The Bank of Ocilla, Georgia in Ocilla, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 29, 1997

The Bank of Ocilla, Georgia in Ocilla, Georgia (GA)
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The Bank of Ocilla, Georgia - Overview

General
FDIC Certificate #: 17859
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Security Bank (#16987)
Federal Reserve ID: 816032
Date Established: October 01, 1956
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11800
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: April 21, 1958
Last Structure Change Effective Date: August 29, 1997
Last Structure Change Process Date: September 30, 1997
Last Data Update: September 30, 1997
Data Source Date: April 05, 2012
Location
Address: 301 South Irwin Avenue, 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: $37.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$37,779Cash and due from depository institutions
$2,007Interest-bearing balances
$0Securities
$17,145Federal funds sold & reverse repurchase agreements
$3,500Net loans & leases
$14,054Loan loss allowance
$400Trading account assets
$0Bank premises and fixed assets
$451Other real estate owned
$0Goodwill and other intangibles
$622Life insurance assets
$0All other assets
$0Total liabilities and capital
$37,779Total liabilities
$32,653Total deposits
$32,382Interest-bearing deposits
$26,606Deposits held in domestic offices
32382.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$271Total equity capital
$271Total bank equity capital
$5,126Perpetual preferred stock
$0Common stock
$375Surplus
$2,375Undivided profits
Memoranda
$2,376Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$240Earning assets
$34,699Long-term assets (5+ years)
$2,293Average Assets, year-to-date
$37,953Average Assets, quarterly
$37,582Volatile liabilities
$3,537Insider loans
$226FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,211Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,076Total risk weighted assets
$17,346Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,807Total interest expense
$1,189Net interest income
$1,618Provision for loan and lease losses
$25Total noninterest income
$250Fiduciary activities
$0Service charges on deposit accounts
$149Trading account gains & fees
$0Additional noninterest income
$101Total noninterest expense
$1,212Salaries and employee benefits
$649Premises and equipment expense
$141Additional noninterest expense
$422Pre-tax net operating income
$631Securities gains (losses)
$0Applicable income taxes
$172Income before extraordinary items
$459Extraordinary gains - net
$0Net income attributable to bank
$459Net charge-offs
$31Cash dividends
$243Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.07%Cost of funding earning assets
3.42%Net interest margin
4.65%Noninterest income to earning assets
0.72%Noninterest expense to earning assets
3.48%Net operating income to assets
1.21%Return on assets (ROA)
1.21%Pretax return on assets
1.66%Return on equity (ROE)
9.00%Retained earnings to average equity (YTD only)
4.24%Net charge-offs to loans
0.21%Credit loss provision to net charge-offs
80.65%Efficiency ratio
64,882Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.94%Loss allowance to loans
2.77%Loss allowance to noncurrent loans
40000.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
43.40%Net loans and leases to core deposits
48.72%Equity capital to assets
13.57%Core capital (leverage) ratio
13.23%Tier 1 risk-based capital ratio
29.26%Total risk-based capital ratio
Memoranda
$31Average assets
$37,953Average earning assets
$5,097Average equity
$34,783Average loans

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