The Bank of Heard County in Franklin, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 1996

The Bank of Heard County in Franklin, Georgia (GA)
Show street view No street view available for this location

The Bank of Heard County - Overview

General
FDIC Certificate #: 187
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 497132
Date Established: October 18, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 149
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 22, 1996
Last Structure Change Process Date: September 25, 1996
Last Data Update: September 25, 1996
Data Source Date: April 05, 2012
Location
Address: Court Square, Franklin, GA 30217
County: Heard
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
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial Summary
Total assets: $45.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$46,325Cash and due from depository institutions
$2,684Interest-bearing balances
$0Securities
$10,755Federal funds sold & reverse repurchase agreements
$1,000Net loans & leases
$31,237Loan loss allowance
$400Trading account assets
$0Bank premises and fixed assets
$396Other real estate owned
$0Goodwill and other intangibles
$253Life insurance assets
$0All other assets
$0Total liabilities and capital
$46,325Total liabilities
$41,904Total deposits
$41,470Interest-bearing deposits
$35,540Deposits held in domestic offices
41470.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$434Total equity capital
$434Total bank equity capital
$4,421Perpetual preferred stock
$0Common stock
$100Surplus
$2,300Undivided profits
Memoranda
$2,021Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$57Income earned, not collected on loans
$253Earning assets
$42,992Long-term assets (5+ years)
$11,045Average Assets, year-to-date
$41,159Average Assets, quarterly
$44,099Volatile liabilities
$10,720Insider loans
$369FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$629Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,421Total risk weighted assets
$22,471Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,532Total interest expense
$1,628Net interest income
$1,904Provision for loan and lease losses
$75Total noninterest income
$231Fiduciary activities
$0Service charges on deposit accounts
$202Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$1,199Salaries and employee benefits
$795Premises and equipment expense
$119Additional noninterest expense
$285Pre-tax net operating income
$861Securities gains (losses)
$1Applicable income taxes
$409Income before extraordinary items
$453Extraordinary gains - net
$0Net income attributable to bank
$453Net charge-offs
$24Cash dividends
$60Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.19%Cost of funding earning assets
4.23%Net interest margin
4.95%Noninterest income to earning assets
0.60%Noninterest expense to earning assets
3.12%Net operating income to assets
1.10%Return on assets (ROA)
1.10%Pretax return on assets
2.09%Return on equity (ROE)
10.56%Retained earnings to average equity (YTD only)
9.16%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
312.50%Efficiency ratio
56,159Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.25%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
701.75%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.18%Net loans and leases to deposits
75.32%Net loans and leases to core deposits
101.58%Equity capital to assets
9.54%Core capital (leverage) ratio
10.10%Tier 1 risk-based capital ratio
19.67%Total risk-based capital ratio
Memoranda
$21Average assets
$41,159Average earning assets
$4,289Average equity
$38,450Average 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 The Bank of Heard County.
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.