Sixty-second annual report [1981]

1981 Sixty-Second Annual Report
Department of Banking and Finance
State of Georgia by
Commissioner

DEPARTMENT OF BANKI~G AND FINANCE
STATE OF GEORGIA ATLANTA
SIXTY-SECOND ANNUAL REPORT
YEAR ENDING DECEMBER 31, 1981
***
E. D. "JACK" DUNN Commissioner
ROBERT M. MOLER Deputy Commissioner
***

TABLE OF CONTENTS

History of Department

.

Summary of Condition and Structural Changes..

Official Roster......................................................

Field Examiners......................................................

District Map.........................................................

Revenues and Di sbursements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Legal Holidays.......................................................

Maximum Floating Interest Rate - Real Estate Loans.

Summa ry of Acti vi ti es of Banks

.

Bank Offices/Facilities Approved - Unopened..

Summary of Additions and Deletions - Banks and Bank Offices..

List of State-Chartered Banks, National Banks, Total Assets, Bank Offi ces/Faci 1i ti es. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Abstract of Reports of Condition - Banks.......

Comparative Statement of Earnings and Expenses - Banks.

Registered Bank Holding Companies and Subsidiary Banks....

International Bank Agencies, Banking Facilities and Representative Offi ces. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Summary of Activities of Credit Unions....

Summary of Additions and Deletions - Credit Unions

,.

List of State-Chartered Credit Unions and Total Assets......

Abstract of Reports of Condition - Credit Unions...

Abstract of Statements of Income and Expense - Credit Unions.... .....

List of State-Chartered Building and Loan Association...

Report of Condition - State-Chartered Building &Loan Association .. ,.

Income and Expense - State-Chartered Building &Loan Association.....

Firms Licensed by Commissioner - Sale of Checks Act.

Georgia Credit Union Deposit Insurance Corporation...

ii iv v vi vi i viii viii
6 7
9 22 26 31
37 39 41 42 48 49 50 50 51 52 54

HISTORY OF THE DEPARTMENT

1919

1981

The Department of Banking and Finance was created by the Executive Reorganization Plan of 1972 as successor to the Department of Banking. The original De-
partment of Banking was created by Act of the Legislature in 1919 con-
current with the enactment of The Banking Law which deals with the in-
corporation of banks and the regulation of the business of banking. Since the establishment of the Department in 1919, additional responsibilities have been assigned to the agency in the form of
the Georgia Credit Union Act (1925); Trust Company ~aws of Georgia (1927); Georgia Sale of Checks Act (1965); Regulated Certifi(ated Bank Act (1966); lhe Fiduciary Investment Com-
pany Act (1970); International Bank Agency Act (1972); Georgia Business Development Corporation Act (1972); and Disposition of Unclaimed Properties Act (as it pertains to financial institutions)(1972). The Executlve Reorganization Plan of 1972, in addition to changing the name of the Department, provided for the Department to be headed by a Commissioner as successor to the former Superintendent of Banks and cransferred to the Department the supervision of Staterhartered building and loan associations. All of the foregoing Acts were subject to substantial recodificatlon
in the form of the Financial Institutions Code of Georgia (1974) which became effective April 1, 1975. Provisions of Title 13 of the Code of Georgia relating to Branch Banking and Bank Holding Companies were substantially
amended effective July 1, 1976 to permit multi-bank holding companies under Departmental supervision. The Georgia Credit Union Deposit Insurance Corporation (GCUDIC) was established pursuant to a 1974 Act of the General Assembly under the supervision of the Department. GCUDIC insures deposits of certain state-
chartered credit unions and building and loan associations.

;

SUMMARY OF CONDITION AND STRUCTURAL CHANGES IN FINANCIAL INSTITUTIONS DURING 1981

The financial and statistical information contained in this report has been compiled from the annual reports of condition submitted by the 363 State-chartered banks, 63 National banks, 176 State-chartered credit unions, one State-chartered savings and loan association and 12 licensed money order companies operating in this State, and other statistical
information made available through the examination, investigation and licensing of financial institutions and others under the supervision of the Department of Banking and Finance. The purpose of this report, required by Section 41A-315 of the Code of Georgia, is to provide factual and statistical information that might prove useful to the financial industry and may be used by individuals and financial institutions who might be engaged in economic studies or might otherwise be interested.

BANKING DIVISION

The year-end call reports reflect a continuation of sound economic growth in the banking system. Total assets for the 426 Nationa 1 and State-chartered banks amounted to $25,598,004,000, reflecting an increase of $2,331,009,000 or 10.0%.
Expansion of State-chartered banks through bank offices and facilities continued with an additional 30 banking offices opened during 1981 and 20 offices closed or merged into National banks, bringing the total of such offices to 438. Ten banks were lost through mergers in 1981.
During 1981 the Department approved 42 applications by bank holding companies for permission to acquire controlling interest in additional Georgia banks. Twentyfour of these app 1i cat ions were approved to estab 1ish new bank holding companies.
Thirteen agencies and three representative offices of foreign banks had registered or had been authorized to establish an office in Georgia at year-end.
Trust activities continue to be conducted principally by bank trust departments and there is one separately chartered trust company. Other depository financial institutions exercise limited trust powers in connection with individual retirement accounts authorized by the Employee Retirement Income Security Act of 1976 enacted by Congress.
Articles of Amendment of Articles of Incorporation were approved for twelve banks to increase their outstanding capital stock. The Department approved ten Articles of

ii

SUMMARY OF CONDITION AND STRUCTURAL CHANGES IN FINANCIAL INSTITUTIONS DURING 1981 (Continued)

BANKING DIVISION (Continued)
THRIFT INSTITUTIONS DIVISION
SALE OF CHECKS ACT OTHER INSTITUTIONS

Amendment creating authorized but unissued shares to be issued in the future. Thirty banks were granted permission to issue authorized but unissued shares through stock dividends or sales. Amendments were approved for four banks to change the par value of their shares, for three banks to change their names and for one bank to acquire trust powers. Permission was granted for seven banks to issue subordinated securities; however, two rescissions were issued for either partial or total amounts approved. Eleven applications were approved giving consent for banks to retire subordinated securities.
Credit Unions operating under State charter have experienced steady growth during 1981. Consolidated financial and stat i st i ca1 reports of the 176 State-chartered cred it unions reflect an increase in total assets of $57,897,000 or 9.4% to a total of $676,888,000. All State-chartered credit unions provide their members with deposit protection through the National Credit Union Administration or The Georgia Credit Union Deposit Insurance Corporation.
Total assets of State-chartered savings and loan associations as of December 31, 1981 were $11,578,938. The deposits of the State-chartered savings and loan associations are insured by The Georgia Credit Union Deposit Insurance Corporation.
At year-end The Georgia Credit Union Deposit Insurance Corporation had total resources of$2,352,486 and insured deposits of 134 cred it un ions hav i ng total insured deposits of $430,126,990. Additional resources are provided through reinsurance in the amount of $3,000,000.
The Department of Bank i ng and Finance superv i ses the licensing of check sellers pursuant to the Georgia Sale of Checks Act enacted in 1965. Twelve companies with a total of 2,814 agents throughout the State were licensed to do business under the Act during 1981.
The Department is charged with the responsibility of supervising the operations of Bank Data Processing Cooperatives, Fiduciary Investment Companies and Business Development Corporations. There is one business development corporation, but no fiduciary investment companies currently operating.

iii

OFFICIAL ROSTER

E. D. DUNN
Commissioner

ROBERT M. MOLER, CFE Deputy Commissioner

Reece V. Morris, CFE .... Deputy Commissioner for Administration

John B. r-line, CFE ..... Deputy Commissioner for Bank Supervision

Chief Review Examine~, Inte~ational Bank Agencies,

Trust, Technical and Legal

Charles W. Burge, CFE .. Deputy Commissioner for Thrift Institutions

C~edit Unions, Building and Loan Associations, Check Selle~s

Davi d G. Sorrell, CFE ... Training Di rector

Coo~dinato~ fo~ T~aining and Educational Activities

Steven D. Bridges ........... Administrative Examiner

David A. Hancock .......... Administrative Examiner

Ralph J. Shire ............... Administrative Examiner

C. Craig Smith ....... (Thrifts) Administrative Examiner

Examination Repo~t Review, Holding Companies, Relocations, Me~ge~s

Applications fo~ Banks and Bank Offices, Sec~ties App~ovals,

Consume~ Affai~s, Technical and Legal

W. Randolph Barker....... Administrative Examiner

Coo~dinato~ fo~ EDP Activities, Technical and Legal

Dorothy L. Lee

Accountant

Ba rba ra Moore

Accountant

Accounting and Fiscal

Jeannie Benefield ..... Administrative Assistant, Banks

Examination Repo~t Review, Call Repo~ts, Statistical

Report:e, Technical and Legal

Vickie Busby ..... Administrative Assistant, Thrift Institutions

Corpo~ate Matte~s, Examination Repo~t Review, Consume~

Affai~s, Techincal and Legal

Ruby S. Tucker............ Administrative Assistant, Banks

Corporate Nat.t.ere , Consumer Affai~s, Pending Applications,

Technical and Legal

Maggie Smith ................................... Personnel Manager

Pereonne L

L. Jean Ethridge .......... Confidential Secretary

Appointments, Confe~ences and Semin~s, Info~ation

Depa~tment Bulletin, Fo~s and Applications

Susan Brown ........ Senior Secretary/Typist

Renate Carroll ......... Accounting Technician

Cynthia Englett .......... Senior Secretary/Typist

Mar; lyn Fuller

Secretary/Typist

Marilou Harvey ........................ Senior Secretary/Typist

Sonja Hencely ......................................... Principal Clerk

Kathleen Tucker ..................... Principal Clerk

iv

DISTRICT NORTHWEST
I
NORTHEAST
II
CENTRAL III
<
EAST CENTRAL
IV
SOUTHWEST V
SOUTHEAST VI

FIELD EXAMINERS

DISTRICT DIRECTOR Jackson D. Hardy

SENIOR EXAMINERS
William D. Atkins James E. Haley

I Thomas E. Proctor

Drexel Beck Larry S. Moor

C. Douglas Peugh

John H. Pennell, II Barry L. Rooks

Robe rt H. Ca11 i er, Jr. Hubert C. Miller

Robley S. Rigdon Norman E. Mi mbs

Robert L. Herndon David R. Johnston
James F. Mi 11s

EXAMINERS James M. Brooks Jerry A. Cox Thomas E. Garreau Edward B. Heefner
Wayne Orr Ned W. Ove rby
Harry Brown Gary V. Green Georgia High Grace A. Mayner Larry E. Shelley Emory Stanford
Robert Davis James R. Pri ce, III
Larry T. Duke John E. Gavin Melinda Kinard Michael Rosser John F. Sutphin, III Billy S. Wilson

ASSISTANT AND SENIOR ASSISTANT EXAMINERS Gregory S. Akins James A. Emory Vi ctor A. Greene Steve Lyle Larry J. Moody
E. Nanette Ansley Gary L. Fox William L. Hiers, III Michael Killeen Jane K. King George A. Reynolds James H. Winn
J. Randy Barrs James E. Burton Billie L. Reed
Princess Brown Wi 11 ; e J. Cheek Glenn Edwards Ga ry F. Ford Jay T. Jones
Eugene Cline Joyce A. Rowe
Eddi e L. Bishop Rick McClintock Jane L. Murphy Robin L. Sanford W. Paul Westbrook

" District Base
THOWAS
vi

RECEIPTS AND DISBURSEMENTS FISCAL YEAR 1981

REVENUES COLLECTED:
Bank Examination and Supervision Fees New Bank, Bank Office and Holding Company
Investigation Fees Credit Union Examination and Supervision
Fees Sale of Checks Investigation and License
Fees Building and Loan Examination, Supervision
and Investigation Fees Holding Company Examination and Supervision
Fees Miscellaneous Fees and Fines
Total Revenues Collected and Remitted to Fiscal Division, Department of Administrative Services

$2,248,004.00 128,900.00 246,220.68 11 ,039.00 4,437.42 20,075.00 1,300.00
$2,659,976.10

DISBURSEMENTS:
Personal Services Travel Expense Motor Vehicle Equipment Purchase Motor Vehicle Expense Office Rent Equipment Printing Repairs and Maintenance Supplies and Materials Computer Communications Mi see 11 an eous
Total Disbursements

$2,097,791.10 261,150.44 50,640.09 46,261. 20 56,838.69 6,531.11 12,073.44 6,172.95 20,390.57 8,169.76 17,515.08 42,257.57
$2,625,792.00

vii

LEGAL HOLIDAYS

January 1........................................

New Yea r ISOay

January 19

Robert E. Lee's Birthday

February 22 ........ George Washington's Birthday

(Observed Third Monday in February)

April 26

Confederate Memorial Day

May 30.................................... Nat; ana1 r~emori a1 Day

(Observed Last Monday in May)

June 3 Jefferson Davis I Bi rthday

July 4............................................. Independence Day

(Observed First Monday in July)

First Monday in September ................................... Labor Day

October 12......................... Co 1umbus Day

(Observed on Second Monday in October)

Novent>er 11........................................................ Veterans Day

Fourth Thursday in r~ovember ...... Thanksgiving Day

December 25

Christmas Day

(Observed Fourth Friday in December)

(Provided that when any of the holidays enumerated above fallon a Sunday, the Monday next following shall be observed as a Legal Holiday; also, provided that when any of the holidays enumerated above fallon a Saturday, the Friday before shall be observed as a Legal Holiday.)

MAXIMUM FLOATING INTEREST RATE ALLOWABLE ON REAL ESTATE LOANS

MONTH

PERCENT INTEREST

JANUARY, 1981 FEBRUARY, 1981 ............................ MARCH, 1981............................... APRIL, 1981 ...................... MAY, 1981 .............................................................. JUNE, 1981............................................................ JULY, 1981 ........................... AUGUST, 1981 .......................... SEPTEMBER, 1981................. OCTOBER, 1981................ NOVEMBER, 1981 ....................... DECEMBER, 1981 ............................

15.00 15.00 14.75
15.50 15.50 16.00 16.25 15.75
16.50 17.00
17.50 17.75

viii

SUMMARY OF ACTIVITIES OF BANKS

ARTICLES OF INCORPORATION FOR INTERIM BANKS APPROVED

NAME OF BANK C & S of Cobb County Interim Bank

LOCATION Austell

APPROVED 1-05-81

ARTICLES OF INCORPORATION FOR BANKS AND TRUST COMPANIES APPROVED

NAME OF BANK

LOCATION

APPROVED

Reliance Trust Company Northeastern Interim Banking Co. Lumpkin County Bank Georgia State Interim Bank Bank of the South, Cobb County CB&T Interim Bank of Glynn County Woodstock Interim Bank

Atlanta Commerce Dahlonega Mableton Marietta St. Simons Woodstock

1-05-81 10-29-81 4-20-81 7-29-81 7-16-81 7-10-81 12-10-81

ARTICLES OF INCORPORATION FOR BANKS DISAPPROVED

NAME OF BANK Citizens Bank & Trust Company First Service Bank

LOCATION Albany LaGrange

DISAPPROVED
4-23-81 9-22-81

NAME OF BANK

ARTICLES OF DISSOLUTION APPROVED LOCATION

C & S of Cobb County Interim Bank

Austell

APPROVED 12-01-81

PERMITS ISSUED FOR BANK/TRUST COMPANY TO BEGIN BUSINESS

NAME OF BANK/TRUST COMPANY Bank of the South, Clayton County Reliance Trust Company

LOCATION

ISSUED

Forest Park 3-25-81

Atlanta

6-29-81

TO OPEN 6-01-81 7-01-81

SUMMARY OF ACTIVITIES OF BANKS - Continued

APPLICATIONS FOR CONSOLIDATIONS AND/OR MERGERS APPROVED

NAME OF BANK

LOCATION

ACTIVITY

APPROVED

First State Bank and Trust Company

of Valdosta

Valdosta

and

First State Interim Company

Valdosta

Merger

First Citizens Bank and
FCB Interim, Inc.

Glennville Glennville

Merger

First State Bank &Trust Company
and First State Interim Corporation

Albany Albany

Merger

The Citizens and Southern Bank of Mi 11 edgevi11 e
and
C &S Interim, Inc.

Mi 11 edgevi 11 e ) ) Merger
Mi 11 edgevi 11 e )

Cornel ia Bank and
Community Interim, Inc.

Cornelia )
)
Cornelia )

Merger

The Fulton National Corporation and
Bank of Forest Park and
Bank of the South
and Bank of the South, Clayton County

Atlanta

)

)

Forest Park )

)

Riverdale )

)

Forest Park )

Consolidation

The Fa rmers Bank
and Southern Interim Company

Douglas Douglas

Merger

The Coastal Bank and
Long State Bank

Hinesville )
)
Ludowici )

Merger

First Bank and Trust
and First Interim, Inc.

Carnesville )
)
Carnesville )

Merger

American Banking Company
and ABC Interim, Inc.

