Hamilton State Bank (merged into Ameris Bank)
Hamilton State Bank reported total assets of $1.8 bn at Q1 2018, its last Call Report before it merged into Ameris Bank. The CET1 capital ratio at Hamilton State Bank was 13.14%, and the uninsured share of Hamilton State Bank was 10.98%. Source: FDIC Call Reports.
What sets Hamilton State Bank apart
Nothing in the latest data sets Hamilton State Bank 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 Hamilton State Bank?
The balance sheet of Hamilton State Bank at : assets $1.8 bn, deposits $1.6 bn, net loans $1.3 bn (loans equal to 82.05% of deposits). Securities make up 15.3% of total assets at Hamilton State Bank. Since , when Hamilton State Bank held $1.8 bn, its assets grew 0.8%. In the year to , deposits at Hamilton State Bank rose 0.6% while its total assets fell 2.0%. At , Hamilton State Bank employed 335 full-time equivalent staff across 29 offices, about $5.3 mn of assets per employee and $54.0 mn of deposits per office.
How much funding at Hamilton State Bank is uninsured?
At Hamilton State Bank, uninsured deposits (above the FDIC limit) made up 10.98% of domestic deposits at (+0.21 pp on a year earlier). In dollars, Hamilton State Bank estimated $172.0 mn of uninsured deposits.
Key facts, Q1 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.6 bn | $1.6 bn (Q1 2017) | |
| Net loans and leases | $1.3 bn | $1.2 bn (Q1 2017) | |
| Loan-to-deposit ratio | 82.05% | 78.57% (Q1 2017) | |
| Tier 1 leverage ratio | 10.21% | 9.24% (Q1 2017) | |
| Total risk-based capital ratio | 13.96% | 13.65% (Q1 2017) | |
| Net interest margin | 4.25% | 4.85% (Q1 2017) | |
| Return on assets (ROA) | 1.44% | 1.10% (Q1 2017) | |
| Efficiency ratio | 56.34% | 59.77% (Q1 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $715,000 | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $4.0 mn | Widened by $2.7 mn | |
| Noncurrent loans to total loans | 0.65% | 1.34% (Q1 2017) | |
| Net charge-offs to average loans | 0.02% | 0.04% (Q1 2017) |
US rank of Hamilton State Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Hamilton State Bank: assets, deposits and loans
- Total assets $1.8bn
- Deposits $1.6bn
- Net loans $1.3bn
Capital and securities
The CET1 ratio of Hamilton State Bank stood at 13.14% in , +0.39 pp year on year. Low and high at Hamilton State Bank since : 12.75% () to 16.43% (). Equity capital of Hamilton State Bank at : $187.3 mn, or 10.5% of total assets. Hamilton State Bank also reported a total capital ratio of 13.96% for , and a tier 1 leverage ratio of 10.21%.
On held-to-maturity securities, Hamilton State Bank carried an unrealized loss of $715,000 at , equal to 0.4% of equity capital. The loss turned from a gain into a loss over the year. The available-for-sale portfolio of Hamilton State Bank showed an unrealized loss of $4.0 mn at ; the loss widened by $2.7 mn over the year.
Hamilton State Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 10%
Hamilton State Bank: unrealized securities gains and losses
- Available for sale -$4mn
- Held to maturity -$715,000
Profitability and loan quality
For the year to , Hamilton State Bank earned a return on equity of 13.49%; return on assets: 1.44%. Net interest margin at Hamilton State Bank: 4.25%, -0.60 pp in a year. Hamilton State Bank net income: $6.4 mn, up 28.1% year on year. The efficiency ratio of Hamilton State Bank was 56.34%: about 56 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.65% of total loans at Hamilton State Bank; net charge-offs: 0.02% of average loans. Gross loans and leases at Hamilton State Bank: $1.3 bn at , against $1.2 bn at .
Hamilton State Bank: profitability
- Return on equity 13%
- Net interest margin 4.2%
- Return on assets 1.4%
Peer group of Hamilton State Bank
The peer group of Hamilton State Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Hamilton State Bank (state nonmember bank) and 0 have head offices in Georgia. Against them, Hamilton State Bank shows CET1 ratio 13.14% against a peer median of 12.03%, return on equity 13.49% against a peer median of 13.05% and uninsured deposit share 10.98% against a peer median of 20.14%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Central Bank of the Midwest | State member bank | MO | $1.8 bn | 10.86% | 8.73% | 12.58% | |
| Jefferson Bank | State nonmember bank | TX | $1.8 bn | 12.42% | 14.16% | 30.44% | |
| Central Bank of Boone County | State member bank | MO | $1.8 bn | 11.63% | 15.75% | 23.03% | |
| Hamilton State Bank | State nonmember bank | GA | $1.8 bn | 13.14% | 13.49% | 10.98% | |
| Habib American Bank | State nonmember bank | NY | $1.8 bn | 14.45% | 15.96% | 0.00% | |
| BTH Bank | National bank | TX | $1.8 bn | 16.09% | 7.94% | 46.58% | |
| First Bank & Trust | State nonmember bank | SD | $1.8 bn | 11.20% | 11.95% | 17.24% | |
. FDIC Call Reports.
Last eight quarters
Two years at Hamilton State Bank, to : assets $1.8 bn to $1.8 bn, deposits $1.5 bn to $1.6 bn, equity $218.3 mn to $187.3 mn. Staff 346 to 335.
| Metric | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn |
| Total deposits | $1.5 bn | $1.5 bn | $1.5 bn | $1.6 bn | $1.5 bn | $1.5 bn | $1.6 bn | $1.6 bn |
| Bank equity capital | $218.3 mn | $223.3 mn | $225.5 mn | $181.0 mn | $187.7 mn | $193.4 mn | $193.3 mn | $187.3 mn |
| CET1 ratio | 16.43% | 15.78% | 15.74% | 12.75% | 13.13% | 13.19% | 13.44% | 13.14% |
| Return on equity (ROE) | 9.51% | 8.83% | 8.66% | 9.86% | 10.80% | 10.99% | 8.46% | 13.49% |
| Uninsured share of domestic deposits | 11.87% | 11.23% | 9.48% | 10.76% | 11.06% | 11.28% | 10.38% | 10.98% |
| Full-time equivalent employees | 346 | 339 | 340 | 338 | 345 | 344 | 342 | 335 |
| Number of offices | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Hamilton State Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Ameris Bank (FDIC certificate 20504).
Questions and identifiers
What were the total assets of Hamilton State Bank?
Hamilton State Bank reported $1.8 bn at in its Call Report.
Is Hamilton State Bank the same as its holding company?
No. This page covers Hamilton State Bank, FDIC certificate 57810; HAMILTON STATE BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Hamilton State Bank profitable?
Hamilton State Bank reported net income of $6.4 mn for the year to ; annualized return on equity: 13.49%. So yes: Hamilton State Bank made a profit over these months.
When is data for Hamilton State Bank next updated?
Hamilton State Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Hamilton State Bank?
In the FDIC BankFind Suite record for certificate 57810, and in the Call Reports of Hamilton State Bank (RSSD ID 3294583) at the FFIEC Central Data Repository.