FDIC Certificate #: 17089 Status: Active Federal Reserve ID: 212335 Bank Holding Company (Regulatory Top Holder): Persons Banking Co., Inc. (RSSDID: 1081314, Location: Macon, GA) Date Established: January 01, 1910 WWW:http://www.farmersbank.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 11140 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 28, 1952 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 88 North Lee Street, Forsyth, GA 31029 County: Monroe 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): Macon-Warner Robins-Fort Valley, GA (#356) Core Based Statistical Area (CBSA): Macon, GA (#31420) CBSA Metro Statistical Area: Macon, GA (#31420)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $65.7 mil Equity capital: $4.7 mil Deposits held in domestic offices: $60.9 mil Return on assets (ROA): 0.45% ($0.3 mil) Quarterly return on assets: 0.27% ($0.2 mil) Return on Equity (ROE): 6.58% ($0.3 mil) Quarterly return on equity: 3.83% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.45% ($295.7 mil) Quarterly Pretax return on assets: 0.27% ($177.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$65,706Total assets
$8,515Cash and due from depository institutions
$7,521Interest-bearing balances
$6,986Securities
$0Federal funds sold & reverse repurchase agreements
$43,514Net loans & leases
$1,091Loan loss allowance
$0Trading account assets
$687Bank premises and fixed assets
$5,342Other real estate owned
$0Goodwill and other intangibles
$65,706Life insurance assets
$662All other assets
$60,985Total liabilities and capital
$60,863Total liabilities
$50,873Total deposits
$60,863Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$122Subordinated debt
$4,721All other liabilities
$4,721Total equity capital
$4,721Total bank equity capital
$0Perpetual preferred stock
$225Common stock
$3,025Surplus
$1,471Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,975Income earned, not collected on loans
$0Earning assets
$254Long-term assets (5+ years)
$58,021Average Assets, year-to-date
$6,226Average Assets, quarterly
$67,355Volatile liabilities
$65,706Insider loans
$46,360FHLB advances
$66,220Loans and leases held for sale
$177Unused loan commitments
$177Tier 1 (core) risk-based capital
$4,685Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,108Restructured Loans and leases
$196Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,784Total interest income
$511Total interest expense
$2,273Net interest income
$210Provision for loan and lease losses
$468Total noninterest income
$0Fiduciary activities
$371Service charges on deposit accounts
$0Trading account gains & fees
$97Additional noninterest income
$2,390Total noninterest expense
$697Salaries and employee benefits
$219Premises and equipment expense
$1,474Additional noninterest expense
$141Pre-tax net operating income
$159Securities gains (losses)
$0Applicable income taxes
$300Income before extraordinary items
$0Extraordinary gains - net
$300Net income attributable to bank
$0Net charge-offs
$300Cash dividends
$608Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
0.85%Cost of funding earning assets
3.77%Net interest margin
0.78%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
0.21%Net operating income to assets
0.45%Return on assets (ROA)
0.45%Pretax return on assets
6.58%Return on equity (ROE)
6.58%Retained earnings to average equity (YTD only)
1.32%Net charge-offs to loans
34.54%Credit loss provision to net charge-offs
0.58%Efficiency ratio
87,194Assets per employee
4.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
27.45%Noncurrent assets plus other real estate owned to assets
14.18%Noncurrent loans to loans
8.91%Net loans and leases to deposits
71.49%Net loans and leases to core deposits
76.36%Equity capital to assets
7.19%Core capital (leverage) ratio
7.07%Tier 1 risk-based capital ratio
10.11%Total risk-based capital ratio
Memoranda
$11Average assets
$67,355Average earning assets
$4,561Average equity
$60,342Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11140
The Farmers Bank
88 North Lee Street, Forsyth, GA 31029
January 01, 1910
Full Service Brick and Mortar
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