Moultrie )
)
Moultrie )

Merger

Reliance Corporation of Georgia and
Reliance Trust Company

Atl anta )
)
Atlanta )

Merger

1-20-81 2-18-81 2-23-81 3- 10-81 3-24-81
3-25-81
3-30-81 5- 15-81 5-22-81 6- 18-81 6-29-81

2

SUMMARY OF ACTIVITIES OF BANKS - Continued

APPLICATIONS FOR CONSOLIDATIONS AND/OR MERGERS APPROVED

NAME OF BANK

LOCATION

ACTIVITY

APPROVED

Alma Exchange Bank & Trust

Alma )

and

)

Alma Exchange-Interim Bank & Trust Alma )

Merger

Citizens State Bank and
Citizens State-Interim Bank

Kingsland )
)
Kingsland )

Merger

The Citizens Bank and
Citizens Interim Bank

Folkston )
)
Folkston )

Merger

First Citizens Bank and
Interim FCB, Inc.

Fayetteville )

) Merger

Griffin

)

CB&T Interim Bank of Glynn County
and The Coastal Bank of Georgia
and
Island Associates, Inc.

St. Simons Island)
)
St. Simons Island) Merger
)
St. Simons Island)

CB&T Interim Bank of Glynn County St. Simons Island)

and

) Merger

Coastal Bankshares, Inc.

St. Simons Island)

The Central Bank and
CB Interim Corporation

Swainsboro Swainsboro

Merger

Bank of Quitman and
New Quitman, Inc.

Quitman )
)
Quitman )

Merger

Cobb Bank & Trust Company
and Bank of the South, Cobb County

Smyrna )
)
Ma ri etta )

Merger

Lamar State Bank and
LSB Interim, Inc.

Barnesville Barnesville

Merger

The Crawford County Bank and
CCB Interim, Inc.

Roberta )
)
Roberta )

Merger

The Bank of Zebulon and
BZ Interim, Inc.

Zebulon )
)
Zebulon )

Merger

7-20-81 7-20-81 8-07-81 9-09-81
9- 18-81 9-18-81 10-06-81 10-26-81 10-28-81 11- 16-81 11-16-81 1 1 - 16-81

3

SUMMARY OF ACTIVITIES OF BANKS - Continued APPLICATIONS FOR CONSOLIDATIONS AND/OR MERGERS APPROVED

NAME OF BANK

LOCATION

ACTIVITY

Capital City Bank and
CCB Holdings, Inc.
State Bank and Trust Co. and
Bank of Pinehurst
Southern Bank and
SB-Interim, Inc.

Hapeville )
)
Atl anta )
Unadi 11 a }
)
Pinehurst )
Waycross )
)
Waycross )

Merger Merger Merger

APPROVED 12-14-81 12-22-81 12-30-81

STATE BANKS IN LIQUIDATION

NAME OF BANK

LOCATION DATE CLOSED

The Hamilton Bank and Trust Company Atlanta

10-08-76

Unpaid Claims due FDIC

.

Estimated Value of Remaining Unliquidated Assets

.

DEPOSITORY
N/A $2,980,231* $2,582,401

First Augusta Bank &Trust Company Augusta
Unpaid Claims due FDIC Estimated Value of Remaining Unliquidated Assets

5-20-77
. .

N/A
$3,452,428* $2,883,367

Peoples Banking Company

Boston

Unpaid Claims due FDIC Estimated Value of Remaining Unliquidated Assets

3-17-81
. .

N/A
$1,508,073* $1,641,796

Toney Brothers Bank

Doerun

Unpaid Claims due FDIC Estimated Value of Remaining Unliquidated Assets

1-05-79
. .

N/A
$ 197,527* $ 508,744

* Principal only; does not include accrued interest due FDIC.

4

SUMMARY OF ACTIVITIES OF BANKS - Continued

BRANCH BANKS AS OF DECEMBER 31, 1981

NAME OF BANK
Bank of the South, N. A. Atlanta
First Georgia Bank Atlanta
First National Bank of Atlanta Atlanta
National Bank of Georgia Atlanta
Trust Company Bank Atlanta
American National Bank Brunswick
Columbus Bank &Trust Company
Columbus
First National Bank of Columbus Col umbus .
Fidelity National Bank Decatur
The Citizens Bank Folkston
Bank of the South, Clayton County, Forest Park
The Coastal Bank Hinesville
Trust Company Bank of Middle Georgia, N. A., Macon
Roswell Bank, Roswell
The Citizens and Southern National Bank of Savannah Savannah

CHARTER COUNTY BRANCH COUNTIES

Fulton Fulton Fulton
Fulton Fulton
Glynn Muscogee Muscogee DeKalb Charlton Clayton Liberty Bibb Fulton Chatham

DeKalb
DeKalb Clayton, Cobb, DeKalb, Richmond
DeKalb DeKalb, Cayman Islands
Wayne
Chattahoochee
Chattahoochee
Fulton
Brantley
Fulton
Long
Houston DeKalb Bibb, Clarke, Clayton, Cobb, DeKalb, Fulton, Gwi nnett, Henry, Lowndes, Richmond

SUMMARY OF ACTIVITIES OF BANKS - Continued

BANK OFFICES/FACILITIES APPROVED BUT UNOPENED AS OF DECEr1BER 31, 1981

PARENT NAME

LOCATION

NAME OF BANK OFFICE/FAC. LOCATION

Sumter County Bank and Trust Company
Trust Company Bank

Americus Atlanta

Fannin County Bank

Blue Ridge

Bartow County Bank

Cartersville

Bank of Cumming

Cumming

Bank of the South,

Gwinnett County

Duluth

Farmers and Merchants Bank Fayetteville

The Citizens Bank

Gainesvi11 e

The Citizens and Southern LaGrange

Bank of West Georgia

Georgia State Bank

Mableton

Macon Bank and Trust

Company

Macon

Gwinnett Bank &Trust

Company

Norcross

Farmers Bank of Pelham

Pelham

The Rockmart Bank

Rockmart

Cobb Bank and Trust Company Smyrna

Gwinnett County Bank

Snellville

Comme rci a1 Bank
First State Bank &Trust
Company
The Citizens and Southern Bank of Houston County
Citizens State Bank The Peoples Bank

Thomasville
Valdosta
Warner Robins Warner Robi ns Winder

Forsyth Street Office Ameri cus

Gateway Fulton Industrial

Office

Atlanta

Valley Village Facility Blue Ridge

Rockmart Highway Office Cartersvi lle

Tri-County Mall Office Cumming

Rockbridge Office

Norcross

North Fayette Bank Office Fayettevi 11 e

Browns Bridge Road Office Gainesville

Broad and Vernon Street LaGrange

Office

Galleria Bank Office

Atlanta

Vineville Office

Macon

Killian Hill Office

Lilburn

Meigs Bank Office

Meigs

Motor Bank Facility

Rockmart

Vinings Junction Facility Smyrna

Killiam Hill Office

Lilburn

Lawrenceville Office

Lawrenceville

Gateway Office

Thomasville

Westside Office

Valdosta

Russell Parkway Office North Houston Office North Broad Facility

Warner Robins l~arner Robins
Winder

MISCELLANEOUS SUPERVISED INSTITUTIONS

Business Development Corporation of Georgia... Atlanta

Bank-owned Cooperative Data Centers: *

BanData, Inc

Atlanta

First Financial Management Corp .... Atlanta

Northwest Georgia Computer Services, Inc .. Calhoun

Financial Data Services, Inc....... Carrollton

Financial Computer Services, Inc ... Commerce

Northeast Georgia Computer Services, Inc .... Elberton

* Does not include departments and wholly-owned subsidiaries of major correspon-
dent banks which may perform data processing services for others.

6

SUMMARY OF ACTIVITIES OF BANKS - Continued

SUMMARY OF BANK AND BANK OFFICE ADDITIONS ANn DELETIONS DURING 1981

State

Branches

Chartered Bank Offices

Banks

& Facil iti es

IN OPERATION JANUARY 1, 1981............................ 372

428

BANKS/TRUST COMPANIES OPENING DURING yEAR............... + 2

Bank of the South, Clayton County, Forest Park (6-1-81)

Reliance Trust Company, Atlanta (7-1-81)

BANK DELETED BY MERGERS, ASSUMPTIONS AND CONVERSIONS.... -10

The Citizens and Southern Bank of Cobb County,

Austell (12-31-81)

Peoples Banking Company, Boston (3-17-81)

The Northeast Commercial Bank, Doraville (4-2-81)

Bank of Forest Park, Forest Park (6-1-81)

The Citizens and Southern Bank of Clayton County,

Forest Park (12-31-81)

Long State Bank, Ludowici (6-15-81)

The Citizens and Southern Bank of Henry County,

McDonough (12-31-81)

The First Bank of Clayton County, Morrow (7-31-81)

The Citizens and Southern Bank of Gwinnett, Norcross (12-31-81)

Bank of the South, Riverdale (6-1-81)

BANK OFFICES/FACILITIES OPENING DURING yEAR.............

+ 30

Citizens Bank of Americus, Americus

Tripp Street Office, Americus (3-16-81)

First Georgia Bank, Atlanta

Memorial Drive Office, Stone Mountain (8-14-81)

North Hills Office, Chamblee (9-1-81)

Peachtree Industrial Office, Chamblee (11-9-81)

Peachtree Bank and Trust Company, Chamblee

Decatur Drive-In Facility, Decatur (2-26-81)

Bank of Chester, Chester

Eastman Facility, Eastman (10-15-81)

First Bank of Conyers, Conyers

Northside Office, Conyers (6-1-81)

Bank of Dahlonega, Dahlonega

Memorial Drive Facility, Dahlonega (12-31-81)

The Farmers Bank, Douglas

Westside Office, Douglas (3-9-81)

Farmers & r1erchants Bank, Dub 1i n

Westgate Office, Dublin (5-27-81)

Bank of the South, Clayton County, Forest Park

Riverdale Office, Riverdale (6-1-81)

The Coastal Bank, Hinesville

Long County Branch Bank, Ludowici (6-16-81)

The Hinesville Bank, Hinesville

Midway Office, Midway (7-10-81)

Trust Company Bank of Gwinnett County, Lawrenceville

Mountain Park Office, Lawrenceville (10-14-81)

Peachtree Corners Office, Norcross (5-11-81)

The Citizens and Southern Bank of Henry County, McDonough

Stockbridge Office, Stockbridge (4-11-81)

Newton County Bank, Mansfield

Covington Office, Covington (11-16-81)

7

SUMMARY OF ACTIVITIES OF BANKS - Continued

SUMMARY OF BANK AND BANK OFFICE ADDITIONS AND DELETIONS DURING 1981

Continued

State

Branches

Chartered

Bank Offices

Banks

&Facilities

Commercial Bank of Cobb County, Marietta

Merchants Walk Office, Marietta (2-2-81)

Georgia State Bank, Martinez

Grovetown Office, Grovetown (7-13-81)

Gwinnett Bank &Trust Company, Norcross

Stone Mountain Office, Stone Mountain (12-22-81)

Rossville Bank, Rossville

Bentley Place Office, Rossville (9-11-81)

Atlantic Bank and Trust Company, Savannah

Johnson Square Office, Savannah (12-31-81)

First Bank of Savannah, Savannah

Candler Hospital Office, Savannah (12-7-81)

Mall/Waters Office, Savannah (9-1-81)

Gwinnett County Bank, Snellville

Peachtree Corners Office, Norcross (1-5-81)

Sea Island Bank, Statesboro

Statesboro Mall Office, Statesboro (8-3-81)

The First State Bank, Stockbridge

McDonough Office, McDonough (8-17-81)

Commercial Bank, Thomasville

Boston Office, Boston (3-19-81)

Commercial Bank, Waycross

Brunswick Highway Office, Waycross (5-13-81)

Commercial Bank of Pike County, Zebulon

Concord Office, Concord (5-4-81)

BANK OFFICES/FACILITIES DISCONTINUED DURING yEAR

- 20

The Citizens and Southern Bank of Cobb County, Austell

Cobb Parkway Office, Marietta (12-31-81)

Cumberland Office, Smyrna (12-31-81)

East Cobb Office, Marietta (12-31-81)

Mableton Office, Austell (12-31-81)

Marietta Square Office, Marietta (12-31-81)

Windy Hill Office, Marietta (12-31-81)

The Citizens and Southern Bank of Clayton County, Forest Park

Arrowhead Office, Jonesboro (12-31-81)

Jonesboro Road Office, Forest Park (12-31-81)

Riverdale Office, Riverdale (12-31-81)

South Clayton Office, Jonesboro (12-31-81)

The Citizens Bank, Fort Valley

Southside Facility, Fort Valley (3-31-81)

The Citizens and Southern Bank of Henry County, McDonough

Stockbridge Office, Stockbridge (12-31-81)

The First Bank of Clayton County, Morrow

Astor Office, Forest Park (7-31-81)

Southlake Mall Office, Morrow (7-31-81)

Stagecoach Office, Conley (7-31-81)

Tara Office, Jonesboro (7-31-81)

The Citizens and Southern Bank of Gwinnett, Norcross

Buford Office, Buford (12-31-81)

Jimmy Carter Boulevard Office, Norcross (12-31-81)

Lilburn Office, Lilburn (12-31-81)

Rockbridge Road Office, Stone Mountain (12-31-81)

IN OPERATION DECEMBER 31, 1981....................... 364

438

8

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

DATE

BUSINESS

NO.

TOTAL

OFF. ASSETS*;

Abbeville Adairsville Adel Ailey Alamo Alapaha Albany
Allentown Alma ~ Alpharetta Americus
Arlington Ashburn Athens
Atlanta
Augusta
Bainbridge

Wilcox

Dorsey State Bank

10-04-1972 10-04-1972 0

Wilcox County State Bank

4-22-1952 4-22-1952 1

Bartow

*Bank of Adairsville

3-21-1899 3-24-1899 0

Cook

Adel Banking Company

2-27-1929 3-01-1929 1

Farmers and Merchants Bank

12-11-1947 1-15-1948 0

Montgomery Montgomery County Bank

2-24-1926 3-01-1926 0

~~hee 1er

Wheeler County State Bank

1-15-1945 1-17-1945 0

Berrien

Bank of Alapaha

3-04-1905 3-25-1905 2

Dougherty

The Citizens &Southern Bank of Albany 5-06-1943 6-01-1943 6

*The First National Bank of Albany

3

First State Bank &Trust Company

3-31-1961 3-31-1961 5

Security Bank and Trust Company of

Albany

4-17-1970 8-31-1970 2

Wilkinson

The Four County Bank

8-18-1941 9-15-1941 0

Bacon

Alma Exchange Bank &Trust

7-29-1981 7-29-1981 1

*The First National Bank of Alma

0

Fulton

Fulton County Bank

2-06-1920 4-12-1920 0

Sumter

Bank of Commerce

10-13-1891 1-02-1892 1

Citizens Bank of Americus

2-20-1937 3-25-1937 2

Sumter Bank and Trust Company

10-01-1973 10-28-1974 0

Calhoun

Bostwick Banking Company

8-27-1935 3-01-1936 0

Turner

Ashburn Bank

7-03-1900 7- -1900 0

The Citizens Bank of Ashburn

7-27-1905 10-25-1905 0

Clarke

Athens Bank and Trust

3-12-1976 10-07-1976 1

First American Bank and Trust Company 9-24-1949 11-01-1949 1

*The First National Bank of Athens

3

Fulton

*Bank of the South, N. A.

29

*Citizens Trust Bank

7-12-1921 8-1],-1921 2

*First Georgia Bank

12-05-1934 1-01-1935 10

*The First National Bank of Atlanta

76

*The National Bank of Georgia

22

*Trust Company Bank

9-21-1891 11-08-1891 41

Reliance Trust Company

2-11-1981 7-01-1981 0

Richmond

*The First National Bank and Trust

Company of Augusta

8

*Georgia Railroad Bank &Trust Company 11-15-1892 12-31-1892 16

Decatur

The Citizens Bank and Trust Company 11-08-1911 12-19-1911 0

868 12,543 9,847 33,109
7,532 8,808 8,135 20,616 130,451 54,459 116,342
42,607 12,060 21 ,169 18,009 26,862 50,887 40,502 24,678 11 ,161 32,761 27,549 10,415 45,760 103,811 1,127,924
52,524 179,809 3,067,755
526,397 2,178,732
***
115,290 460,809 40,201

* Member Federal Reserve System ** Amounts are in thousands.

*** Non-Deposit Trust Company

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Bainbridge
Ba 11 Ground Barnesville
Ba rwi ck Baxley
Blackshear
B1airs vi 11 e
Blakely
Blue Ridge Bowdon 0 Bowman Braselton Bremen
Brooklet Broxton Brunswi ck
Buchanan
Buena Vista Buford Butler Byron Cadwe 11 Cai ro
Calhoun

Decatur
Cherokee Lamar
Brooks Appling
Pierce
Union
Early
Fannin Ca rro 11 Elbert Jackson Haralson
Bulloch Coffee Glynn
Haralson
Marion Gwi nnett Taylor Peach Laurens Grady
Gordon

*First State National Bank of

Bainbridge

The First Port City Bank

4-03-1974 10-07-1974 0

Citizens Bank

9-28-1926 10-01-1926 1

*The First National Bank of Barnesville

0

Lamar State Bank

4-14-1971 6-01-1972 1

Barwick Banking Company

2-16-1967 6-01-1967 0

Baxley State Bank
Peoples State Bank &Trust

8-23-1917 8-25-1917 0 5-04-1966 7-01-1966 0

*The Blackshear Bank

7-07-1892 7-07-1892 0

Peoples Bank

8-01-1946 8-05-1946 0

*First National Bank of Union County (Began business in 1982) 0

Union County Bank

2-18-1949 3-01-1950 0

Bank of Early

4-03-1941 4-28-1941 0

First State Bank of Blakely

5-06-1937 5-15-1937 1

Fannin County Bank

5-29-1916 6-06-1916 0

The Commercial Bank

9-22-1926 9-22-1926 1

The American Bank

12-02-1966 1-03-1967 0

Braselton Banking Company
The Citizens &Merchants Bank Commercial &Exchange Bank

12-13-1948 12-18-1948 0 6-09-1970 11-16-1970 0 1-18-1949 2-01-1949 1

Farmers &Merchants Bank

2-04-1948 2-17-1948 1

Broxton State Bank

8-04-1966 9-01-1966 0

*American National Bank of Brunswick

5

*The First National Bank of Brunswick

4

*The First National Bank of Haralson

County

1

Buena Vista Loan and Savings Bank

9-22-1887 9-01-1889 0

First Commercial Bank

1-18-1946 2-11-1946 2

The Citizens State Bank

9-04-1926 9-04-1926 0

Middle Georgia Bank

10-30-1962 2-04-1963 1

Farmers State Bank

8-23-1972 8-23-1972 0

Cairo Banking Company

11-23-1903 11-23-1903 1

Citizens Bank

12-03-1903 1-01-1904 0

*First National Bank of Grady County

1

*The Calhoun First National Bank

2

Gordon County Bank

12-27-1967 1-02-1969 0

* Member Federal Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
41 ,011
24,659 18,763 31 ,336 20,713 2,981 40,861 13,595 15,765 21,615
N/A 33,140 18,093 23,217 32,480 30,223 6,650 2,976 7,185 19,478
19,163 11 ,323 110,975 107,151
18,514 14,398 27,189 21 ,286 18, 194 4,453 30,279 8,859 17,100 66,560 16,692

LIST OF STATE AND NATIONAL BANKS

CITY Cami 11 a Canton Ca rnes vi 11 e Ca rro 11 ton
Cartersville
Cave Spring Cedartown
Chamblee Chatsworth Chester Chickamauga Clarkesville Clarkston Claxton Cl ayton Cleveland Cobbtown Cochran Co 1quitt

COUNTY Mi tchell Cherokee Franklin Carro11
Bartow
Floyd Polk
DeKa 1b Murray Dodge Walker Habersham DeKa 1b Evans Rabun Whi te Tattnall Bleckley Mi 11 er

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Bank of Cami 11 a

11-04-1889 1-02-1890 0

Planters &Citizens Bank

9-20-1904 5-24-1913 0

Bank of Canton

11-17-1892 12-18-1892 2

Etowah Bank

1-22-1927 1-29-1927 1

First Bank and Trust

7-18-1960 8-01-1960 1

The Carrollton State Bank

4-21-1972 8-1')1-1972 1

The Peoples Bank'

11-10-1909 12-01-1909 2

*West Georgia National Bank of

Carrollton

2

Bartow County Bank

6-07-1973 3-28-1974 0

The Citizens and Southern Bank

of Bartow County

12-20-1947 11-19-1948 0

*The First National Bank of

Cartersville

3

Bank of Cave Spring

12-15-1966 6-15-1967 0

*The Commercial National Bank

1

*The First National Bank of Polk

County

1

Peachtree Bank and Trust Company

3-17-1960 5-06-1960 9

Cohutta Banking Company

7-17-1905 1-24-1906 2

*The First National Bank of Chatsworth

1

Bank of Chester

6-14-1966 9-26-1966 1

Bank of Chickamauga

2-16-1910 5-10-1910 1

Habersham Bank

5-13-1904 5- -1904 3

Citizens DeKalb Bank

4-10-1969 3-06-1970 5

The Claxton Bank

2-24-1941 2-24-1941 2

Tippins Bank &Trust Company

8-30-1940 9-03-1940 1

Bank of Clayton

6-30-1904 7-01-1904 1

Rabun County Bank

5-01-1974 10-10-1975 0

The Peoples Bank

12-11-1945 7-01-1946 1

White County Bank

12-02-1975 10-29-1976 1

The Brown Bank

6-24-1970 6-24-1970 0

Cook Banking Company

4-24-1942 7-01-1942 0

State Bank of Cochran Citizens Bank

12-22-1921 1-05-1922 0 3-24-1924 4-21-1924 0

The Peoples Bank

3-16-1973 10-19-1973 0

* Member Federa1 Reserve System
** Amounts are in thousands.

-----

TOTAL
ASSETS*~
24,007 29,285 53,837 53,912 24,091 9,624 56,966
37,989 20.106
26,967
60,619 5,117 36,174
36,711 157,639 30,010 16,329
4,376 19, 176 57,141 22,505 23,465 15,219 44, 125 11 ,014 54,560 21 ,385 3,915 14,342 19,791 24,978 16,191

CITY Columbus
Comer Commerce Conyers Coolidge Cordele Cornelia
--'
N Covington Crawford Crawfordvi 11 e Cumming Cuthbert Dahlonega Da 11 as
Dalton
Danielsville Darien

LIST OF STATE AND NATIONAL BANKS

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Muscogee

Columbus Bank and Trust Company

12-24-1888 4-01-1889 13

*The First National Bank of Columbus

10

*The National Bank and Trust Company

of Columbus

6

Trust Company of Columbus

3-19-1954 3-19-1954 4

t~adi son

Merchants and Farmers Bank

10-03-1935 10-10-1935 1

of Comer, Georgia

Jackson

*The First National Bank of Commerce

2

Northeastern Banking Company

8-25-1891

1892 0

Rockdal e

First Bank of Conyers

11-17- 1969 6-24-1970 2

Trust Company Bank of Rockdale

10-15-1891 6- -1901 2

Thomas

Farmers and Merchants Bank of

Thomas County

12-18- 1911 11-20-1911 1

Crisp

Cordele Banking Company

5-31-1927 6-15-1927 1

First State Bank in Cordele

12-03-1938 1-03-1939 1

Habersham

Cornelia Bank

7-03-1900 8-04-1900 3

First Bank of Habersham

9-14-1979 9-15-1979 2

Newton

The Bank of Covington

4-10-1901 4-10-1901 1

*First National Bank of Newton County

2

Oglethorpe The Commercial Bank

9-02-1924 9-05-1924 0

Taliaferro The Peoples Bank

12-08-1947 1-02-1948 0

Forsyth

Bank of Cumming

10-11-1904 10-19-1904 0

Forsyth County Bank

6-15-1964 9-26-1964 1

Randolph

Citizens Bank

2-07-1938 3-01-1938 0

First State Bank of Randolph County 12-31-1958 1-02-1959 1

Lumpkin

Bank of Dahlonega

5-27-1914 5-27-1914 1

Paulding

The Citizens Bank, Dallas, Georgia 7-23-1962 3-15-1963 2

*The First National Bank of Paulding

County

2

Whitfield

The Bank of Dalton

12-26-1911 10-12-1912 2

The Citizens and Southern Bank of

Dalton

9-25-1969 1-05-1970 1

*The First National Bank of Dalton

4

Hardwick Bank &Trust Company

2-17-1922 2-20-1922 3

Madison

Bank of Danielsville

12-11-1904 1-15-1908 0

McIntosh

The Darien Bank

12-08-1888 1-24-1889 1

* Member Federal Reserve System ** Amounts are fn thousands.

TOTAL ASSETS**
300,939 212,061
115,914 44,771 1'),010
40,140 16,270 22,623 63,099
7,606 37,297 31,308 51,215 44,415 60,405 20,511 12,133 9,239 60,615 42,860 18,496 15,844 35,]05
18~482
34,367 40,825
12,098 152,885 75,914
7,832 19,995

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Dawson Dawsonville Decatur
Dexter Donalsonville Douglas
Douglasville
w Dublin
Dudley Duluth Eastman Eatonton Edison Elberton Ellaville Ell i jay Fa i rburn Fayettevi 11 e

Terrell Dawson DeKa 1b
Laurens Seminole Coffee
Douglas
Laurens
Laurens Gwinnett Dodge Putnam Calhoun Elbert Schley Gi 1mer Fulton Fayette

Bank of Dawson

6-29-1911 7-01-1911 0

Bank of Terrell

3-23-1936 5-01-1936 1

Dawson County Bank

7-01-1953 7-13-1953 0

*Fide1ity National Bank

2

*The First National Bank of DeKa1b

County

3

The Knight State Bank

1-30-1967 2-01-1967 0

Commercial State Bank

10-21-1938 12-16-1938 1

Merchants and Farmers Bank

9-24-1925 9-24-1925 1

Coffee County Bank

6-19-1931 7-01-1931 0

The Exchange Bank

5-11-1971 5-11-1971 1

The Farmers Bank

5-22-1945 7-05-1945 2

Douglas County Bank

5-18-1973 6-24-1974 0

The Commercial Bank

4-24-1942 5-01-1942 2

Trust Company Bank of Douglas County 8-11-1959 5-09-1960 3

*First National Bank of Douglasville

1

The Citizens and Southern Bank of

Dublin

10-29-1928 11-01-1928 3

Farmers and Merchants Bank

5-26-1910 7-06-1910 3

The Morris State Bank

7-31-1958 10-02-1958 1

Bank of Dudley

10-02-1905 11- -1905 0

Bank of the South, Gwinnett County 1-22-1945 2-17-1945 1

Bank of Eastman

12-28-1918 1-02-1919 0

Citizens Bank &Trust Company

3-12-1949 4-01-1949 1

Farmers &Merchants Bank

10-30-1922 11-15-1922 0

The Peoples Bank

3-16-1944 5-01-1944 0

The Bank of Edison

9-24-1904

1904 0

*First National Bank in Elberton

1

Granite City Bank

12-03-1927 1-02-1928 2

Bank of Ellaville

9-10-1910 9-16-1910 0

The Bank of Ellijay

5-21-1914 6-01-1914 1

First State Bank of Gilmer County 11-05- 1973 8-29-1974 0

Fairburn Banking Company

9-14-1891

1902 1

Farmers and Merchants Bank

2-16-1906 3-13-19% 1

First Citizens Bank

6-28-1973 7-01-1974 1

* t4ember Federa1 Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
33,301 31 ,257 13,234 29,880
33,465 7,546 21 ,557 16,825 25,365 12,513 63,212 6,044 47,222 34,989 6,098
78,502 60,489 38,542 17,300 34,199 28,479 29,408 23,897 20,177 15,696 49,886 46,937 9,529 35,797 9,372 23,761 29,941 15,239

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Fitzgerald

Ben Hi 11

The Bank of Fitzgerald

11-10-1975 4-15-1976 1

The First State Bank of Fitzgerald 5-24-1948 7-19-1948 1

*The National Bank of Fitzgerald

2

Folkston

Charlton

The Citizens Bank

12-12-1911 4-04-1912 2

*First National Bank of Folkston

0

Fores t Park

Cl ayton

Bank of the South, Clayton County

9-30-1981 9-30-1981 8

Forsyth

Monroe

The Farmers Bank

3-09':'1910

1910 0

First Citizens Bank

2-17-1920 3-01-1920 0

Monroe County Bank

11-02-1908 10-15-1908 0

Fort Benning

Chattahoochee *Fort Benning National Bank

2

Fort Gaines

Clay

Fort Gaines Banking Company

2-11-1937 2-15-1937 I)

Fort Oglethorpe Catoosa

Fort Oglethorpe State Bank

12-04-1963 8-07-1964 2

Fort Valley

Peach

Bank of Fort Valley

10-11-1924 10-15-1924 1

The Citizens Bank

12-14-1906 1-01-1907 1

Franklin

Heard

The Bank of Heard County

10-14-1905 10-18-1905 f)

Gainesville

Hall

The Citizens Bank

5-19-1913 6- -1913 2

~

*The First National Bank of Gainesville

4

*The Gainesville National Bank

4

Gibson

Cl ascock

Bank of Gibson

11-07-1905 11-27-1905 0

Glennville

Tattnall

First Citizens Bank

12-31-1942 1-04-1943 1

The Glennville Bank and Trust Company 1-12-1905 1-18-1905 1

Gordon

Wilkinson

The Gordon Bank

6-08-1946 8-01-1946 0

Gray

Jones

Bank of Gray

8-23-1909 8-28-1909 0

Greensboro

Greene

Bank of Greensboro

10-13-1926 10-14-1926 0

Citizens Union Bank

3-09-1946 4-01-1946 1

Greenvi11 e

Meril'/ether The Greenville Banking Company

10-24-1887

1891 0

Griffin

Spalding

Commercial Bank &Trust Company

10-11-1889 10-09-1890 3

The Bank of Griffin

6-08-1967 8-16-1968 1

*First National Bank of Griffin

2

Haddock

Jones

Jones County Bank

7-14-1905 7-25-1905 0

Hahira

Lowndes

Citizens Bank of Hahira

2-12-1927 2-21-1927 0

Commercial Banking Company

1-29-1945 4-05-1945 0

Hampton

Henry

Bank of Hampton

12-31-1965 2-01-1966 0

Hapeville

Fulton

Capital City Bank

7-20-1945 9-04-1945 1

Harlem

Columbia

Bank of Columbia County

11-29-1909 12-13-1909 0

* Member Federa1 Reserve Sys tern ** Amounts are in thousands.

TOTAL ASSETS**
26,705 30,326 36,004 32,102 11 ,603 102,718 16,373 10,524 21,270 23,553 10,591 20,457 25,919 26,035 11 ,075 54,850 173,445 112,227 2,593 20,427 24,379 10,748 12,646 31,213 26,362 12,557 117,522 23,124 51,855 2,318 11,518 8,481 9,895 25,405 10,618

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Hartwe 11

Hart

Bank of Hartwell

5-15-1961 11-09-1961

The Citizens and Southern Bank of

Hart County

11-28-1942 1-02-1943 0

Hawkinsville

Pulaski

Planters Bank

2-27-1896 3- -1896 1

The Pulaski Banking Company

7-20-1949 8-27-1949 0

Hazlehurst

Jeff Davis Bank of Hazlehurst

10-19-1906 10- -1906 0

Jeff Davis Bank

7-12-1962 12-01-1962 0

Hiawassee

Towns

Bank of Hiawassee

6-14-1909 7-21-1909 1

Hinesville

Liberty

The Coastal Bank

7-09-1970 7-09-1970 1

The Hinesville Bank

9-04-1911 11-15-1911 2

Hogansville

Troup

The Citizens Bank

11-30-1961 12-11-1961 0

Homer

Banks

Bank of Banks County

6-25-1974 12-28-1974 0

Homervi 11 e

Clinch

Empire Banking Company

3-01-1945 6-01-1945 0

Irwi nton

l~i 1ki nson

Wilkinson County Bank

7-16-1907 7-16-1907 0

Jackson

Butts

The Citizens and Southern Bank of

Jackson

4-14-1969 5-01-1969 0

U1

McIntosh State Bank

2-14-1964 9-18-1964 0

Jasper

Pi ckens

Jasper Banking Company

1-17-1945 3-12-1945 0

Pickens County Bank

8-25-1976 6-18-1977 0

Jefferson

Jackson

*The First National Bank of Jackson

County

1

Jeffersonvi 11 e Twiggs

Peoples State Bank

12-10-1969 12-1Q-1969 0

Jesup

Wayne

*The First National Bank of Wayne

County

1

Jonesboro

Cl ayton

Trust Company Bank of Clayton County 10-06-1903 11-17-1903 5

Kingsland

Camden

Citizens State Bank

7-29-1981 7-29-1981 I)

State Bank of Kingsland

11-26-1912 12- -1912 0

LaFayette

l~a 1ker

The Bank of LaFayette, Georgia

11-13-1889

1899 1

Walker County Bank

11-16-1971 11-16-1972 1

LaGrange

Troup

The Citizens and Southern Bank of

l~es t Georgi a

7-23-1937 8-02-1937 2

Commercial Bank &Trust Company of

Troup County

7-08-1941 9-15-1941 1

Peoples Bank of LaGrange

9-22-1965 4-11-1966 2

Lakeland

Lanier

Farmers and Merchants Bank

4-08-1907

1907 0

Lavonia

Frank 1i n

Northeast Georgia Bank

9-20-1940 9-23-1940 2

* Member Federal Reserve System ** Amounts are in thousands.

- - - - - - - -_. --

TOTAL ASSETS*"
18,247
49,163 22,110 20,864 16,365 16,520 27,737 29,911 32,245 12,028 10,988 13,625 10,838
28,383 17,186 29,742 11 ,212
18,705 5,461
26,581 39,542 4,419 8,512 43,030 17,802
72 ,401
37,018 33,323 17,898 27,179

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Lawrenceville
Leary Leesburg Lenox Leslie Lexington Lincolnton Lithonia Locus t Grove Loganville Louisville Lumber City Lumpkin Lyons O'l Mableton Macon
Madison
Manchester
Mansfield Mari etta
Marshallville Martinez McDonough McRae
Meigs Metter

Gwi nnett

*The Brand Banking Company

6-82-1905 7-17-1905 2

*First National Bank of Gwinnett County

4

Trust Company Bank of Gwinnett County 1-11-1971 9-16-1971 4

Calhoun

Jordan Banking Company

12-30-1965 1-03-1966 0

Lee

The State Bank of Leesburg, Georgi a 4-09-1947 12-01-1947 0

Cook

Bank of Lenox

6-20-1907 6-25-1907 f)

Sumter

Farmers &Merchants Bank

12-19-1940 1-02-1941 0

Oglethorpe Citizens Banking Company

2-07-1949 3-10-1949 0

Li nco 1n

Farmers State Bank

9-26-1911 12-02-1911 0

DeKa 1b

The Peoples Bank

8-26-1910

1910 1

Henry

The Farmers Bank

1-03-1910 1- -1910 1

Walton

Bank of Loganville

5-06-1946 10-05-1946 0

Jefferson *The First National Bank of Louisville

1

Telfair

Bank of Lumber City

5-22-1945 7-02-1945 0

Stewart

Farmers State Bank

10-21-1911 12- -1911 0

Toombs

The Peoples Bank of Lyons, Georgia 5-04-1935 6-01-1935 1

Cobb

Georgia State Bank

6-21-1963 3-02-1964 4

Bibb

Central Bank of Georgia

6-19-1972 6-19-1972 4

Georgia Bank &Trust Company

6-09-1960 7-01-1960 6

Macon Bank &Trust Company

11-29-1973 6-24-1974 1

*Trust Company Bank of Middle Georgia, N.A.

9

Morgan

Bank of Madison

12-26-1888 1-01-1890 0

*First National Bank

0

Meriwether Bank of Manchester

1-28-1910 2-02-1910 0

F &MBank and Trust Company

10-07-1947 2-21-1948 1

Newton

Newton County Bank

12-19-1945 3-01-1946 1

Cobb

Commercial Bank of Cobb County

9-02-1955 9-17-1956 7

First Bank &Trust Co.

12-18-1906 1-01-1907 9

*The First National Bank of Cobb County

8

~1acon

First State Bank

9-19-1910 9-27-1910 0

Columbia

Georgia State Bank

7-05-1909 8-01-1909 2

Henry

*First National Bank of McDonough

2

Telfai r

The Merchants &Citizens Bank

3-28-1929 3-28-1929 0

The Security State Bank

8-23-1972 8-23-1972 0

Thomas

Bank of t1ei gs

5-08-1903 6- -1903 0

Candler

Metter Banking Company

7-25-1930 8-26-1935 0

Pineland State Bank

12-27-1961 10-15-1962 0

* Hember Federal Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
51 ,007 91,214 29,149 5,280 8,367 7,358 8,177 10,409 19,162 23,286 10, 142 7,671 28,298 4,583 7,567 20,301 57,154 35,463 118,706 26,733 252,635
16,711 22,247 28, 120 10,076 5,167 62,114 141,809 190,422 4,811 23,693 42,090 15,194 15,688 4,785 28,476 9,431

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER

BEGAN

NO.

DATE

BUSINESS

OFF.

Mi dvi 11 e Milan Mi 11 edcevt 11 e
Mill en Molena Monroe Montezuma Monticello '-J Morven Mou.ltri e
Mount Vernon Nashvi 11 e Newi ngton Newnan
Newton Nicholls Norcross Oci 11 a Omega

Burke

Bank of Mi dvi 11 e

4-13-1945 5-21-1945 0

Telfai r

Bank of t1il an

12-05-1906 10- -1906 0

Baldwin

The Citizens and Southern Bank of

of Mi 11 edgevi 11 e

2-28-1874 10-13-1884 1

Exchange Bank

5-20-1903 6-01-1903 2

The Merchants and Farmers Bank of

Milledgeville

3-22-1898 3- -1898 1

Jenkins

Bank of Millen

1-04-1893 3-01-1893 0

Ogeechee Valley Bank

9-01-1972 1-07-1974 0

Pike

Bank of Molena

10-07-1901 3- -1899 0

Walton

First American Bank of Walton

1-01-1906 1-01-1906 2

*The National Bank of Walton County

2

Macon

The Bank of Macon County

12-20-1972 1-02-1973 1

First United Bank

10-23-1948 1-10-1949 1

Jasper

Bank of Monticello

2-08-1964 2-10-1964 0

*The Farmers National Bank of Monticello

0

Brooks

The Citizens Bank of Morven, Georgia 1-18-1973 1-18-1973 0

Colquitt

American Banking Company

8-13-1971 10-01-1971 1

The Citizens and Southern Bank of

Colquitt County

7-08-1896

1896 0

*Moultrie National Bank

0

Montgomery Mount Vernon Bank

12-21-1900 1-24-1901 0

Berrien

The Citizens Bank

2-19-1943 3- -1943 1

The United Banking Company

7-10-1924 7-15-1924 1

Screven

Bank of Newington

7-07-1919 8-14-1919 0

Coweta

Bank of Coweta

2-11-1972 10-06-1972 2

The Citizens and Southern Newnan Bank 2-25-1955 2-25-1955 2

*The First National Bank of Newnan

2

Baker

Baker County Bank

10-04-1906 10-15-1906 0

Coffee

Nicholls State Bank

12-02-1952 1-02-1953 0

Gwi nnett

Gwinnett Bank &Trust Company

9-11-1967 3-01-1968 3

I rwi n

The Bank of Ocilla, Georgia

9-20-1956 10-01-1956 0

The First State Bank of Ocilla

5-11-1943 6-01-1943 1

Tift

South Georgia Banking Company

4-15-1970 4-15-1970 1

* Member Federal Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
7,497 6,861
51,955 39,057
25,662 22,456 9,230 5,631 36,010 49,203 34,266 21 ,653 13,350 14,913 4,260 31 ,037
44,413 65,024 15,360 21,702 13,221 2,964 29,123 45,321 47,766 6,526
7,535 49,893 19 , 13fJ 17,374 18,421

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Pa lmetto Patterson Pavo Peachtree City Pearson Pelham
Pembroke Perry
Pine Mountain Pinehurst Pineview Pitts Preston Quitman
co
Reidsville Reynolds Rhine Richland Ringgold Riverdale Roberta Rochelle Rockmart Rome

Fulton Pierce. Thomas Fayette Atkinson Mi tchell
Bryan Hous ton
Harris Dooly Wilcox \~i 1cox Webster Brooks
Tattna11 Taylor Dodge Stewart Catoosa Cl ayton Crawford Wilcox Polk Floyd

Rossville Roswe 11 Royston Rutledge

Walker
Fulton Franklin Morgan

First Fulton Bank and Trust The Patterson Bank

6-29-1918 7-10-1918 2
6-19-1907 6-19-1907 o

Pavo State Bank

6-24-1971 6-24-1971 o

The Fayette State Bank

1-31-1964 2-01-1964 3

The Citizens Exchange Bank

1-19-1943 5-12-1945 o

Farmers Bank of Pelham

8-25-1902 9-01-1902 1

Pelham Banking Company

12-04-1936 12-08-1936 o

The Pembroke State Bank

12-29-1937 2-11-1938 1

The Bank of Perry

8-20-1889

1889 2

*First National Bank of Houston County

2

Farmers and Merchants Bank

3-22-1909 4-19-1909 2

Bank of Pinehurst Pineview State Bank

1-01-1908

1904 o

9-20-1910 9-20-1910 o

Pitts Banking Company

6-02-1906 6- -1906 o

Bank of ~~ebster

6-29-1970 6-29-1970 o

The Bank of Quitman

12-26-1888 12-31-1888 1

*The Citizens National Bank of Quitman

1

The Tattnall Bank The Citizens State Bank Williams Banking Company

9-14-1900 10-22-1900 1
9-08-1922 9-08-1922 o 8-04-1947 10-01-1947 o

Richland Banking Company

10-13-1927 10-15-1927 o

Northwest Georgia Bank

8-26-1904 8- -1904 2

Clayton County Bank

9-18-1968 6-09-1969 4

The Crawford County Bank Rochelle State Bank

1-07-1901 1-08-1901 o 7-08-1947 8-01-1947 o

The Rockmart Bank The Georgia State Bank of Rome

10-30-1900

1900 1

4-02-1976 1-05-1978 o

*The First National Bank of Rome

4

*National City Bank of Rome

4

The Rome Bank and Trust Company

4-05-1945 10-01-1945 3

Rossville Bank

7-01-1963 12-13-1963 2

Roswell Bank

3-01-1901 3- -1901 4

Tri-County Bank of Royston Bank of Rutledge

8-09-1941 9-01-1941 1
9-24-1898 10-01-1898 o

* Member Federal Reserve System ** Amounts in thousands

TOTAL ASSETS**
13,309 5,723 4,317 36,312 7,599 28,433 21,750 19,985 28,816 29,392 23,372 4,246 4,930 4,569 4,822 17,754 14,444 21 ,238 13,524 7,334 5,422 36,783 32,056 14, 169 4,525 26,481 16,903 101 ,329
11? ~ 1ql
59,6')2 43,826 55, 116 30,639
7,894

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Saint Marys
Sandersville
Sardis Savannah

Camden
Washington
Burke Chatham

Senoia Smyrna
~ Snellville Social Circle Soperton Sparta

Coweta Cobb
Gwinnett Walton Treut1en Hancock

Springfield

Effingham

St. Simons Island Glynn

Stapleton

Jefferson

Statesboro

Bull och

Stockbridge
Summerville Swainsboro

Henry Chattooga Emanuel

Sy1 vani a Sy1 vester

Screven Worth

Peoples Bank

5-07-1973 5-07-1973 1

Saint Marys State Bank

4-12-1955 8-04-1955 1

Citizens Bank of Washington County 1-06-1965 5-03-1965 1

The Geo. D. Warthen Bank

3-18-1957 3-18-1957 1

Bank of Sardis

4-27-1945 7-02-1945 0

Atlantic Bank and Trust Company

11-06-1933 11-06-1933 1

The Carver State Bank

4-29-1947 6-04-1947 1

*The Citizens and Southern National Bank

114

First Bank of Savannah

7-29-1909 8-04-1909 6

*Savannah Bank and Trust Company of

Savannah

3-04-1869 7-01-1869 11

Southern Bank &Trust Company

10-10-1974 5-28-1975 1

*Trust Company of Georgia Bank of

Savannah, N. A.

10

Farmers and Merchants Bank of Senoia 3-02-1874

1889 0

Cobb Bank &Trust Company

11-14-1973 3-12-1974 1

*Trust Company Bank of Cobb County, N.A.

5

Gwinnett County Bank

9-23-1970 3-04-1971 3

Georgia Central Bank

12-31-1923 3-08-1924 1

The Bank of Soperton

7-16-1906

1903 0

Bank of Hancock County

10-18-1904 9-05-1904 0

United Security Bank

5-10-1976 6-01-1967 0

The Citizens and Southern Bank of

Effingham County

12-30-1907 1-01-1908 1

The Coastal Bank of Georgia

7-22-1981 11)-30-1981 3

Bank of Stapleton

3-20-1916

1916 0

First Bulloch Bank &Trust Company 1-19-1934 4-14-1934 3

Sea Is 1and Bank-

3-11-1901

1901 3

The First State Bank

9-21-1964 10-08-1964 1

Farmers &Merchants Bank

2-05-1926 2-06-1926 3

Spivey State Bank

8-27-1964 3-01-1965 0

The Central Bank

10-27-1920 11-09-1920 1

The Citizens Bank of Swainsboro

11-10-1900

1900 1

Bank of Screven County

4-10-1911 5-01-1911 0

Farmers and Merchants Bank

2-18-1946 3-01-1946 1

Bank of Worth County

4-28-1945 11-01-1945 2

Sylvester Banking Company

7-05-1898 7- -1898 0

* Member Federal Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
8,533 13,664 18,017 34,907 5,955 34,775 19,004 4,451,823 60,734
346,244 11 ,052
162,028 8,836 24,478 75,301 37,385 19,795 20,765 19,115 4,065
40,527 31 ,454 8,191 58,050 75,056 25,163 43,205 20,319 21 ,094 40,856 34,805 27,136 24,712 31,206

LIST OF STATE AND NATIONAL BANKS

CITY

COUNTY

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Tal botton Tallapoosa
Taylorsville Temple Tennille Thomaston
Thomasvi 11 e
oN Thomson Ti fton
Toccoa Trenton Trion Twin City Unadilla Union Point Uvalda Valdosta
Vidalia

Talbot

The Peoples Bank of Talbotton

12-09-1890 1-13-1891 o

Haralson

Commercial Bank

12-09-1971 12-09-1971 1

West Georgia Bank of Tallapoosa,

Georgi a

12-06-1948 6-06-1949 o

Bartow

Peoples Bank of Bartow County

6-06-1905 6-13-1905 1

Carroll

Bank of Carroll County

11-25-1946 7-01-1947 3

Washington Tennille Banking Company

4-04-1900 4- -1900 1

Upson

Bank of Upson

6-23-1951 10-01-1951 1

The Citizens and Southern Bank of

Thomaston, Georgia

1-18-1926 2-28-1930 1

West Central Georgia Bank

12-13-1973 4-15-1974 1

Thomas

Commercial Bank

7-03-1916 7-22-1916 1

The Citizens and Southern Bank

of Thomas County

2-03-1937 2-15-1937 1

*First National Bank of Thomasville-

Thomas County

o

McDuffie

Bank of Thomson

12-30-1890

1891

2

*First National Bank

2

Tift

The C &S Bank of Tifton

10-10-1891

1896 3

The Citizens Bank of Tifton

2-24-1948 4-15-1948 1

The Farmers Bank of Tifton

12-21-1936 2-24-1937 1

Stephens

The Bank of Toccoa

8-10-1911 9-01-1911 2

The Citizens Bank

5-25-1950 3-16-1951 2

Dade

Bank of Dade

7-05-1955 1-12-1956 o

Chattooga *First National Bank of Chattooga County

1

Emanuel

Durden Banking Company, Incorporated 6-26-1935 7-05-1935 o

Dooly

State Bank and Trust Co.

4-19-1935 4-22-1935 1

Greene

The Farmers Bank

9-06-1911 9-06-1911 1

Montgomery Altamaha Bank and Trust Company

5-02-1966 5-16-1966 1

Lowndes

*The First National Bank of Valdosta

2

First State Bank and Trust Company

of Valdosta

1-22-1906 3- -1906 2

Toombs

The Park Avenue Bank Brice Banking Company, Inc.

6-28-1971 6-28-1971 o
9-07-1965 10-14-1965 o

Darby Bank and Trust Co.

6-22-1934 7-01-1934

*First National Bank and Trust Company

2

* Member Federal Reserve System ** Amounts are in thousands.

TOTAL ASSETS**
9,060 8,655
12,463 12,793 14,495 23,996 35,182
46,540 18,043 76,766
55,191
17,537 50,383 43,534 54,549 31,519 42,178 37,138 41,768 17,965 17,553 15,018 22,671 32,058 13,535 71,174
54,798 20,716 17,684 24,328 31,716

CITY
Vienna
Villa Rica l~adl ey Warm Springs Warner Robins
Warrenton Washington
Watkinsville Waycross
Waynesboro
N --'
l~est Point Hillacoochee Winder
Woodbine Woodbury Woodland Woodstock Wrens Wrightsville
Zebulon

COUNTY

LIST OF STATE AND NATIONAL BANKS

NAME OF BANK

CHARTER BEGAN

NO.

DATE

BUSINESS

OFF.

Dooly

Bank of Dooly

11-10-1975 7-30-1976 0

Citi zens Bank

6-24-1931 7-01-1931 0

Carroll

Bank of Villa Rica

5-04-1899 5- -1899 1

Jefferson

Bank of Wadley

1-29-1902 1- -1902 0

Meriwether First American Bank

10-11-1905 8-03-1906 1

Houston

Citizens State Bank

12-13-1950 1-02-1951 2

The Citizens and Southern Bank

of Houston County

4-25-1956 1-04-1957 1

Warren

Citizens Bank

4-14-1902 4- -1902 0

Wilkes

Farmers and Merchants Bank

8-10-1949 3-14-1950 1

Washington Loan and Banking Company 9-07-1891 5-01-1895 1

Oconee

Oconee State Bank

6-05-1959 2-01-1960 0

Ware

Commercial Bank

10-15-1918 10-30-1918 2

*First National Bank in l~aycross

2

Southern Bank

5-22-1956 6-11-1956 2

Burke

*Bank of Waynesboro

12-16-1890

1891 1

*First National Bank

1

Troup

*First National Bank of West Point

0

Atkinson

The Peoples Bank

1-04-1952 1-15-1952 0

Barrow

Bank of Barrow

3-12-1951 3-17-1951 2

The Peoples Bank

10-29-1926 10-30-1926 1

Camden

The Camden County State Bank

6-24-1947 1-02-1948 0

Meriwether The Woodbury Banking Company

9-29-1902 9-29-1902 0

Talbot

Talbot State Bank

11-18-1907 11-25-1907 0

Cherokee

Bank of Woodstock

11-13-1905 11-13-1905 0

Jefferson

First State Bank

2-25-1964 7-06-1964 0

Johnson

Bank of Wrightsville

2-16-1897 2-16-1897 0

The Exchange Bank of Wrightsville 12-20-1909 12-20-1909 0

Pike

The Bank of Zebulon

3-18-1905 1-31-1905 1

Commercial Bank of Pike County

10-29-1903 11-29-1903 1

TOTAL ASSETS**
10,031 14,810 22,027 11 ,362 10,337 52,270
40,950 15,234 34,758 34,067 26,063 30,929 35,084 63,910 30,532 19,812 44,285 4,745 49,962 28,787 6,730 10,679 3,032 12,753 15,511 18,422 12,336 22,219 6,965

* Member Federal Reserve System ** Amounts are in thousands.

ASSETS

STATE OF GEORGIA ABSTRACT OF REPORTS OF CONDITION OF STATE AND NATIONAL BANKS IN GEORGIA
AS OF DECEMBER 31, 1981 WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1980
(Amounts in thousands)

Dec. 31, 1981

Dec. 31, 1980

426 Banks %*

435 Banks %*

Increase+ Decrease-

Cash and Due from Banks U. S. Treasury Securities Obligations of Federal Agencies SCM Obligations Other Securities
Federal Funds Sold &Sec. Purchased
under Agreement to Resell Total Loans
Reserve for Loan Losses Unearned Income Net Loans Lease Financing Receivables Assets Representing Bank Premises, Furniture and Fixtures Other Real Estate Owned A11 Other As set s TOTAL ASSETS
LIAB ILIT IES

$ 3,449,213 13.5 $ 3,695,405 15.9 $ 246,192-

1,324,056 5.2

1,477 ,066 6.3

153,010-

1,245,266 4.9 1,015,350 4.4 229,916+

3,104,776 12.1 2,411 ,961 10.3 692,815+

106,724 0.4

110,168 0.5

3,444-

1,915,038 13,651,884
(193,310) (747,596) 12,710,978
138,583

7.5 53.3 (0.8) (2.9) 49.6 0.5

1,636,780 12,415,220
(170,774) (638,392) 11 ,606,054 115,663

7.0 53.4
(0.7) (2.8) 49.9 0.5

278,258+ 1,236,664+
22,536+ 109,204+ 1,104,924+ 22,920+

577,773 2.3 57,968 0.2 967,629 3.8 $25,598,004 100.0

530,752 2.3

47,021+

67,468 0.3

9,500-

600,328 2.6

367,301+

$23,266 995 100.0 $2.331.009+

Deposits of Individuals, Partnerships and Corporations
Deposits of U.S. Government Depos it s of SCM Certified and Officers' Checks Other Deposits TOTAL DEPOS ITS

17,377,131 67.9 15,722,375 67.6 1,654,756+

105,809 0.4

99,909 0.4

5,900+

1,607,664 6.3 1,689,748 7.3

82,084-

151,695 0.6

143,861 0.6

7,834+

1,134,848 4.4

1,238,123 5.3

103,275-

$20,377,147 79.6 $18,894,016 81.2 $1,483,131+

Federal Funds Purchased &Sec. Sold

Under Agreement to Repurchase

1,983,782 7.8 1,653,894 7.1 329,888+

Interest-Bearing Demand Notes and

Other Liabilities for Borrowed Money 153,526 0.6

162,091 0.7

8,565-

Mortgage Indebtedness

32,274 0.1

30,893 0.2

1,381+

All Other Liabilities

1,042,978 4.1

727,364 3.1 315,614+

TOTAL LIABILITIES

$23,589,707 92.2 $21.468.258 92.3 $2.121.449+

EQUITY CAPITAL AND SUBORDINATED DEBT

Subordinated Notes and Debentures

88,527 0.3

Preferred Stock

732 0.0

Common Stock

410,431 1.6

Surplus

684,945 2.7

Undivided Profits and

Capital Reserves

823,662 3.2

TOTAL EQUITY CAPITAL AND SUBORDINATED

DEBT

$ 2,008,297 7.8

95,565 2,021 404,077 596,954
700,120
1,798,737

0.4

7,038-

0.0

1,289-

1.7

6,354+

2.6

87,991+

3.0

123,542+

7.7 $ 209,560+

TOTAL LIABILITIES AND CAPITAL * Percent of Total Assets

$25,598,004 100.0 $23,266,995 100.0 $2,331,009+

22

STATE OF GEORGIA AVERAGED COMPARATIVE REPORT OF CONDITION OF STATE AND NATIONAL BANKS IN GEORGIA
FOR CALENDAR YEARS ENDED DECEMBER 31, 1981 AND DECEMBER 31, 1980 (Amounts in Thousands)

YEAR NUMBER OF BANKS AVERAGED

1981

1980

426

%* 435

Increase+ %* Decrease-

ASSETS

Cash and Due From Banks

$ 8,097

U.S. Treasury Securities

3,108

Obligations of Federal Agencies

2,923

SCM Obligations

7,288

Other Securities

251

Federal Funds Sold &Securities Purchased

Under Agreement to Resell

4,495

Total Loans

32,047

Reserve for Loan Losses

(454 )

Unearned Income

(1,755 )

Net Loans

29,838

Lease Financing Receivables

325

Assets Representing Bank Premises,

Furniture and Fixtures

1,356

Other Real Estate Owned

136

All Other Assets

2,272

TOTAL ASSETS

$60,089

13.5 5.2 4.9 12.1 0.4
7.5 53.3 (0.8) (2.9 ) 49.6 0.5
2.3 0.2 3.8 100.0

$ 8,495 3,396 2,334 5,545 253
3,763 28,541
(393) (1,468) 26,680
266
1,220 155
1,380 $53,487

15.9 6.3 4.4 10.3 0.5
7.0 53.4 (0.7) (2.8) 49.9 0.5
2.3 0.3 2.6 100.0

$ 398288589+
1,743+ 2-
732+ 3,506+
61+ 287+ 3,158+ 59+
136+ 19892+ $6.602+

LIABILITIES

Deposits of Individuals, Partnerships,

and Corporations

$40,791 67.9 $36,143 67.6

$4,648+

Deposits of U.S. Government

249 0.4

230

0.4

19+

Depos it s of SCM

3,774 6.3 3,884

7.3

110-

Certified and Officers' Checks

356 0.6

331

0.6

25+

Other Depos its

2,664 4.4 2,846

5.3

182-

TOTAL DEPOSITS

$47,834 79.6 $43,434 81.2 $4,400+

Federal Funds Purchased and Sec. Sold

Under Agreement to Repurchase

4,657 7.8 3,802

7. 1

855+

Interest-bearing Demand Notes and

Other Liabilities for Borrowed Money

360 0.6

373

0.7

13-

Mortgage Indebtedness

76 0.1

71

0.2

5+

All Other Liabilities

2,448

4.1

1,672

3.1

776+

TOTAL LIABILITIES

$55,375 92.2 $49,352 92.3 $6,023+

EQUITY CAPITAL AND SUBORDINATED DEBT

Subordinated Notes and Debentures Preferred Stock Common Stock Surplus
Undivided Profits and Capital Reserves TOTAL EQUITY CAPITAL AND SUB DEBT

$ 208
2
963 1,608 1,933 $ 4,714

0.3 $ 220

0.0

5

1.6

929

2.7 1,372

3.2 1.609

7.8 $ 4,135

0.4 $ 12-

0.0

3-

1.7

34+

2.6

236+

3.0

324+

7.7

$ 579+

TOTAL LIABILITIES AND CAPITAL

$60,089 100.0 $53,487 100.0 $6,602+

* Percent of Total Assets

23

ABSTRACT OF REPORTS OF CONDITION (AVERAGED BY SIZE) OF
STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1981
(Amounts in Thou's ands )

Number of Banks Averaged Size of Bank Averaged

81
Less than $10 Million

49

$10 Million

%*

to

%*

$15 Million

109

$15 Mi 11 ion

to

%*

$25 Million

ASSETS

Cash and Due from Banks U. S. Treasury Sec.
Obligations of Federal Agencies SCM Obligations Other Securities Funds Sold and Securities Purchased
Under Agreement to Resell Tota1 Loans
Reserve for Loan Losses Unearned Income Net Loans Lease Financing Receivables Assets Representing Premises, Furniture and Fixtures Other Real Estate Owned All Other Liabilities TOTAL ASSETS

$ 720 10.4 $ 1,140 8.8

623 9.0

973 7.5

857 12.3 1,286 10.0

406 5.9 1,239 9.6

3 0.0

18 0.1

969 3,420
(38) (261 ) 3,121
o

14.0 49.3 (0.5 ) (3.8 ) 45.0 0.0

1,516 6,814
(80) (511 ) 6,223
o

11.7 52.7 (0.6) (4.0) 48.1 0.0

142 18 82 $6,941

2.0

323

0.2

38

1.2

180

100.0 $12,936

2.5 0.3 1.4 100.0

$ 1,873 1.546 1,686 2,203 26
2,344 10,996
(122 )
(776)
10,098 2
487 57 304 $20,626

9.1 7.5 8.2 10.7 0.1
11.3 53.3 (0.6 ) (3.8) 48.9 0.0
2.4 0.3 1.5 100.0

LIAB IL ITIES

Deposits of Individuals, Partnerships, and Corporations
Deposits of U. S. Government Deposits of SCM Certified and Officers' Checks Other Deposits TOTAL DEPOS ITS

$5,445 78.4 $10,423 80.6

14 0.2

22 0.2

563 8.1

855 6.6

53 0.8

87 0.7

5 0.1

33

0.2

$6,080 87.6 $11,420 88.3

$16,330

79.2

81

0.4

1,648

8.0

141

0.7

30

0.1

$18,230

88.4

Federal Funds Purchased and Securities

Sold Under Agreement to Repurchase

5 0.1

36 0.2

Interest-bearing Demand Notes and

Other Liabilities for Borrowed Money 1 0.0

12 0.1

Mortgage Indebtedess

1 0.0

23 0.2

All Other Liabilities

93 1.3

179 1.4

TOTAL LIABILITIES

$6,180 89.0 $11,670 90.2

66

0.3

27

0.1

10

0.0

323

1.6

$18,656

90.4

EQUITY CAPITAL AND SUBORDINATED DEBT

Subordinated Notes and Debentures

$ 7 0.1 $ 9 0.1

$ 32

0.2

Preferred Stock

o 0.0

1 0.0

o

0.0

Common Stock

152 2.2

276 2.1

387

1.9

Surplus

337 4.9

506 3.9

764

3.7

Undivided Profits and Capital Reserves 265 3.8

474 3.7

787

3.8

TOTAL EQUITY CAPITAL AND SUB DEBT

S ~$~,7-6-1 ---,1,1-.0---~-1,,2-6~6-----9-.~8~---~-$,1-,~9~7-0-----~9 . 6

TOTAL LIABILITIES AND CAPITAL

$6,941 100.0 $12,936 100.0

$20,626 100.0

*Percent of Total Assets

24

ABSTRACT OF REPORTS OF CONDITION (AVERAGED BY SIZE) OF STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1981
(Amounts in Thousands)

Number of Banks Averaged Size of Bank Averaged

121

39

27

$25 Million %* $50 Million %* $100 Million %*

to

to

and

$50 Million $1 00 Mill ion

Over

ASSETS

Cash and Due from Banks U.S. Treasury Sec. Obligations of Federal Agencies SCM Obligations Other Securities Funds Sold and Sec. Purchased
Under Agreement to Resell
Total Loans Reserve for Loan Losses Unearned Income
Net Loans Lease Financing Receivables Assets Representing Premises,
Furniture and Fixtures Other Real Estate Owned All Other Liabilities TOTAL ASSETS

$ 3,072 8.5 $ 5,857 9.0 $ 93,732 16.6

2,733 7.6 4,637 7.1 20,222 3.6

3,097 8.6 4,737 7.2 13,687 2.4

5,004 13.8 9,085 13.9 67,083 11.9

58 0.2

51 0.1

3,474 0.6

2,831 19,313
(211 )
(1,326) 17,776
14

7.8
53.3 (0.6) (3.6) 49.1
0.0

3,763 37,622
(440) (3 ,091) 34,091
11

5.8 57.6
(0.7) (4.7) 52.2 0.0

37,687 297,711
(4,825) (12,438) 280,448
5,048

6.7 52.8
(0.9) (2.2 ) 49.7 0.9

851 2.3 81 0.2 696 1.9
$36,213 100.0

1,753 122
1,197 $65,304

2.7 0.2
1.8 100.0

12,073 1,249 29,189 $563,892

2.2 0.2 5.2 100.0

LIABILITIES

Deposits of Individuals, Partner-
ships, and Corporations Deposits of U.S. Government Depos its of SCM Certified and Officers' Checks
Other Depos its TOTAL DEPOS ITS

$28,366 78.3 $50,192 76.9 $342,802 60.8

95 0.3

263 0.4

2,702 0.5

2,822 7.8 5,444 8.3 29,140 5.2

228 0.6

418 0.7

3,108 0.5

69 0.2

269 0.4 41,138 7.3

$31,580 87.2 $56,586 86.7 $418,890 74.3

Federal Funds Purchased and Sec.

Sold Under Agreement to Repurchase 348 1.0 1,209 1.8 69,821 12.4

Interest-Bearing Demand Notes and

Other Liabilities for Borrowed Money 135 0.4

74 0.1

4,840 0.9

Mortgage Indebtedness

25 0.1

262 0.4

618 0.1

All Other Liabilities

709 1.9 1,172 1.8 31,854 5.6

TOTAL LIABILITIES

$32,797 90.6 $59,303 90.8 $526,023 93.3

~QUITY CAPITAL AND SUBORDINATED DEBT

Subordinated Notes and Debentures Preferred Stock Common Stock Surplus Undivided Profits and
Capital Reserves TOTAL EQUITY CAPITAL AND SUB DEBT

$ 90 0.2 $ 248

o 0.0

18

721 2.0 1,314

1,156 3.2 1,875

1,449 4.0 2,546 $ 3,416 9.4 $ 6,001

0.4 $ 2,346 0.4

0.0

o 0.0

2.0

7,556 1.3

2.9

12,464 2.2

3.9 15,503 2.8 9.2 $37,869 6.7

TOTAL LIABILITIES AND CAPITAL

$36,213 100.0 $65,304 100.0 $563,892 100.0

*Percent of Total Assets

25

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF
STATE AND NATIONAL BANKS IN GEORGIA FOR
CALENDAR YEARS ENDING DECEMBER 31, 1981 AND DECEMBER 31, 1980
(Amount in Thousands)

Dec. 31, 1981

Dec. 31, 1980

Increase+

426 Banks %* 435 Banks %* Decrease-

OPERATING INCOME

Interest and Fees on Loans

$ 1,915,489

Interest on Balance with Banks

83,344

Interest on Fed. Funds Sold and Securities

Purchased Under Agreement to Resell

264,162

Interest on U.S. Treasury Securities and

Interest on Obligations of Fed. Govt.

296,544

Interest on Obligations of SCM

195,983

Interest on Other Bonds, Notes, Debentures

and Dividends on Stock

6,477

Income from Direct Lease Financing

22,314

Income from Fiduciary Activities

45,971

Service Charges on Deposit Accounts

135,517

Other Service Charges, Comm., Fees

63,243

Other Income

59,937

TOTAL OPERATING INCOME

$3,088,981

62.0 2.7
8.6
9.6 6.4
0.2 0.7 1.5 4.4 2.0 1.9 100.0

$1,529,681 62.2 $385,808+ 51,280 2.1 32,064+

232,124 9.5 32,038+

224,217 9.1 72,327+ 130,581 5.3 65,402+

7,494
13,354 41,749 119,128 61,306 47,505 $2,458,419

0.3 0.5 1.7 4.9 2.5 1.9 100.0

1,0178,960+ 4,222+ 16,389+ 1,937+ 12,432+ $630,562+

OPERATING EXPENSES

Salaries and Employee Benefits

$ 495,881 16.0 $ 439,444 17.9 $ 56,437+

Interest on Time Certificates of

Deposit of $100,000 or More

320,349 10.4

224,983 9.2 95,366+

Interest on Deposits in Foreign Offices

and Interest on Other Deposits

939,203 30.4

638,335 26.0 300,868+

Expenses of Federal Funds Purchased and

Securities Sold Under Agreements

to Repurchase

326,596 10.6

239,668 9.7 86,928+

Interest of Demand Notes and

Interest on Other Borrowed Money

24,202 0.8

13,349 0.5 10,853+

Interest on Subordinated Notes and Debs.

