FDIC Certificate #: 12078 Status: Active Federal Reserve ID: 501039 Bank Holding Company (Regulatory Top Holder): Meriwether Bank Shares, Inc. (RSSDID: 2470090, Location: Greenville, GA) Date Established: January 01, 1887 WWW:http://www.greenvillebank.com 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 #: 7675 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 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: 412 Lagrange Street, Greenville, GA 30222 County: Meriwether 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $27.7 mil Equity capital: $4.3 mil Deposits held in domestic offices: $23.2 mil Return on assets (ROA): 0.67% ($0.2 mil) Quarterly return on assets: 0.45% ($0.1 mil) Return on Equity (ROE): 4.53% ($0.2 mil) Quarterly return on equity: 2.92% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.67% ($185.7 mil) Quarterly Pretax return on assets: 0.23% ($63.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$27,714Total assets
$5,161Cash and due from depository institutions
$0Interest-bearing balances
$8,260Securities
$610Federal funds sold & reverse repurchase agreements
$11,937Net loans & leases
$124Loan loss allowance
$0Trading account assets
$162Bank premises and fixed assets
$15Other real estate owned
$0Goodwill and other intangibles
$27,714Life insurance assets
$1,569All other assets
$23,461Total liabilities and capital
$23,158Total liabilities
$19,428Total deposits
$23,158Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$303Subordinated debt
$4,253All other liabilities
$4,253Total equity capital
$4,253Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$2,300Surplus
$953Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5Income earned, not collected on loans
$0Earning assets
$3Long-term assets (5+ years)
$20,807Average Assets, year-to-date
$9,542Average Assets, quarterly
$28,174Volatile liabilities
$27,637Insider loans
$20,388FHLB advances
$27,987Loans and leases held for sale
$1,356Unused loan commitments
$1,356Tier 1 (core) risk-based capital
$4,098Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,235Restructured Loans and leases
$18Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,147Total interest income
$142Total interest expense
$1,005Net interest income
$0Provision for loan and lease losses
$316Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
$122Additional noninterest income
$1,116Total noninterest expense
$577Salaries and employee benefits
$155Premises and equipment expense
$384Additional noninterest expense
$205Pre-tax net operating income
-$1Securities gains (losses)
$1Applicable income taxes
$203Income before extraordinary items
-$15Extraordinary gains - net
$188Net income attributable to bank
$0Net charge-offs
$188Cash dividends
$25Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
0.64%Cost of funding earning assets
4.53%Net interest margin
1.42%Noninterest income to earning assets
5.03%Noninterest expense to earning assets
0.72%Net operating income to assets
0.67%Return on assets (ROA)
0.67%Pretax return on assets
4.53%Return on equity (ROE)
2.60%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
8.20%Efficiency ratio
84,481Assets per employee
2.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.55%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
2480.00%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.04%Net loans and leases to deposits
51.55%Net loans and leases to core deposits
51.55%Equity capital to assets
15.35%Core capital (leverage) ratio
14.64%Tier 1 risk-based capital ratio
20.10%Total risk-based capital ratio
Memoranda
$21Average assets
$28,174Average earning assets
$4,152Average equity
$22,208Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7675
The Greenville Banking Company
412 Lagrange Street, Greenville, GA 30222
January 01, 1887
Full Service Brick and Mortar
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