FDIC Certificate #: 189 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PlantersFIRST (#9064) Federal Reserve ID: 300933 Date Established: June 15, 1927 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 12506 FDIC's unique #: 151 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: August 24, 2000 Last Structure Change Process Date: October 26, 2000 Last Data Update: October 26, 2000 Data Source Date: April 05, 2012
Location
Address: 1620 East Sixteenth Avenue, Cordele, GA 31015 County: Crisp 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): Cordele, GA (#18380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $177.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
67Total employees (full-time equivalent)
$123,662Total assets
$7,281Cash and due from depository institutions
$660Interest-bearing balances
$30,198Securities
$4,720Federal funds sold & reverse repurchase agreements
$75,550Net loans & leases
$1,517Loan loss allowance
$0Trading account assets
$1,920Bank premises and fixed assets
$1,050Other real estate owned
$379Goodwill and other intangibles
$0Life insurance assets
$2,564All other assets
$123,662Total liabilities and capital
$111,704Total liabilities
$107,004Total deposits
$92,256Interest-bearing deposits
$107,004Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,738Other borrowed funds
$0Subordinated debt
$962All other liabilities
$11,958Total equity capital
$11,958Total bank equity capital
$11,958Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,625Undivided profits
Memoranda
$9,333Noncurrent loans and leases
$11,947Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$991Earning assets
$33Long-term assets (5+ years)
$1,094Average Assets, year-to-date
$111,128Average Assets, quarterly
$18,015Volatile liabilities
$124,784Insider loans
$122,891FHLB advances
$15,472Loans and leases held for sale
$1,737Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$105Total risk weighted assets
$11,947Total unused commitments
$294Restructured Loans and leases
$1,038Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$10,610Total interest income
$4,246Total interest expense
$6,364Net interest income
$543Provision for loan and lease losses
$1,386Total noninterest income
$7Fiduciary activities
$869Service charges on deposit accounts
$0Trading account gains & fees
$510Additional noninterest income
$4,553Total noninterest expense
$2,482Salaries and employee benefits
$399Premises and equipment expense
$1,672Additional noninterest expense
$2,654Pre-tax net operating income
$0Securities gains (losses)
$911Applicable income taxes
$1,743Income before extraordinary items
$0Extraordinary gains - net
$1,743Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$404Sale, conversion, retirement of capital stock, net
$858Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.29%Yield on earning assets
3.72%Cost of funding earning assets
5.57%Net interest margin
1.21%Noninterest income to earning assets
3.99%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.13%Pretax return on assets
15.48%Return on equity (ROE)
7.86%Retained earnings to average equity (YTD only)
0.53%Net charge-offs to loans
134.41%Credit loss provision to net charge-offs
7.91%Efficiency ratio
58,052Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.23%Loss allowance to loans
1.97%Loss allowance to noncurrent loans
153.08%Noncurrent assets plus other real estate owned to assets
1.65%Noncurrent loans to loans
1.29%Net loans and leases to deposits
70.60%Net loans and leases to core deposits
80.77%Equity capital to assets
9.67%Core capital (leverage) ratio
9.69%Tier 1 risk-based capital ratio
14.43%Total risk-based capital ratio
Memoranda
$16Average assets
$124,784Average earning assets
$11,262Average equity
$114,194Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with PlantersFIRST.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: