The First National Bank of Waynesboro Reports – 31134

The First National Bank of Waynesboro Financial Reports

Quater Ended: 2024-03-31

The First National Bank of Waynesboro is a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC) located in Waynesboro, GA. Established on 01/01/1905, the bank is regulated by the OCC and has 2 domestic offices. It operates in the Augusta-Richmond County, GA-SC.

The bank has 35 employees and holds $210,376k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1905.

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The First National Bank of Waynesboro Institution Profile

Established Date 01/01/1905 Institution Class Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC)
Primary Regulator OCC Number of Domestic Offices 2
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 35 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 30830
Ownership Type Not Mutual City Waynesboro
State Alpha code GA State and County Number 13033
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 6 Federal Reserve ID Number Description ATLANTA
Office of The Comptroller District: SOUTHERN DISTRICT Office of Thrift Supervision Region Southeast
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of The First National Bank of Waynesboro with our “Institution Profile” table. The 01/01/1905 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC), the bank operates under the oversight of OCC, ensuring compliance and regulatory adherence.

2 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Waynesboro, GA, and 30830 provide geographic context. Explore these attributes to gain a holistic view of The First National Bank of Waynesboro in the financial landscape.

The First National Bank of Waynesboro Financials

(USD, in thousands)

Total Assets 210,376 Total Liabilities 176,406
Total Equity Capital 33,970 Total Deposits 174,575
Net Loans and Leases 125,876 Total Interest Income 2,997
Total Noninterest Income 496 Total Interest Expense 467
Total Noninterest Expense 1,355 Tier 1 Risk-Based Capital Ratio 31
Net Loans and Leases to Core Deposits 77 Return on Assets 3
Return on Equity 16 Efficiency Ratio 45

Financial Performance Overview

Gain a comprehensive perspective on The First National Bank of Waynesboro’s financial landscape through our “Financials” table. The bank boasts total assets of $210,376k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $176,406k and total equity capital at $33,970k.

Delve into key operational metrics, including total deposits of $174,575k, net loans and leases at $126k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 30.6645, and Return on Assets at 2.51. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of The First National Bank of Waynesboro’s performance and competitive positioning within the financial industry.

The First National Bank of Waynesboro Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) 35 Net Loans and Leases to Core Deposits 77
Tier 1 Risk-Based Capital Ratio 31 Securities Gains (Losses) -6
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1
Yield on Earning Assets 6 Total Interest Income 2,997
Applicable Income Taxes 296 Loss Allowance to Loans and Leases 1
Net Loans and Leases 125,876 Loss Allowance to Noncurrent Loans and Leases 423
Noncurrent Loans to Loans 0 Net Income Attributable to Bank and Noncontrolling Interests 1,309
Net Interest Income 2,530 Net Interest Margin 5
Net Operating Income to Assets 3 Noninterest Income to Average Assets 1
Total Noninterest Income 496 Noninterest Expense to Average Assets 3
Total Noninterest Expense 1,355 Net Charge-Offs to Loans and Leases 0
All Other Assets 3,430 Other Real Estate Owned 0
Other borrowed funds 0 Pre-tax Net Operating Income 1,611
Pretax Return on Assets 3 Return on Assets 3
Retained Earnings to Average Equity (YTD only) 16

Insights into Financial Metrics

Enhance your understanding of The First National Bank of Waynesboro’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $125,876k and Net Interest Income $2,530k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 30.6645 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0.15 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$496k and evaluate operational efficiency using metrics like Efficiency Ratio: 44.78. This nuanced financial overview empowers a comprehensive analysis of The First National Bank of Waynesboro’s strategic financial position and performance in the industry.

This table provides key financial information about The First National Bank of Waynesboro. Get more data about The First National Bank of Waynesboro on Visbanking Report Portal.