$1,918All other liabilities
$47,189Total equity capital
$47,189Total bank equity capital
$47,189Perpetual preferred stock
$0Common stock
$1,000Surplus
$36,749Undivided profits
Memoranda
$9,440Noncurrent loans and leases
$60,011Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,237Earning assets
$0Long-term assets (5+ years)
$2,588Average Assets, year-to-date
$535,856Average Assets, quarterly
$113,064Volatile liabilities
$554,511Insider loans
$569,704FHLB advances
$116,560Loans and leases held for sale
$21,244Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$60,011Total unused commitments
$0Restructured Loans and leases
$5,612Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$27,132Total interest income
$6,421Total interest expense
$20,711Net interest income
$5,511Provision for loan and lease losses
$3,511Total noninterest income
$0Fiduciary activities
$2,451Service charges on deposit accounts
$0Trading account gains & fees
$1,060Additional noninterest income
$9,213Total noninterest expense
$3,612Salaries and employee benefits
$856Premises and equipment expense
$4,745Additional noninterest expense
$9,498Pre-tax net operating income
$112Securities gains (losses)
$3,549Applicable income taxes
$6,061Income before extraordinary items
$0Extraordinary gains - net
$6,061Net income attributable to bank
$0Net charge-offs
$6,061Cash dividends
$1,933Sale, conversion, retirement of capital stock, net
$3,302Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.13%Yield on earning assets
1.21%Cost of funding earning assets
3.91%Net interest margin
0.66%Noninterest income to earning assets
1.74%Noninterest expense to earning assets
1.08%Net operating income to assets
1.09%Return on assets (ROA)
1.73%Pretax return on assets
13.09%Return on equity (ROE)
5.96%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
285.10%Credit loss provision to net charge-offs
7.76%Efficiency ratio
38,036Assets per employee
8.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.48%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
231.42%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
0.73%Net loans and leases to deposits
89.50%Net loans and leases to core deposits
110.75%Equity capital to assets
8.43%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
10.20%Total risk-based capital ratio
Memoranda
$11Average assets
$554,511Average earning assets
$46,319Average equity
$529,022Average loans

First State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank and Trust Company of Valdosta - 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 State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank and Trust Company of Valdosta - 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 State Bank and Trust Company of Valdosta in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches