Georgia Bank & Trust Company of Augusta (merged into South State Bank)
Georgia Bank & Trust Company of Augusta reported total assets of $1.8 bn at Q4 2016, its last Call Report before it merged into South State Bank. The CET1 capital ratio at Georgia Bank & Trust Company of Augusta was 14.74%, and the uninsured share of Georgia Bank & Trust Company of Augusta was 23.33%. Source: FDIC Call Reports.
What sets Georgia Bank & Trust Company of Augusta apart
Nothing in the latest data sets Georgia Bank & Trust Company of Augusta apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Georgia Bank & Trust Company of Augusta?
The balance sheet of Georgia Bank & Trust Company of Augusta at : assets $1.8 bn, deposits $1.5 bn, net loans $1.1 bn (loans equal to 69.91% of deposits). Securities make up 31.9% of total assets at Georgia Bank & Trust Company of Augusta. Since , when Georgia Bank & Trust Company of Augusta held $1.9 bn, its assets shrank 1.9%. At , Georgia Bank & Trust Company of Augusta employed 317 full-time equivalent staff across 12 offices, about $5.8 mn of assets per employee and $128.2 mn of deposits per office.
How much funding at Georgia Bank & Trust Company of Augusta is uninsured?
At Georgia Bank & Trust Company of Augusta, uninsured deposits (above the FDIC limit) made up 23.33% of domestic deposits at . In dollars, Georgia Bank & Trust Company of Augusta estimated $359.1 mn of uninsured deposits.
Key facts, Q4 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.5 bn | not available | |
| Net loans and leases | $1.1 bn | not available | |
| Loan-to-deposit ratio | 69.91% | not available | |
| Tier 1 leverage ratio | 10.29% | not available | |
| Total risk-based capital ratio | 15.99% | not available | |
| Net interest margin | 3.21% | not available | |
| Return on assets (ROA) | 1.11% | not available | |
| Efficiency ratio | 59.52% | not available | |
| Unrealized gain/loss on available-for-sale securities | Loss of $6.2 mn | not available | |
| Noncurrent loans to total loans | 1.10% | not available | |
| Net charge-offs to average loans | 0.21% | not available |
US rank of Georgia Bank & Trust Company of Augusta: 1 = highest unless marked 1 = lowest.
Balance sheet
Georgia Bank & Trust Company of Augusta: assets, deposits and loans
- Total assets $1.8bn
- Deposits $1.5bn
- Net loans $1.1bn
Capital and securities
The CET1 ratio of Georgia Bank & Trust Company of Augusta stood at 14.74% in . Low and high at Georgia Bank & Trust Company of Augusta since : 14.27% () to 14.74% (). Equity capital of Georgia Bank & Trust Company of Augusta at : $188.2 mn, or 10.2% of total assets. Georgia Bank & Trust Company of Augusta also reported a total capital ratio of 15.99% for , and a tier 1 leverage ratio of 10.29%.
The available-for-sale portfolio of Georgia Bank & Trust Company of Augusta showed an unrealized loss of $6.2 mn at .
Georgia Bank & Trust Company of Augusta: capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 10%
Georgia Bank & Trust Company of Augusta: unrealized securities gains and losses
- Available for sale -$6mn
- Held to maturity $0
Profitability and loan quality
For the year to , Georgia Bank & Trust Company of Augusta earned a return on equity of 10.98%; return on assets: 1.11%. Net interest margin at Georgia Bank & Trust Company of Augusta: 3.21%. Georgia Bank & Trust Company of Augusta net income: $20.7 mn. The efficiency ratio of Georgia Bank & Trust Company of Augusta was 59.52%: about 60 cents cost per revenue dollar, against 63 cents at the median peer.
At , noncurrent loans were 1.10% of total loans at Georgia Bank & Trust Company of Augusta; net charge-offs: 0.21% of average loans. Gross loans and leases at Georgia Bank & Trust Company of Augusta: $1.1 bn.
Georgia Bank & Trust Company of Augusta: profitability
- Return on equity 11%
- Net interest margin 3.2%
- Return on assets 1.1%
Peer group of Georgia Bank & Trust Company of Augusta
The peer group of Georgia Bank & Trust Company of Augusta is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 5 share the charter type of Georgia Bank & Trust Company of Augusta (state nonmember bank) and 1 has its head office in Georgia. Against them, Georgia Bank & Trust Company of Augusta shows CET1 ratio 14.74% against a peer median of 13.21%, return on equity 10.98% against a peer median of 8.57% and uninsured deposit share 23.33% against a peer median of 30.39%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| STAR Financial Bank | State nonmember bank | IN | $1.8 bn | 12.00% | 8.49% | 34.48% | |
| Midwest BankCentre | State member bank | MO | $1.8 bn | 11.85% | 8.03% | 5.22% | |
| Hamilton State Bank | State nonmember bank | GA | $1.8 bn | 15.74% | 8.66% | 9.48% | |
| Georgia Bank & Trust Company of Augusta | State nonmember bank | GA | $1.8 bn | 14.74% | 10.98% | 23.33% | |
| Interaudi Bank | State nonmember bank | NY | $1.8 bn | 17.13% | 10.56% | 54.08% | |
| West Bank | State nonmember bank | IA | $1.8 bn | 10.08% | 14.24% | 39.72% | |
| The Fidelity Bank | State nonmember bank | NC | $1.8 bn | 14.43% | 5.64% | 26.31% | |
. FDIC Call Reports.
Last eight quarters
Two years at Georgia Bank & Trust Company of Augusta, to : assets $1.9 bn to $1.8 bn, deposits $1.6 bn to $1.5 bn, equity $187.1 mn to $188.2 mn. Staff 345 to 317.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 |
|---|---|---|---|---|
| Total assets | $1.9 bn | $1.9 bn | $1.9 bn | $1.8 bn |
| Total deposits | $1.6 bn | $1.6 bn | $1.6 bn | $1.5 bn |
| Bank equity capital | $187.1 mn | $193.8 mn | $194.8 mn | $188.2 mn |
| CET1 ratio | 14.30% | 14.27% | 14.57% | 14.74% |
| Return on equity (ROE) | 10.62% | 11.01% | 11.04% | 10.98% |
| Uninsured share of domestic deposits | 21.09% | 24.47% | 22.85% | 23.33% |
| Full-time equivalent employees | 345 | 357 | 323 | 317 |
| Number of offices | 12 | 12 | 12 | 12 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Georgia Bank & Trust Company of Augusta, oldest first; figures before and after each event are not like for like.
- . Merged into South State Bank (FDIC certificate 13425).
Questions and identifiers
What were the total assets of Georgia Bank & Trust Company of Augusta?
Georgia Bank & Trust Company of Augusta reported $1.8 bn at in its Call Report.
Is Georgia Bank & Trust Company of Augusta the same as its holding company?
No. This page covers Georgia Bank & Trust Company of Augusta, FDIC certificate 27574; SOUTHEASTERN BK FINL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Georgia Bank & Trust Company of Augusta profitable?
Georgia Bank & Trust Company of Augusta reported net income of $20.7 mn for the year to ; annualized return on equity: 10.98%. So yes: Georgia Bank & Trust Company of Augusta made a profit over these months.
When is data for Georgia Bank & Trust Company of Augusta next updated?
Georgia Bank & Trust Company of Augusta no longer files Call Reports; its data ends at .
Where can I check the figures for Georgia Bank & Trust Company of Augusta?
In the FDIC BankFind Suite record for certificate 27574, and in the Call Reports of Georgia Bank & Trust Company of Augusta (RSSD ID 1402610) at the FFIEC Central Data Repository.