Security Bank of Jones County in Gray, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2009

  • Security Bank of Jones County in Gray, Georgia (GA)
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Security Bank of Jones County - Overview

  • General
  • FDIC Certificate #: 8486
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: State Bank and Trust Company (#57870)
    Federal Reserve ID: 622831
    Date Established: August 28, 1909
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5400
    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: July 24, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 282 West Clinton Street, Gray, GA 31032
    County: Jones
    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
    Metropolitan Statistical Area (MSA): Macon, GA (#4680)
    Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356)
    Core Based Statistical Area (CBSA): Macon, GA (#31420)
    CBSA Metro Statistical Area: Macon, GA (#31420)
  • Financial Summary
  • Total assets: $432.7 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, 2008)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $442,269Total assets
  • $60,958Cash and due from depository institutions
  • $54,570Interest-bearing balances
  • $81,128Securities
  • $215Federal funds sold & reverse repurchase agreements
  • $278,720Net loans & leases
  • $4,707Loan loss allowance
  • $0Trading account assets
  • $4,031Bank premises and fixed assets
  • $4,868Other real estate owned
  • $0Goodwill and other intangibles
  • $1,283Life insurance assets
  • $12,349All other assets
  • $442,269Total liabilities and capital
  • $417,853Total liabilities
  • $378,294Total deposits
  • $352,011Interest-bearing deposits
  • $378,294Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,704Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,695Other borrowed funds
  • $0Subordinated debt
  • $7,160All other liabilities
  • $24,416Total equity capital
  • $24,416Total bank equity capital
  • $24,416Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $40,371Undivided profits
  • Memoranda
  • $-16,455Noncurrent loans and leases
  • $11,262Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $18,121Earning assets
  • $0Long-term assets (5+ years)
  • $3,670Average Assets, year-to-date
  • $414,633Average Assets, quarterly
  • $19,547Volatile liabilities
  • $409,762Insider loans
  • $435,425FHLB advances
  • $154,388Loans and leases held for sale
  • $1,225Unused loan commitments
  • $18,695Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,262Total unused commitments
  • $0Restructured Loans and leases
  • $3,415Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $23,246Total interest income
  • $13,003Total interest expense
  • $10,243Net interest income
  • $8,560Provision for loan and lease losses
  • $1,163Total noninterest income
  • $0Fiduciary activities
  • $1,263Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$100Additional noninterest income
  • $26,337Total noninterest expense
  • $2,386Salaries and employee benefits
  • $412Premises and equipment expense
  • $23,539Additional noninterest expense
  • -$23,491Pre-tax net operating income
  • $778Securities gains (losses)
  • -$1,205Applicable income taxes
  • -$21,508Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,508Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6,940Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.45%Yield on earning assets
  • 3.61%Cost of funding earning assets
  • 2.84%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 7.31%Noninterest expense to earning assets
  • -5.43%Net operating income to assets
  • -5.25%Return on assets (ROA)
  • -5.54%Pretax return on assets
  • -53.71%Return on equity (ROE)
  • -58.70%Retained earnings to average equity (YTD only)
  • 2.42%Net charge-offs to loans
  • 123.34%Credit loss provision to net charge-offs
  • -2.15%Efficiency ratio
  • 47,370Assets per employee
  • 10.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -9.30%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 25.98%Noncurrent assets plus other real estate owned to assets
  • 5.20%Noncurrent loans to loans
  • 6.39%Net loans and leases to deposits
  • 73.68%Net loans and leases to core deposits
  • 117.30%Equity capital to assets
  • 5.52%Core capital (leverage) ratio
  • 5.52%Tier 1 risk-based capital ratio
  • 8.91%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $409,762Average earning assets
  • $40,045Average equity
  • $360,393Average loans

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