FDIC Certificate #: 159 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southwest Georgia Bank (#2147) Federal Reserve ID: 555836 Date Established: January 01, 1898 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 125 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: Febuary 28, 2004 Last Structure Change Process Date: April 05, 2004 Last Data Update: April 05, 2004 Data Source Date: April 05, 2012
Location
Address: 300 North Main Street, Sylvester, GA 31791 County: Worth 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): Albany, GA (#10500) CBSA Metro Statistical Area: Albany, GA (#10500)
Financial Summary
Total assets: $44.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
18Total employees (full-time equivalent)
$44,091Total assets
$2,768Cash and due from depository institutions
$0Interest-bearing balances
$24,669Securities
$5,950Federal funds sold & reverse repurchase agreements
$10,101Net loans & leases
$172Loan loss allowance
$0Trading account assets
$245Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$358All other assets
$44,091Total liabilities and capital
$36,869Total liabilities
$36,819Total deposits
$29,635Interest-bearing deposits
$36,819Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$50All other liabilities
$7,222Total equity capital
$7,222Total bank equity capital
$7,222Perpetual preferred stock
$0Common stock
$600Surplus
$3,400Undivided profits
Memoranda
$3,222Noncurrent loans and leases
$1,238Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$45Earning assets
$0Long-term assets (5+ years)
$313Average Assets, year-to-date
$40,720Average Assets, quarterly
$3,744Volatile liabilities
$46,121Insider loans
$44,589FHLB advances
$2,933Loans and leases held for sale
$853Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,238Total unused commitments
$0Restructured Loans and leases
$172Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,939Total interest income
$398Total interest expense
$1,541Net interest income
$4Provision for loan and lease losses
$340Total noninterest income
$0Fiduciary activities
$308Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$1,443Total noninterest expense
$1,019Salaries and employee benefits
$99Premises and equipment expense
$325Additional noninterest expense
$434Pre-tax net operating income
$0Securities gains (losses)
$155Applicable income taxes
$279Income before extraordinary items
$0Extraordinary gains - net
$279Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$149Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.56%Yield on earning assets
0.94%Cost of funding earning assets
3.62%Net interest margin
0.80%Noninterest income to earning assets
3.39%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
0.94%Pretax return on assets
3.85%Return on equity (ROE)
1.79%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
109.50%Efficiency ratio
76,715Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.41%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
382.22%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.44%Net loans and leases to deposits
27.43%Net loans and leases to core deposits
29.81%Equity capital to assets
16.38%Core capital (leverage) ratio
16.42%Tier 1 risk-based capital ratio
45.42%Total risk-based capital ratio
Memoranda
$46Average assets
$46,121Average earning assets
$7,246Average equity
$42,552Average loans
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