8,282 0.3

8,377 0.3

95-

Net Occupancy Expense of Premises, and Furniture

and Equipment Expense

142,041 4.6

123,622 5.0 18,419+

Provision for Possible Loan Loss

81,889 2.6

83,143 3.4

1,254-

Other Expenses TOTAL OPERATING EXPENSES

358,431 11.6

318,526 13.0 39,905+

~$2~,~6~96~,~887~.37~4-$-2-,0~8~9-,-4-47~~~~8-5-.-0~7$.6-0~7~,4~2~7+

INCOME BEFORE INCOME TAXES AND SECURITIES GAINS OR LOSSES

$ 392,107 12.7 $ 368,972 15.0 $ 23,135+

Income Taxes INCOME BEFORE SECURITIES GAINS/LOSSES

2.4

95,891

10.3 $ 273,081

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

(0.4)

(7,093)

9.9 $265,988

Extraordinary Income/Expenses NET INCOME

0.0

1,495 0.1

292-

9.9

$267,483 10.9 ~4/4+

Dividends Paid or Declared NET INCOME AFTER TAXES AND DIVIDENDS

3.4

98,789

6.5

$168,694

* Percent of Total Operating Income
26

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA

AVERAGE COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF
STATE AND NATIONAL BANKS IN GEORGIA FOR CALENDAR YEARS ENDED
DECEMBER 31, 1981 AND DECEMBER 31, 1980 (IN THOUSANDS)

Year Nunber of Banks Averaged

1981 426 P:~rcentage

1980 435 Percentage*

OPERATING I~COME

In~erest and Fees on Loans Interest on Balance with Banks
Interest of Federal Funds Sold and S2curities Purchased under Agreement to Resell
Interest on U.S. Treasury Securities and Interest or Obligations of Fed. Government
Interest on Obligations of SCM Interest on Other Bonds, Notes, Debentures and
Dividends on Stock Income from Direct Lease Financing Inc9me from Fiduciary Activities
Service Charges on Deposit Accounts Other Service Charges, Commissions, Fees Other Income TOTAL OPERATING INCOME

$4,497 196
620
696 460
15 52 108 318 148 141 $7,251

62.0 2.7
8.6
9.6 6.4
0.2 0.7 1.5 4.4 2.0 1.9 100.0

$3,516
118
534
515 300
17 31 96 274 141 109 $5,651

62.2 2.1
9.5
9.1 5.3
0.3 0.5 1.7 4.9 2.5 1.9 100.0

OPERATING EXPENSES

Salaries &Employee Benefits

$1,164

Interest on Time Certificates of

$100,000 or more

752

Interest on Deposits in Foreign Offices and

Interest on Other Deposits

2,205

Ex~. of Federal Funds Purchased and Securities

Sold Und2r Agreements to Repurchase

767

Interest of Demand Notes and Interest

on Other Borrowed Money

57

Interest on Subordinated Notes and Debentures

19

Net Occupancy Expense of Premises, and Furniture

and Equipment Expense

334

Provision for Possible Loan Loss

192

Other Expenses

841

TOTAL OPERATING EXPENSES

-r6,331

16.0

$1,010

17. J

10.4

517

9.2

30.4

1,468 26.G

10.6

551

9.7

0.8

31

0.5

0.3

19

0.3

4.6

284

5.0

2.6

191

3.4

11.6

732 13.0

87.3 $4,803 85Jl

INCOME BEFORE INCOME TAXES, ETC.

920

12.7

848 15.0

Applicable Income Taxes INCOME BEFORE SECURITIES GAINS/LOSSES

171 $ 749

2.4

220

3.9

10.3

$ 628

11. I

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

(34) $ 715

(0.4) 9.9

(16 ) $ 612

(0.3) 10.8

Extraordinary Income/Expense NET INCOME
Dividends Paid or Declared NET INCOME AFTER TAXES AND DIVIDENDS

3
$ 718
247 $ 471

0.0

3

0.1

9.9

$ 615 10.9

3.4

227

4.0

5.5 $ 388

6.9

*Percentage of Total Operating Income 27

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE) OF
STATE AND NATIONAL BANKS IN GEORGIA FOR
CALENDAR YEAR ENDING DECEMBER 31, 1981 (IN THOUSANDS)

Number of Banks Size of Banks

81

49

Less Than

$10 Million

to

$10 Million Percentage* $15 Million

OPER,lHING INCOME

Interest and Fees on Loans

$464

Interest on Balance with Banks

17

Interest on Federal Funds Sold &Sec.

Purchased under Agreement to Resell

137

Interest on U.S. Treasury Sec~ritics and

Interest Obligations of Federal Gevt. 154

Interest on Obligations of SCM

23

Interest on Other Bonds, Notes, Debentures

and Dividends on Stock

2

Income from Direct Lease Financing

o

Income from Fiduciary Activities

o

Service C~arges on Deposit Accounts

41

Other Service Charges, Comm., Fees

21

Other Income

8

TOTAL OPERATING INCOME

$867

53.5 2.0
15.8
17.8 2.7
0.2 0.0 0.0 4.7 2.4 0.9 100.0

$ 918 29
214
229 73
3
o
o
89 30 13 $1,598

OPERATING E~PENSES

Salaries anj Employee Benefi~

$145

16.7

Interest on Time Certificates

of $100,000 or more

41

4.7

Interest on Deposits in foreign Offices

and Interest on Other Deposits

369

42.6

Expenses of Fed. Funds Purchased and

Securities Sold Under Agreement

to Repurchase

0.1

Interest on Demand Notes and

Interest on Other Borrowed Money

o

0.0

Interest on Subordinated Notes and Debs.

o

0.0

Net Occupancy Expense of Premises, and

Furniture and Equipment Expense

38

4.4

Provision for possible Loan Loss

26

3.0

Other Expenses

101

11.7

TOTAL OPERATING EXPENSES

$721

83.2

t 264
100
705
2
2 1
68 41 175 $1,358

INCOME BEFORE INCOME TAXES, ETC.

146

16.8

240

Applicable Income Taxes

38

4.4

INCOME BEFO~E SECURITIES GAINS/LOSSES

$108

12.4

55 $185

Securities Gains/Losses Net INCOME BEFORE EXTRA EXPENSES
Extraordinary Income/Expense NET INCOME

(2 )
$106
o
$106

(0.2 ) 12.2
0.0 12.2

(4)
$181
o
$181

Dividends Paid or Declared

19

2.2

NET INCOME AFTER TAXES AND DIVIDENDS

$ 87

10.0

43 $138

* Percentage of Total O~erating Income 28

Percentage*
57.4 1.8
13.4
14.3 4.6
0.2 J.O 0.0 5.6
10
, .J
J.8 100.0
16.5
0.3
44.1
0.1
0.1 0.0
4.3 2.6 11.0 85.0
15.0
3.4 11.6
(0.3 ) 11.3
0.0 11.3
2.7 8.6

Ut~AKIMtNI Ut ~AN~lNb ANU tlNANLt
STATE OF GEORGIA ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE)
OF STATE AND NATIONAL BANKS IN GEORGIA FOR CALENDAR YEAR ENDING DECEMBER 31, 1981
(I N THOUSANDS)

Number of Banks Size of Banks

109 $15 Million
to $25 Million

Percentc.ge*

121
$25 Million
to $50 Mi 11 ion

Percentage*

OPERATING INCOME

Interest and Fees on Loans

$1,489

Interest on Balance with Banks

29

Interest on Fed. Funds Sold and

Securities Purchased Under Agree-

ment to Resell

322

Interest on U.S. Treasury Securities

and Interest Obligations of

Federal Government

368

Interest on Obligations of SCM

128

Interest on Other Bonds, Notes,

Debentures and Dividends on Stock

4

Income from Direct Lease Financing

0

Income from Fiduciary Activities

0

Service Ch~rges on Deposit Accounts

141

Other Service Charges, Commissio~s, Fees 44

Other Income

22

TOTAL OPERATING INCOME

$2,547

58.5 1.1
12.6
14.5 5.0
0.2 0.0 0.0 5.5 1.7 O.S 100.0

$2,594 63
439
660 301
6 2 3 215 71 41 $4,395

59.0
1.4
10.0
15.0 6.9
0.1 0.1 0.1 4.9 1.6 0.9 100.0

OPERATING EXPENSES

Salaries and Employee Benefits

$ 391

15.3

$ 662

15.1

Interest on Time Certificates

of $100,000 or More

218

8.6

467

10.6

Interest on Deposits in Foreign Offices

and Interest on Other Deposits

1,095

43.0

1,859

42.3

Expense of Fed. Funds Purchased and

Securities Sold Under Agreement

to Repurchase

5

0.2

27

0.6

Interest of Demand Notes and

Interest on Other Borrowed Money

2

0.0

17

0.4

Interest on Subordinated Notes

and Debentures

4

0.2

10

0.2

Net Occupancy Expense of Premises,

and Furniture and Equipment Expense 99

3.9

182

4.2

Provision for Possible Loan Loss

62

2.~

92

2.1

Other Exper.ses

272

10.7

428

9.7

TOTAL OPERATING EXPENSES

$2,148

84.3

$3,744

85.2

INCOME BEFORE INCOME TAXES, ETC.

399

15.7

651

14.8

Applicable Income Taxes

99

3.S

139

3.2

INCOME BEFORE SEC. GAINS/LOSSES

$ 300

11.8

$ 512

11.6

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES

(13) $ 287

(0.5) 11.3

(16) $ 496

(0.3) 11.3

Extraordinary Income/Expense NET INCOME

2

0.0

0

0.0

$ 289

11.3

$ 496

11.3

Dividends ?aid or Declared

64

2.5

140

3.2

NET INCOME AFTER TAXES AND DIVIDENDS $ 225

8.8

$ 356

8. 1

*Percentage of Total Operating Income

29

DEPARTMENT OF BANKING AND FINANCE STATE OF GEORGIA
ABSTRACT STATEMENT OF EARNINGS AND EXPENSES (AVERAGED BY SIZE) OF
STATE AND NATIONAL BANKS IN GEORGIA FOR CALENDAR YEAR ENDING DECEMBER 31, 1981 (IN THOUSANDS)

Number of Banks Size of Banks

39 $50 Mi 11 ion
to $100 Million

Percentage*

27 $100 Mi 11 ion
and Over

Percentage*

OPERATING INCOME

Interest and Fees on Loans Interest on Balance with Banks Interest on Fed. Funds Sold and
Securities Purchased under Agreement to Resell Interest on U.S. Treasury Securities and Interest Obligations of Federal Government Interest on Obligations of SCM Interest on Other Bonds, Notes,
Debentures and Dividends on Stock Income from Direct Lease Financing Income from Fiduciary Activities Service Charges on Deposit Accounts Other Service Charges, Commissions,
Fees Other Income TOTAL OPERATING INCOME

$4,971 124
677
1,067 541
8 1 24 439
123 80 $8,055

61.7 1.5
8.4
13.4 6.7
0.0 0.0 0.3 5.5
1.5 1.0 100.0

$43,072 2,405
4,737
4,118 4,411
176 815 1,655 2,568
1,549 1,785 $67,291

64.0 3.6
7.0
6.1 6.6
0.3 1.2 2.5 3.8
2.3 2.6 100.0

OPERATING EXPENSES

Salaries and Employee Benefits

$1,273

"15.8

$11 ,070

16.5

Interest on Time Certificates

of $100,000 or More

896

11. 1

7,292

10.8

Interest on Deposits in Foreign

Offices and Interest on Other

Deposits

3,117

38.7

15,145

22.5

Expense of Fed. Funds Purchased and

Securities Sold Under Agreement

to Repurchase

127

1.6

11 ,767

17.5

Interest of Demand Notes and

Interest on Other Borrowed Money

27

0.3

769

1.1

Interest on Sub. Notes and Debentures

28

0.3

201

0.3

Net Occupancy Expense of Premises, and

Furniture and Equipment. Expense

358

4.4

3,291

4.9

Provision for Possible Loan Loss

201

2.5

1,926

2.9

Other Expenses

878

11.0

8,371

12.4

TOTAL OPERATING EXPENSES

$6,905

85.7

$59,832

88.9

INCOME BEFORE INCOME TAXES, ETC.

1,150

14.3

7,459

11. 1

Applicable Income Taxes

240

3.0

1,114

1.7

INCOME BEFORE SEC GAINS/LOSSES

$ 910

11.3

$6,345

9.4

Securities Gains/Losses, Net INCOME BEFORE EXTRA EXPENSES
Extraordinary Income/Expense NET INCOME

(44) $ 866
o
$ 866

(0.5)
10.8
0.0 10.8

(336) $6,009
36 $6,045

(0.4) 9.0
0.0 9.0

Dividends Paid or Declared

378

4.7

2,327

3.5

NET INCOME AFTER TAXES AND DIVIDENDS $ 488

6.1

$3,718

5.5

*Percentage of Total Operating Income

30

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS DECEMBER 31, 1981

HOLDING COMPANIES &SUBSIDIARY BANKS

APPROVED OR REGISTERED

FIRST STATE CORPORATION, Albany
First State Bank &Trust Company, Albany
State Bank of Leesburg, Leesburg
SOUTH BANKING COMPANY, Alma
Alma Exchange Bank &Trust, Alma
Citizens State Bank, Kingsland
FIRST NATIONAL FINANCIAL CORP., Athens The First National Bank of Athens, Athens
BANK SOUTH CORPORATION, Atlanta Bank of the South, N. A., Atlanta Bank of the South, Gwinnett County, Duluth Bank of the South, Clayton County, Forest Park Cobb Bank and Trust Company, Smyrna
CDB CORP., Atlanta Citizens DeKa1b Bank, Clarkston
CITIZENS AND SOUTHERN GEORGIA CORPORATION, Atlanta The Citizens and Southern Bank of Albany, Albany The Citizens and Southern Bank of Dublin, Dublin The Citizens and Southern Bank of West Georgia, LaGrange The Citizens and Southern Newnan Bank, Newnan The Citizens and Southern Bank of Thomaston, Thomaston The Citizens and Southern National Bank of Savannah, Savannah
CITIZENS BANCSHARES CORPORATION, Atlanta Citizens Trust Bank, Atlanta
FBH CORP., Atlanta FIRST CORNELIA CORPORATION, Cornelia First Bank of Habersham, Cornelia
FIRST ATLANTA CORPORATION, Atlanta The First National Bank of Atlanta, Atlanta The First National Bank of Dalton, Dalton First Bank of Savannah, Savannah

2-04-81 2-04-81 2-04-81
11-20-80 11-20-80 11-21-80
8-18-81 * 8-18-81 *
7-01-76 7-01-76 8-01-77 11-17-77
10-28-81 *
11-07-80 11-07-80
7-01-76 7-01-76 7-01-76 7-01-76 7-01-76 7-01-76 11-03-80
7-01-76 7-01-76
11-07-80 7-01-76 11-07-80
7-01-76 7-01-76 3-10-77 12-01-76

* Incomplete on December 31, 1981.
31

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS - DECEMBER 31, 1981

HOLDING COMPANIES &SUBSIDIARY BANKS

APPROVED OR REGISTERED

FMB CORP., Atlanta
Farmers &Merchants Bank, Summerville
GRP, INC., Atlanta
First Bank &Trust Co., Marietta
ROSWELL BANCSHARES, INC., Atlanta Roswell Bank, Roswell
TGB CORP., Atlanta The Gordon Bank, Gordon
TRUST COMPANY OF GEORGIA, Atlanta The First National Bank of Albany, Albany Trust Company Bank, Atlanta
The First National Bank &Trust Company of Augusta, Augusta
The Commercial Bank, Bowdon The First National Bank of Brunswick, Brunswick The National Bank and Trust Company of Columbus, Columbus Trust Company Bank of Rockdale, Conyers Trust Company Bank of Douglas County, Douglasville The First National Bank of Wayne County, Jesup Trust Company Bank of Clayton County, Jonesboro Trust Company Bank of Gwinnett County, Lawrenceville Trust Company Bank of Middle Georgia, N. A., Macon First National Bank of McDonough, McDonough The First Natio~al Bank of Rome, Rome Trust Company of Georgia Bank of Savannah, N. A., Savannah Trust Company Bank of Cobb County, N. A., Smyrna
FIRST RAILROAD &BANKING COMPANY OF GEORGIA, Augusta
First Georgia Bank, Atlanta
Georgia Railroad Bank &Trust Company, Augusta
Bank of Dalton, Dalton Commercial Bank of Cobb County, Marietta First National Bank in Newnan, Newnan
PORT CITY HOLDING COMPANY, Bainbridge The First Port City Bank, Bainbridge
UNITED BANK CORPORATION, Barnesville Lamar State Bank, Barnesville The Crawford County Bank, Roberta The Bank of Zebulon, Zebulon

11-07-80 11-07-80
9-17-81 9-17-81
11-07-80 11-07-80
11-07-80 11-07-80
7-01-76 4-06-77 7-01-76 4-27-78 3-18-80 4-06-77 4-27-78 12-19-79 10-25-79 3-13-78 12-17-76 2-26-79 4-27-78 8-28-80 4-27-78 4-27-78 9-23-76
7-01-76 10-12-78 7-01-76 10-25-79 10-25-79 12-21-81
8-11-81 * 8-11-81 *
11-25-81 11-25-81 11-25-81 11-25-81

* Incomplete on December 31, 1981.
32

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS - DECEMBER 31, 1981

HOLDING COMPANIES & SUBSIDIARY BANKS

APPROVED OR REGISTERED

AMERICAN TRADING COMPANY, Brunswick State Bank of Kingsland, Kingsland

7-01-76 7-01-76

FCB CORP., Buford First Commercial Bank, Buford

11-07-80 11-07-80

FARMERS BANCSHARES, INC., Cadwell Farmers State Bank, Cadwell

7-24-79 7-24-79

DAVIS MEMORIAL FUND, Cairo Cairo Banking Company, Cairo

7-01-76 7-01-76

GRADY HOLDING COMPANY, Cairo First National Bank of Grady County, Cairo

6-30-78 6-30-78

P & C BANK SHARES, INC., Camilla Planters & Citizens Bank, Camilla

12-30-80 12-30-80

FIRST BANKS, INC., Carnesville First Bank and Trust, Carnesville Bank of Toccoa, Toccoa

4-13-81
4-13-81 4-13-81

PEOPLES EQUITY SHARES, INC., Carrollton The Peoples Bank, Carrollton

12-05-80 12-05-80

SOUTHEASTERN BANCSHARES, INC., Cartersville The First National Bank of Cartersville, Cartersville

8-14-81 8-14-81

PEAC~TREE BANCSHARES, INC., Chamblee Peachtree Bank and Trust Company, Chamblee

8-08-80 8-08-80

UNION INVESTMENT COMPANY, INC., Colquitt Citizens Bank, Colquitt

7-01-76 7-01-76

CB&T BANCSHARES, INC., Columbus Security Bank and Trust Company of Albany, Albany Sumter Bank and Trust Company, Americus
Columbus Bank and Trust Company, Columbus Commercial Bank & Trust Company of Troup County, LaGrange The Coastal Bank of Georgia, St. Simons Island Commercial Bank, Thomasville First State Bank and Trust Company of Valdosta, Valdosta

