First State Bank of South Georgia in Ocilla, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 22, 2000

First State Bank of South Georgia in Ocilla, Georgia (GA)
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First State Bank of South Georgia - Overview

General
FDIC Certificate #: 15950
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: PlantersFIRST (#189)
Federal Reserve ID: 815530
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 13956
FDIC's unique #: 10181
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 22, 2000
Last Structure Change Process Date: July 26, 2000
Last Data Update: July 26, 2000
Data Source Date: April 05, 2012
Location
Address: Cherry And Fourth Streets, Ocilla, GA 31774
County: Irwin
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): Fitzgerald, GA (#22340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $47.2 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
30Total employees (full-time equivalent)
$45,126Total assets
$5,730Cash and due from depository institutions
$1,864Interest-bearing balances
$6,258Securities
$600Federal funds sold & reverse repurchase agreements
$29,785Net loans & leases
$415Loan loss allowance
$0Trading account assets
$950Bank premises and fixed assets
$29Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,774All other assets
$45,126Total liabilities and capital
$40,248Total liabilities
$38,617Total deposits
$31,323Interest-bearing deposits
$38,617Deposits held in domestic offices
0.00%% insured (estimated)
$600Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,031All other liabilities
$4,878Total equity capital
$4,878Total bank equity capital
$4,878Perpetual preferred stock
$0Common stock
$600Surplus
$1,400Undivided profits
Memoranda
$2,878Noncurrent loans and leases
$5,350Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$213Earning assets
$0Long-term assets (5+ years)
$498Average Assets, year-to-date
$38,507Average Assets, quarterly
$3,940Volatile liabilities
$47,029Insider loans
$45,056FHLB advances
$7,223Loans and leases held for sale
$815Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,350Total unused commitments
$0Restructured Loans and leases
$398Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$3,570Total interest income
$1,346Total interest expense
$2,224Net interest income
$94Provision for loan and lease losses
$638Total noninterest income
$0Fiduciary activities
$516Service charges on deposit accounts
$0Trading account gains & fees
$122Additional noninterest income
$2,232Total noninterest expense
$1,158Salaries and employee benefits
$197Premises and equipment expense
$877Additional noninterest expense
$536Pre-tax net operating income
$19Securities gains (losses)
$62Applicable income taxes
$493Income before extraordinary items
$0Extraordinary gains - net
$493Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$34Sale, conversion, retirement of capital stock, net
$210Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.63%Yield on earning assets
3.25%Cost of funding earning assets
5.37%Net interest margin
1.54%Noninterest income to earning assets
5.39%Noninterest expense to earning assets
1.01%Net operating income to assets
1.05%Return on assets (ROA)
1.18%Pretax return on assets
10.42%Return on equity (ROE)
5.98%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
276.47%Credit loss provision to net charge-offs
18.53%Efficiency ratio
77,987Assets per employee
1.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.60%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
194.84%Noncurrent assets plus other real estate owned to assets
0.54%Noncurrent loans to loans
0.71%Net loans and leases to deposits
77.13%Net loans and leases to core deposits
93.10%Equity capital to assets
10.81%Core capital (leverage) ratio
10.76%Tier 1 risk-based capital ratio
15.42%Total risk-based capital ratio
Memoranda
$17Average assets
$47,029Average earning assets
$4,731Average equity
$41,385Average loans

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