The Citizens Bank in Toccoa, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 07, 1996

The Citizens Bank in Toccoa, Georgia (GA)
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The Citizens Bank - Overview

General
FDIC Certificate #: 16988
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 161536
Date Established: March 16, 1951
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11061
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: March 16, 1951
Last Structure Change Effective Date: June 07, 1996
Last Structure Change Process Date: July 24, 1996
Last Data Update: July 24, 1996
Data Source Date: April 05, 2012
Location
Address: 303 East Doyle Street, Toccoa, GA 30577
County: Stephens
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
Core Based Statistical Area (CBSA): Toccoa, GA (#45740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $88.9 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)
$38Total assets
$87,972Cash and due from depository institutions
$2,120Interest-bearing balances
$1,091Securities
$28,268Federal funds sold & reverse repurchase agreements
$1,013Net loans & leases
$54,182Loan loss allowance
$1,013Trading account assets
$0Bank premises and fixed assets
$1,142Other real estate owned
$54Goodwill and other intangibles
$1,193Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,972Total liabilities
$76,212Total deposits
$73,842Interest-bearing deposits
$58,498Deposits held in domestic offices
73842.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$1,700Trading liabilities
$0Other borrowed funds
$205Subordinated debt
$0All other liabilities
$465Total equity capital
$465Total bank equity capital
$11,760Perpetual preferred stock
$0Common stock
$1,200Surplus
$2,800Undivided profits
Memoranda
$7,760Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$901Income earned, not collected on loans
$371Earning assets
$84,554Long-term assets (5+ years)
$8,762Average Assets, year-to-date
$86,725Average Assets, quarterly
$88,311Volatile liabilities
$10,783Insider loans
$1,394FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,966Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,670Total risk weighted assets
$52,876Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,963Total interest expense
$2,641Net interest income
$4,322Provision for loan and lease losses
$678Total noninterest income
$755Fiduciary activities
$0Service charges on deposit accounts
$503Trading account gains & fees
$0Additional noninterest income
$252Total noninterest expense
$2,842Salaries and employee benefits
$1,378Premises and equipment expense
$304Additional noninterest expense
$1,160Pre-tax net operating income
$1,557Securities gains (losses)
$9Applicable income taxes
$589Income before extraordinary items
$977Extraordinary gains - net
$0Net income attributable to bank
$977Net charge-offs
$408Cash dividends
$549Sale, 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
8.39%Cost of funding earning assets
3.18%Net interest margin
5.21%Noninterest income to earning assets
0.91%Noninterest expense to earning assets
3.42%Net operating income to assets
1.12%Return on assets (ROA)
1.13%Pretax return on assets
1.81%Return on equity (ROE)
8.50%Retained earnings to average equity (YTD only)
3.72%Net charge-offs to loans
0.74%Credit loss provision to net charge-offs
166.18%Efficiency ratio
55,978Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.19%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
112.43%Noncurrent assets plus other real estate owned to assets
1.09%Noncurrent loans to loans
1.63%Net loans and leases to deposits
73.38%Net loans and leases to core deposits
83.53%Equity capital to assets
13.37%Core capital (leverage) ratio
13.22%Tier 1 risk-based capital ratio
22.07%Total risk-based capital ratio
Memoranda
$23Average assets
$86,725Average earning assets
$11,494Average equity
$83,026Average loans

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