7-01-76
1-03-79 4-24-80 7-01-76 9-07-76 9-18-81 9-07-76 11-05-81

FIRST SOUTH BANKCORP, Columbus The First National Bank of Columbus, Columbus Farmers and Merchants Bank, Pine Mountain

7-15-80 7-15-80 5-12-81

33

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS - DECEMBER 31, 1981

HOLDING COMPANIES &SUBSIDIARY BANKS

APPROVED OR REGISTERED

FIRST COMMERCE BANCORP, INC., Commerce The First National Bank of Commerce, Commerce
COMMUNITY BANKSHARES, INC., Cornelia Cornelia Bank, Cornelia
CUMMING BANCSHARES, INC., Cumming Bank of Cumming, Cumming
HARDWICK HOLDING COMPANY, Dalton
Hardwick Bank &Trust Company, Dalton
FIDELITY SOUTHERN CORPORATION, Decatur Fidelity National Bank, Decatur
SOUTHERN BANCSHARES, INC., Douglas The Farmers Bank, Douglas The Farmers Bank, Locust Grove
THORNTON HOLDING COMPANY, INC., Douglasville Douglas County Bank, Douglasville

10-27-81 * 10-27-81 *
3-12-81 3-12-81
10-20-80 10-20-80
9-23-80 9-23-80
12-18-79 12-18-79
3-26-81 3-26-81 3-26-81
12-17-81 12-17-81

DUBLIN BANCSHARES, INC., Dublin The Morris State Bank, Dublin
MIDDLE GEORGIA CORPORATION. Ellaville Bank of Ellaville. Ellaville
SOUTHEASTERN BANKING CORPORATION, Folkston Citizens Bank, Folkston
PERSONS BANKING COMPANY, INC., Forsyth The Farmers Bank, Forsyth The Peoples Bank, Lithonia The Bank of Perry, Perry

3-05-80 3-05-80.
5-08-81 5-08-81
4- 14-81 4- 14-81
8-22-80 8-22-80 8-22-80 3-31-81

CATOOSA BANCSHARES, INC., Fort Oglethorpe Fort Oglethorpe State Bank, Fort Oglethorpe

12-15-80 12-15-80

BANK CORPORATION OF GEORGIA, Fort Valley Bank of Fort Valley, Fort Valley
First State Bank, Marshallville

5-13-80
5-13-80 5-13-80

FIRST NATIONAL BANCORP, Gainesville The First National Bank of Gainesville, Gainesville

5-11-81 5-11-81

FIRST CITIZENS BANKSHARES, INC., Glennville First Citizens Bank, Glennville

12-16-80 12-16-80

* Incomplete on December 31, 1981. 34

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS - DECEMBER 31, 1981

HOLDING COMPANIES &SUBSIDIARY BANKS

APPROVED OR REGISTERED

BLAKELY INVESTMENT COMPANY, Griffin COMMERCIAL BANKSHARES, INC., Griffin First Citizens Bank, Fayetteville
Commercial Bank &Trust Company, Griffin
Bank of Hampton, Hampton
Commercial Bank of Pike County, Zebulon

7-23-79 8-08-78 9-09-81 8-08-78 10-22-79
8-08-78

CAPITAL BANKSHARES CORPORATION, Hapeville Capital City Bank, Hapeville

10-30-81 * 10-30-81 *

NORTHWEST GEORGIA BANKSHARES, INC., LaFayette Walker County Bank, LaFayette

12-16-81 12-16-81

FIRST GWINNETT BANCSHARES, INC., Lawrenceville The First National Bank of Gwinnett County, Lawrenceville

11-17-80 11-17-80

SOUTH GEORGIA BANKSHARES CORP., Lyons The Peoples Bank of Lyons, Georgia, Lyons

12-17-80 12-17-80

CENTRAL OF GEORGIA BANCSHARES, INC., Macon Central Bank of Georgia, Macon

12-04-81 * 12-04-81 *

GEORGIA BANCSHARES, INC., Macon Georgia Bank and Trust Company, Macon The Farmers National Bank of Monticello, Monticello First National Bank of Houston County, Perry

9-28-78 9-28-78 1- 13-81
12-19-79

FIRST CITY BANCORP, INC., Marietta The First National Bank of Cobb County, Marietta

12-02-80 12-02-80

J. L. PILCHER &SONS, INC., Meigs
Bank of Meigs, Meigs

7-01-76 7-01-76

CENTRAL AND SOUTHERN HOLDING COMPANY, Milledgeville The Citizens and Southern Bank of Milledgeville, Milledgeville

3-06-81 3-06-81

ABC HOLDING COMPANY, Moultrie American Banking Company, Moultrie

3-23-81 3-23-81

SOUTHWEST GEORGIA FINANCIAL CORPORATION, Moultrie Moultrie National Bank, Moultrie

11-18-80 11-18-80

FSB BANCORP, INC., Peachtree City The Fayette State Bank, Peachtree City
PINEVIEW BANCSHARES, INC., Pineview Pineview State Bank, Pineview

8-08-80 8-08-80
10-06-81 * 10-06-81 *

* Incomplete on December 31, 1981.
35

REGISTERED BANK HOLDING COMPANIES AND THEIR SUBSIDIARY BANKS - DECEMBER 31, 1981

HOLDING COMPANIES &SUBSIDIARY BANKS

APPROVED OR REGISTERED

QUITMAN BANCSHARES, INC., Quitman Bank of Quitman, Quitman

7-13-81 7-13-81

CCB CORP., Riverdale Clayton County Bank, Riverdale

11-07-80 11-07-80

SBT CORPORATION, Savannah Savannah Bank and Trust Company of Savannah, Savannah Bank of Screven County, Sylvania First National Bank of Valdosta, Valdosta
First National Bank and Trust Company, Vidalia
Commercial Bank, Waycross

1-31-78 1-31-78 10-18-78 12-29-80
5-23-80
1-10-80

SOUTHERN BANK HOLDING COMPANY, Savannah Southern Bank and Trust Company, Savannah

6-09-77 6-09-77

GWINNETT HOLDING CORPORATION, Snellville Gwinnett County Bank, Snellville

12-16-80 12-16-80

SOPERTON NAVAL STORES, INC., Soperton The Bank of Soperton, Soperton

7-01-76 7-01-76

CENTRAL BANKING COMPANY, Swainsboro The Central Bank, Swainsboro

10-07-81 10-07-81

WEST GEORGIA FINANCIAL CORPORATION, Tallapoosa West Georgia Bank of Tallapoosa, Tallapoosa

10-12-78 10-12-78

CARROLL COUNTY FINANCIAL CORPORATION, Temple Bank of Carroll County, Temple

10-22-79 10-22-79

ALTAMAHA BANCSHARES, INC., Uvalda Altamaha Bank and Trust Company, Uvalda
SOUTHERN BANCORP, INC., Waycross Southern Bank, Waycross

11-03-80 11-03-80
10-21-81 * 10-21-81 *

ATKINSON COUNTY BANKSHARES CORPORATION, Willacoochee The Peoples Bank, Willacoochee

9-18-80 9-18-80

* Incomplete on December 31, 1981. 36

ATLANTA INTERNATIONAL BANK AGENCIES

NAME OF AGENCY

LI CENSE DATE NO. ISSUED

RENEWED

Barclays Bank International Limited 1 6-11-76 0-11-81 (United Kingdom)

The Bank of Nova Scotia (Canada)

2 5-27-77 5-27-81

Algemene Bank Nederland, N. V. (Netherlands)

3 6-24-77 6-24-81

Swiss Bank Corporation (Swi tzerl and)

4 7-14-77 7-14-81

Canadian Imperial Bank of Commerce (Canada)

5 4-05-78 4-05-81

Commerzbank Aktiengellschaft (Federal Republic of Germany)

6 10-31-78 10-31-81

Credit Suisse (Switzerland)

7 11-27-78 11-27-81

The Toronto-Dominion Bank (Canada)

8 2-23-79 2-23-81

Lloyds Bank International Limited (England)

9 4-13-79 4-13-81

Kredietbank, N. V. (Belgium)

10 3-20-80 3-20-81

Credit Lyonnais ( France)

11 11-06-80 11-06-81

Union Bank of Bavaria (West Germany)

12 12-01-80 12-01-81

Standard Chartered Bank Limited (England)

13 10-19-81 N/A

* Operating as Representative Office ONLY on December 31, 1981.

TOTAL GEORGIA ASSETS $ 65,970,000
277 ,892,000 174,404,000 83,571,000 408,437,000 63,966,000
*
831,255,000 27,877,000
* *
82,391,000 21,000

INTERNATIONAL BANK FACILITY PERMIT

PARENT BANK &ADDRESS

LOCATION OF FACILITY

The Citizens and Southern
National Bank 35 Broad Street, N. W.
Atlanta, GA 30303

35 Broad Street, N. W. Atlanta, GA 30303

PERMIT NO. 1

ISSUED 12-22-81

37

SUt1NARY OF ACTIVITIES OF BAtiKS - Continued

ATLANTA REPRESENTATIVE OFFICES OF INTERNATIONAL BANKS

NAME OF PARENT BANK

LOCATION

Banca Nazionale del Lavoro

'"

Italy

Banco do Brasil S. A............................................... Brazil

The Bank of Tokyo, Ltd............................................. Japan

REPRESENTATIVE OFFICES OF DOMESTIC BANKS

NAME AND ADDRESS OF PARENT BANK

OFFICE LOCATION

Bank of America NT &SA
San Francisco, California
Columbus Bank and Trust Company, Columbus, Georgia dba The Georgi a -Company
Continental Illinois National Bank and Trust Company of Chicago Chicago, Illinois
The First National Bank of Chicago Chicago, Illinois
Security Pacific National Bank Los Angeles, California

.

Atlanta

.

Savannah

.

Atlanta

.

Atlanta

.

Atlanta

38

SUMMARY OF ACTIVITIES OF CREDIT UNIONS

CREDIT UNION CHARTER APPLICATIONS APPROVED

NAME OF CREDIT UNION

LOCATION

Ga. Christian Church Extension Foundation Credit Union Christian Churches Credit Union (new name) Good Life Credit Union Day Company Inc, Employees Credit Union Kennestone Regional Credit Union Cumberland Credit Association Stratton Industries Credit Association Attapulgus Employees Credit Union Tom's Credit Association Northwest Georgia Teachers Credit Union

Warner Robins Warner Robins Albany Cuthbert Marietta Chatsworth Cartersvi 11 e Attapulgus Columbus Rome

APPLICATIONS FOR VOLUNTARY LIQUIDATIONS AND/OR MERGERS

NAME OF CREDIT UNION

LOCATION

ACTIVITY

APPROVED

AMCO Credit Union

Atlanta

Voluntary Liquidation

6-23-81

RECEIVERSHIP LIQUIDATIONS

NAME or CREDIT UNION

LOCATION

Augusta Plant, TRW United

Augusta

Greenfield Divisions,

Employees' Credit Union

Unpaid Claims. . . .

Liquidation Expenses Payable. .

Estimated Value of Remaining Assets

R. E. A. Employees Credit Union Atlanta

Unpaid Claims . . . Estimated Value of Remaining Assets

Marion Manufacturing Credit Union Atlanta Unpaid Claims Estimated Value of Remaining Assets .

SAV Employees' Credit Union

Atlanta

Unpaid Claims .

Liquidation Fees Payable

Estimated Value of Remaining Assets .

39

CLOSED 3-09-79
12-08-75
5-15-81 9-23-76

APPROVED
4-22-80 8-06-81 12-03-80 6-02-81 6-02-81 9-28-81 10-16-81 10-30-81 10-30-81 11-23-81
COMPLETED
12-10-81
RECEIVER OR DEPUTY RECEIVER
GCUDIC
$26,219.88 820.16
12,146.68
Department of Banking
&Finance
$ 7,161.02
-0-
GCUDIC $19,464.93 14,943.52
GCUDIC $23,657.64
227.72 2,063.99

SUMMARY OF ACTIVITIES OF CREDIT UNIONS - Continued RECEIVERSHIP LIQUIDATIONS

NAME OF CREDIT UNION

LOCATION

TEXACOTE Credit Union

Dalton

Unpaid Claims. .

Liquidation Expense Payable .

Estimated Value of Remaining Assets

DOl Employees' Credit Union

Dalton

Unpaid Claims. . . . .

Liquidation Expense Payable . .

Estimated Value of Remaining Assets

CLOSED 3-05-80
7-29-80

RECEIVER OR DEPUTY
RECEIVER
GCUDIC $ 510.00
1,074.93 7,637.43
GCUDIC $ 7,727.67
-0-
11 ,479.29

SUMMARY OF ACTIVITIES OF SAVINGS AND LOAN ARTICLES OF INCORPORATION FOR APPROVED SAVINGS AND LOAN

NAME OF SAVINGS AND LOAN Cobb Savings and Loan Association Rockdale Savings and Loan Association

LOCATION Marietta Conyers

APPROVED DATE 1-05-81 8-05-81

40

SUMMARY OF ADDITIONS AND DELETIONS DURING 1981
STATE-CHARTERED CREDIT UNIONS IN OPERATION JANUARY 1, 1981 . . . CREDIT UNIONS OPENING DURING YEAR
Christian Churches Credit Union Warner Robins Good Life Credit Union Albany Day Company Inc, Employees Credit Union Cuthbert Kennestone Regional Credit Union Marietta Cumberland Credit Association Chatsworth Stratton Industries Credit Association Cartersville Attapulgus Employees Credit Union Attapulgus Tom's Credit Association Columbus Northwest Georgia Teachers Credit Union Rome CREDIT UNIONS DELETED BY MERGERS AND LIQUIDATIONS Marion Manufacturing Credit Union Atlanta AMCO Credit Union Atlanta TOTAL ACTIVE CREDIT UNIONS IN OPERATION DECEMBER 31, 1981
41

. 169 +9
-2 176

CITY

Albany

Albany

Albany

Albany

Albany

Americus

Athens

Athens

Athens

Athens

Atlanta

Atlanta

Atlanta

~
N

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

COUNTY
Dougherty Dougherty Dougherty Dougherty Dougherty Sumter Clarke Clarke Clarke Clarke Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Cobb DeKa1b Fulton Fulton Cobb Cobb

**AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Albany Federal Employees Carlton Good Life Keenan Phoebe Putney Employees' Sumter County Teachers AGH Employees' Athens Division C. C. E. A. Dairy-Pak Athens A D Co. Employees Amarlite Employees American Freight System Employees AMILSCO ARMCO Associated Atlanta City Employees Atlanta Coca-Cola Bottling Co. Employees' Atlanta Cooperative Credit Association Atlanta Postal Atlanta Railway Postal Clerks Atlanta Teachers Atlantic Steel Chevron Southern DayCo Delta Employees DuPont Atlanta Employees' Employes, Swift and Company The Federal Employees

CHARTER DATE
12-14-33 8-11-53 12-08-80 12-29-36 5-15-74 4-04-36 10-28-75 3-07-29 5-18-59 3-25-57 4-10-53 9-10-80 11-07-80 2-24-60 3-17-48 1-23-56 8-30-28 5-04-73 2-02-39 11-03-25 3-15-28 11-26-26 11-26-26 11-23-33 10-31-75 3-08-40 8-12-49 4-27-33 3-31-30

TOTAL ASSETS**
1 ,974 89 71 674 293 150 109 771 219 128 410 69
8,813 30 83
8,711 5,783 2,969
190 74,422 4,838 8,790 4,696
928 665 130,449 314 219 41,892

CITY
Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta +w:> Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta

COUNTY
Fulton DeKa 1b Fulton Fulton Fulton Fulton Cobb Ful ton Fulton Fulton DeKa 1b Cobb Fulton Fulton Fulton Fulton Fulton DeKa 1b Fulton DeKa 1b DeKal b Fulton Fulton DeKa 1b Fulton Fulton Fulton Fulton Fulton Fulton Ful ton

**AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Fulton Teachers Georgia Central Georgia Department of Human Resources Georgia Department of Public Safety Georiga DOT Georgia LS.A. Georgia International Georgia State Department of Education Georgia Telco G. H. E. Employees GTA John J. Harte Associates H MB Employees Hospital Authority Employees IBEW Local 613 Journal-Constitution Employees Mead Packaging Employees' Mr. Friendly Munford Employees Mutual Savings Orange Disc Piedmont Hospital Presbyterian Center Reliance Rich's Employees Ruralist Sewell Employees' S. M. C. R. C. Southern Freight Bureau Employees State Employees The Thrift

CHARTER DATE
11-02-30 5-01-36 7-30-51 6-22-70 11-19-51 1-05-40 12-10-62 3-15-54 12-06-43 8-21-80 10-01-75 3-28-74 1-11-73 5-15-46 7-21-80 4-30-28 4-30-28 6-23-58 6-14-73 12-23-33 10-07-41 3-29-74 11-26-56 1-23-78 3-04-38 8-06-47 1-14-75 1-10-39 11-19-35 11-14-61 10-24-28

TOTAL ASSETS**
4,142 89,071 3,004 1,334 5,819 2,203
409 5,444 111 ,003 1 ,796 1,295
56 437 1 ,793 775 3,690 2,218 92 383 7,708 868 420 99 5,055 10,050 219 424 237 424 7,521 5,415

