The Park Avenue Bank in Valdosta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 2011

  • The Park Avenue Bank in Valdosta, Georgia (GA)
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The Park Avenue Bank routing number info

The Park Avenue Bank - Overview

  • General
  • FDIC Certificate #: 19797
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Bank of the Ozarks (#110)
    Federal Reserve ID: 104038
    Date Established: August 01, 1956
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    OTS Docket #: 10323
    FDIC's unique #: 13591
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 01, 1968
    Last Structure Change Effective Date: April 29, 2011
    Last Structure Change Process Date: May 03, 2011
    Last Data Update: May 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3102 North Oak Street Extension, Valdosta, GA 31602
    County: Lowndes
    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): Valdosta, GA (#46660)
    CBSA Metro Statistical Area: Valdosta, GA (#46660)
  • Financial Summary
  • Total assets: $849.4 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, 2010)

  • Dollar figures in thousands
  • 182Total employees (full-time equivalent)
  • $953,349Total assets
  • $135,513Cash and due from depository institutions
  • $127,834Interest-bearing balances
  • $148,068Securities
  • $40Federal funds sold & reverse repurchase agreements
  • $534,365Net loans & leases
  • $33,702Loan loss allowance
  • $0Trading account assets
  • $13,614Bank premises and fixed assets
  • $93,239Other real estate owned
  • $0Goodwill and other intangibles
  • $13,349Life insurance assets
  • $28,510All other assets
  • $953,349Total liabilities and capital
  • $936,328Total liabilities
  • $827,676Total deposits
  • $738,874Interest-bearing deposits
  • $827,676Deposits held in domestic offices
  • 82.99%% insured (estimated)
  • $1,306Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $104,482Other borrowed funds
  • $0Subordinated debt
  • $2,864All other liabilities
  • $17,021Total equity capital
  • $17,021Total bank equity capital
  • $17,021Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $72,250Undivided profits
  • Memoranda
  • $-55,729Noncurrent loans and leases
  • $50,530Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $109,606Earning assets
  • $0Long-term assets (5+ years)
  • $2,161Average Assets, year-to-date
  • $810,307Average Assets, quarterly
  • $176,330Volatile liabilities
  • $1,118,147Insider loans
  • $998,852FHLB advances
  • $327,469Loans and leases held for sale
  • $979Unused loan commitments
  • $84,482Tier 1 (core) risk-based capital
  • $25,000Tier 2 risk-based capital
  • $3,609Total risk weighted assets
  • $50,530Total unused commitments
  • $0Restructured Loans and leases
  • $8,224Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $40,900Total interest income
  • $22,130Total interest expense
  • $18,770Net interest income
  • $28,214Provision for loan and lease losses
  • -$6,101Total noninterest income
  • $0Fiduciary activities
  • $2,585Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$8,686Additional noninterest income
  • $30,548Total noninterest expense
  • $11,070Salaries and employee benefits
  • $3,580Premises and equipment expense
  • $15,898Additional noninterest expense
  • -$46,093Pre-tax net operating income
  • $2,481Securities gains (losses)
  • $95Applicable income taxes
  • -$43,707Income before extraordinary items
  • $0Extraordinary gains - net
  • -$43,707Net income attributable to bank
  • $0Net charge-offs
  • -$43,707Cash dividends
  • $23,826Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.27%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 1.96%Net interest margin
  • -0.64%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • -4.13%Net operating income to assets
  • -3.91%Return on assets (ROA)
  • -3.90%Pretax return on assets
  • -105.52%Return on equity (ROE)
  • -105.52%Retained earnings to average equity (YTD only)
  • 3.52%Net charge-offs to loans
  • 118.42%Credit loss provision to net charge-offs
  • -0.75%Efficiency ratio
  • 241,124Assets per employee
  • 5.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.93%Loss allowance to noncurrent loans
  • 30.75%Noncurrent assets plus other real estate owned to assets
  • 21.28%Noncurrent loans to loans
  • 19.29%Net loans and leases to deposits
  • 64.56%Net loans and leases to core deposits
  • 104.47%Equity capital to assets
  • 1.79%Core capital (leverage) ratio
  • 1.74%Tier 1 risk-based capital ratio
  • 2.79%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $1,118,147Average earning assets
  • $41,420Average equity
  • $958,054Average loans

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