CITY

Atlanta Atlanta Atlanta
Atlanta

Attapulgus

Augusta

Augusta

Augusta

Augusta

Bainbridge

Baldwin

Brunswick

.j:::> .j:::>

Ca 1houn

Calhoun

Cartersville

Chamblee

Chatsworth

College Park

Columbus

Columbus

Columbus

Columbus

Columbus

Columbus

Columbus

Columbus

Columbus

COUNTY
Fulton Fulton Fulton Fulton
Decatur Richmond Richmond Richmond Richmond Decatur Banks Glynn Gordon Gordon Bartow DeKa1 b Murray Fulton Muscogee Muscogee Muscogee Muscogee Muscogee Muscogee Muscogee Muscogee Muscogee

**AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
United Family Employees USSAC White Columns WILLIAMS BROS. Employees' Savings
and Credit Association Attapulgus Employees GPC Health Center
King Mill Savings &Credit Association
Richmond County Health Department Employees Bainbridge Mills Credit Association Fieldale Glynn County Federal Employees Calhoun-Gordon County Educators' Crown Crafts, Inc. Employees Stratton Industries Credit Association Lay Employees Savings and Loan Cumberland Credit Association Associated Grocers W. C. Bradley Employees' Credit Association Columbus Coca-Cola Employees
Columbus Health &Hospital
Columbus Postal Columbus Regional Hospital "CPC" Gas Light Employees Swift Tom's Credit Association

CHARTER DATE
8-07-56 3-24-33 6-11-64 9-20-78
11-05-81 6-10-74 1-16-76 6-20-57 12-20-52 1-31-75 10-10-80 4-03-53 1-14-75 6-11-76 10-20-81 9-04-51 10-02-81 6-29-32 9-30-75 10-06-48 11-25-53 1-07-27 7-18-75 2-15-73 11-12-57 2-26-65 11-03-81

TOTAL ASSETS**
252 807 323 648
0 266 761 1 ,915 261 230 547 3,374 119 177
0 1 ,480
0 1 ,041
117
72
710 7,412
74 20 245 967 0

CITY

COUNTY

Cordele

Crisp

Cornelia

Habersham

Cornelia

Habersham

Cuthbert

Randolph

Da1 ton

Whitfield

Dalton

Whitfield

Dalton

Whitfield

Decatur

DeKa 1b

Decatur

DeKa1 b

Decatur

DeKa1 b

Decatur

DeKa1 b

Decatur

DeKa1 b

Doravi 11 e

DeKa1 b

~ (Jl

Doravi lle

Gwinnett

Douglas

Coffee

Dry Branch

Bibb

Dublin

Laurens

Eastman

Dodge

East Point

Fulton

East Point

Fulton

East Point

Fulton

East Point

Fulton

Fitzgerald

Ben Hill

Forest Park

Clayton

Fort McPherson Fulton

Gainesville

Hall

Ga i nesvi11 e

Hall

Gordon

Wil kinson

Griffin

Spalding

**AMOUNTS IN THOUSANDS

LIST OF STATE CREDIT UNIONS
NAME OF CREDIT UNION
Harris Employees Ethicon Statco Day Company Inc, Employees N. G. E. M. C. Tappan Employees Whitfield County Postal Employees Decatur Employees' Decatur Postal Employees Decatur Teachers Kraft Employees The Woodco
F. D. &L. Employees
Gaylord Employees' Coffee General Hospital Employees Georgia Kaolin Employees Dublin Federal Employees Stuckey's Employees' Association Colonial Stores Employees East Point Municipal Employees Perry Communications WASE P. H. P. Credit Association Sexton Atlanta Employees Fort McPherson CITISCO Credit Association HCH Employees' Freeport Kaolin Employees'
Launderers &Cleaners

CHARTER DATE
5-19-47 1-30-79 1-18-65 6-10-81 8-27-52 5-06-80 3-02-51 12-31-79 10-30-51 11-16-55 5-29-34 6-17-53 6-03-45 2-14-55 3-03-72 1-08-51 1-16-51 10-04-60 8-13-29 3-06-41 8-27-62 5-14-62 4-05-76 1-12-45 7-23-48 8-14-62 10-15-74 5-15-79 3-09-72

TOTAL ASSETS**
291 419 417 15 194 45 356 39 1,115 340 3,899 130 843 199 85 451 654 77 9,350 318 297 66 484 88 4,770 28 213 205 1,181

LIST OF STATE CREDIT UNION

CITY

COUNTY

NAME OF CREDIT UNION

Hapeville Hazlehurst Hazlehurst

Helen

Jackson

Jonesboro

Jonesboro

LaFayette

LaGrange

Macon

Macon

Macon

~
O'l

Macon

Macon

Macon

Macon

Macon

Macon

Macon

Marietta

Marietta

McIntyre

Mi 11 edgevi11 e

Mi 11 edgev i 11 e

Monroe

Montezuma

Moultrie

Nashvill e

Fulton Jeff Davis Jeff Davis
White Butts Clayton Clayton Walker Troup Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Bibb Cobb Cobb Wilkinson Baldwin Baldwin Walton Macon Colquitt Berrien

Hapeville Employees' Hand S Employees Credit Association Patchogue-Plymouth Employees Credit
Association
ORBIT SAVINGS &CREDIT ASSOCIATION
CGEMC Employees C. C. B. E. Employees
Clayton Cities &County Employees
Roper LaFayette Employees' West Central Georgia Educators' City Employees Concrete Federal Employees Georgia Kraft Employees Macon Firemen's Macon Police Macon Water Works Medical Center of Central Georgia
The Proctor &Gamble Macon Employees
Smith and Sons Employees C-MAR Kennestone Regional Engelhard Employees' Baldwin County Hospital Employees Central State Hospital Champion Employees' Credit Association
Southern Frozen Employees
Employes, Swift &Company
Nashville Mills Employees

*CONVERTED FROM FEDERAL TO STATE CHARTER **AMOUNTS IN THOUSANDS

CHARTER DATE
3-29-79 8-02-72 8-15-68
9-27-77 9-09-53 12-30-57 1-05-71 3-29-74 11-27-73 2-28-51 4-02-80 2-01-26 1-31-49 4-18-42 10-02-50 7-11-50 12-01-71 3-12-46 6-07-73 10-29-64 6-10-81* 3-04-80 1-06-58 8-28-52 8-19-77 11-22-72 4-24-33 11-21-72

TOTAL ASSETS**
175 112 1 ,492
147 180 1 ,430 1,372 125 35 225 90 1 ,918 2,878 191 282 134 1 ,050 528 236 2,677 784 113 361 6,339 277 164 109 617

LIST OF STATE CREDIT UNIONS

CITY

COUNTY

NAME OF CREDIT UNION

CHARTER DATE

Norcross Norcross Pine Mountain Ringgold Rome Rome Rome Savannah Savannah Savannah Savannah Savannah Savannah .~ ....... Savannah Savannah Savannah Savannah Savannah Sea Island Statesboro Tallapoosa Thomasville Thomasville Toccoa Toccoa Tucker Valdosta Valdosta Vidalia Warner Robins Warner Robins Wrens

Gwinnett Gwinnett Harris Catoosa Floyd Floyd Floyd Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Chatham Glynn
Bulloch Haralson Thomas
Thomas Stephens Stephens
DeKa1 b Lowndes Lowndes Toombs Houston Houston Jefferson

Genuine Parts Rock-Tenn Company Employees Callaway Gardens Salem Carpet Mills Floyd County Postal Employees Northwest Georgia Teachers Rome Kraft Employees Family Lines Credit Union of Savannah G. P. A. Health Employees Chatham County Savannah Electric and Power Employees Savannah Federal Savannah J-Mers Savannah Postal Savannah Regional Hospital Savannah Transit Southern States Employees Workmen's Circle Sea Island Employees Bulloch County School Employees Dixisteel
Davis Industries Credit &Savings Association
Flowers Employees Credit League Vermont American Employees' Wright Manufacturing Employees Doctors Hospital Employees'
Valdosta Educators Valdosta Onized Oxford Employees Christian Churches Warner Robins Employees Georgia-Tenness~e Mining and Chemical
Employees

1-25-37 7-30-74 7-26-77 7-06-73 4-17-26 11-25-81* 3-31-55 12-29-28 11-17-52 8-01-55 4-11-39 6-10-31 9-18-64 6-23-52 4-17-72 1-03-46 12-03-70 2-06-50 5-27-80 6-21-74 4-13-62 10-13-70
11-17-71 3-04-80 11-18-63 7-29-74 11-28-72 7-30-54 12-09-76 4-28-80 10-09-69
3-31-70

*CONVERTED FROM FEDERAL TO STATE CHARTER **AMOUNTS IN THOUSANDS

TOTAL ASSETS**
493 411 295 389 480 3,313 4,382 2,563 1 ,126 622 1 ,280 545 221 1 ,662 279 101 100 1 ,026 1 ,814 536 488 212 2,405 225 1 ,324 234 462 4,103 517 223 453 25

ABSTRACT OF REPORTS OF CONDITION STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31, 1981
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1980
(Amounts in thousands)

DEC. 31

1981

%*

ASSETS

Cash on hand and in banks $ 7,164 1.0

Shares, deposits, certif.

in banks and S &Lis

36,596 5.4

Shares, deposits and certif.

in other credit unions
U.S. Government Obligations Federal Agency Securities

86,772 12.8 4,523 0.7 34,372 5.1

Common Trust Investments Other Investments Loans

3,756 0.6 32,099 4.7 460,020 68.0

Other Assets

11 ,586 1.7

TOTAL ASSETS

$676,888 100.0

DEC. 31

1980

%*

$ 5,813 0.9
42,525 6.9
33,313 5.4 9,495 1.5 35,417 5.7 5,572 0.9 29,617 4.8 449,234 72.6 8,005 1.3 $618,991 100.0

AMOUNT PERCENT Increase+ Increase+ Decrease- Decrease-

$ 1,351+
5,929-
53,459+ 4,9721,0451,8162,482+ 10,786+ 3,581+ $57,897+

23.2+
13.9-
160.5+ 52.43.032.68.4+ 2.4+ 44.7+ 9.4+

LIABILITIES
Member savings deposits, and certificates
Accounts Payable and other liabilities
Notes Payable
TOTAL LIABILITIES

$624,127 92.2 $581 ,254 93.9

7,805 1.2 10,471 1.5

6,768 1.1 1,947 0.3

$642,403 94.9 $589,969 95.3

$42,873+
1 ,037+ 8,524+ $52,434+

7.4+
15.3+ 437.8+
8.9+

CAPITAL

Reserves Undivided Earnings
TOTAL CAPITAL

$ 22,916 3.4 11 ,569 1.7
$ 34,485 5.1

TOTAL LIABILITIES &CAPITAL $676,888 100.0

$ 20,532 3.3 8,490 1.4
$ 29,022 4.7
$618,991 100.0

$ 2,384+ 3,079+
$ 5,463+
$57,897

* Percent of Total Assets

48

11 .6+ 36.3+ 18.8+
9.4+

ABSTRACT OF STATEMENT OF INCOME AND EXPENSE OF STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31, 1981
(Amounts in thousands)

INCOME
Interest on Loans Income from Investments Other Income
TOTAL INCOME

Ca1endar Year Ending 12-31-81 %*

Calendar Year Ending
12-31-80 %*

AMOUNT PERCENT Increase+ Increase+
Decrease- Decrease-

$ 58,918 21 ,431 892
$ 81 ,241

72.5 $ 49,456

26.4 10,305

1.1

565

100.0 $ 60,326

82.0 17.1 0.9
100.0

$ 9,462+ 11 ,126+
327+
$20,915+

19.1+ 108.0+ 57.9+
34.7+

EXPENSES
Employee Comp &Benefits Travel, meetings &Conf.
Association Dues Office Occupancy Office Operations
Educational &Promotional
Member Insurance
Examination &Supervision
Interest on borrowed money
Legal, professional &
outside services Miscellaneous

$ 7,382 208 185 509
2,392 294
2,314 321
1,487
854 2,163

TOTAL EXPENSES

$ 18,109

NET OPERATING INCOME

$ 63,132

9.1 $ 6,291

0.3

166

0.2

165

0.6

302

2.9 1,557

0.4

266

2.8 2,265

0.4

209

1.8

363

1.1

835

2.7 1,247

22.3 $ 13,666

77.7 $ 46,660

10.4 $ 1,091+

0.3

42+

0.3

20+

0.5

207+

2.6

835+

0.4

28+

3.7

49+

0.3

112+

0.6 1,124+

1.4

19+

2.1

916+

22.6 $ 4,443+

77 .4 $16,472+

17.3+ 25.3+ 12.1+ 68.5+ 53.6+ 10.5+ 2.2+ 53.6+ 309.6+
2.3+ 73.5+
32.5+
35.3+

To Div/Int on shares &
Deposits

$ 57,914 71.3 $ 42,584 70.6 $15,330+

* Percent of Total Income

36.0+

49

CITY Canton

LIST OF STATE-CHARTERED BUILDING AND LOAN ASSOCIATIONS

CHARTER

COUNTY

NAME OF BUILDING &LOAN

DATE

Cherokee

North Georgia Savings and Loan Association, Inc.

3-29-79

TOTAL ASSETS 11,578,938

REPORT OF CONDITION OF GEORGIA BUILDING AND LOAN ASSOCIATION
AS OF DECEMBER 31,1981
ASSETS Cash Loans on Real Estate Other Loans Other Investments Prepaid Expense Fixed Assets (net) Accrued Interest Receivable Other Assets
TOTAL ASSETS

353,001 5,855,162 2,358,631 2,572,207
44,895 172,206 186,891 35,945
11,578,938

LIABILITIES, RESERVE, AND CAPITAL Regular Installments Paid on Shares Loans in Process Accrued Interest Payable Other Liabilities
TOTAL LIABILITIES Common Stock Paid-in Surplus Reserves Surplus and Undivided Earnings
TOTAL NET WORTH
TOTAL LIABILITIES &NET WORTH
50

9,542,951 164,365 12,339 659,451
10,379,106
500,000 500,000 35,624 164,208 1,199,832
11 ,578,938

ABSTRACT OF STATEMENTS OF INCOME AND EXPENSE OF STATE-CHARTERED BUILDING AND LOAN ASSOCIATION AS OF DECEMBER 31,1981

INCOME Interest on Loans
Interest on Investments &Deposits
Other Income TOTAL INCOME
EXPENSES
Directors' &Employees Comp &Benefits
Occupancy Expense Other Operating Expenses Interest Expense
TOTAL EXPENSES
NET OPERATING INCOME

$ 809,246 519,084 83,492
$1,411,822
$ 112,324 9,232 91,167
1,058,171 $1,270,894
$140,928

51

FIRMS LICENSED BY THE COMMISSIONER UNDER THE GEORGIA SALE OF CHECKS ACT,
APPROVED MARCH 2, 1965

(Chapter 41A-32, Financial Institutions Code of Georgia)

Name and Location

Total Number of Georgia Agents

American Express Company . . . . . . . . . . . . . . . . . . . . . . 491 American Express Plaza New York, N.Y. 10004

Associates Financial Express, Incorporate . . . . . . . . . . . . . 198 P. O. Box 220097 Dallas, Texas 75222

BA Cheque Corporation &

. . . . . . . . . . . . . . . . . 269

BankAmerican Corporation

One Powell Street

San Francisco, California 94102

Barclays Bank International Limited

o

200 Park Avenue

New York, N.Y. 10017

The Chase Manhattan Corp.

218

One Chase Manhattan Plaza

New York, N. Y. 10081

Citicorp &Citicorp Service, Inc.

240

399 Park Avenue

New York, N.Y. 10043

Thomas Cook, Inc.

....................... 5

11 West 42nd Street

New York, N.Y. 10036

52

SALE OF CHECK COMPANIES - Continued

Name and Location

First Chicago Cheque Corp. P. O. Box 8289 Chicago, Ill. 60680

Munford, Inc. .

.

P. O. Box 7701, Station C

Atlanta, Georgia 30309

National Money Orders, Inc. 3200 Travis Street Houston, Texas 77006

Republic Money Orders, Inc. 1700 Republic National Bank Building Dallas, Texas 75201

Travelers Express Company, Inc. 5075 Wayzata Boulevard Minneapolis, Minnesota 55416

Total Number of Georgia Agents
13 266 24 411 679

53

GEORGIA CREDIT UNION DEPOSIT INSURANCE CORPORATION STATEMENT OF ASSETS AND LIABILITIES

12-31-81

ASSETS

Cash in Bank

. $ 55,056

Investments - Certificates of Deposit, etc. 2,228,868

Due from Members

.

7,585

Due from Credit Union in Liquidation

.

27,605

Fixed Assets

.

5,200

Other Assets

.

28,172

TOTAL ASSETS

. $2,352,486

LIABILITIES, RESERVES, CAPITAL Miscellaneous Accounts Payable Reserve against Insurance Liabi1ities*. Capital - Members' Paid-in Fees..
TOTAL LIABILITIES, RESERVES, CAPITAL

$ 8,798 1,558,263
785,425 $2,352,486

12-31-80
$ 44,286 1,793,462
8,033 9,290 4,286 16,715 $1 ,876,072
$ 6,004 1,107,377
762,691 $1 ,876,072

*Reinsurance carried $3,000,000 ($1,350,000 deductible)

54