The Trust Bank Reports – 894834

The Trust Bank Financial Reports

Quater Ended: 2024-06-30

The Trust Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Lenox, GA. Established on 06/25/1907, the bank is regulated by the FDIC and has 3 domestic offices. It operates in the N/A.

The bank has 19 employees and holds $41,150k in total assets. With a focus on community banking, the bank has been serving its customers since 06/25/1907.

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The Trust Bank Institution Profile

Established Date 06/25/1907 Institution Class Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary Regulator FDIC Number of Domestic Offices 3
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 19 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 31637
Ownership Type Not Mutual City Lenox
State Alpha code GA State and County Number 13075
Subchapter S Corporations Yes 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 02/05/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of The Trust Bank with our “Institution Profile” table. The 06/25/1907 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

3 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 Lenox, GA, and 31637 provide geographic context. Explore these attributes to gain a holistic view of The Trust Bank in the financial landscape.

The Trust Bank Financials

(USD, in thousands)

Total Assets $41,150 Total Liabilities $34,504
Total Equity Capital $6,646 Total Deposits $34,358
Net Loans and Leases $17,609 Total Interest Income $831
Total Noninterest Income $79 Total Interest Expense $52
Total Noninterest Expense $578 Tier 1 Risk-Based Capital Ratio 36.00%
Net Loans and Leases to Core Deposits 51.25% Return on Assets 2.61%
Return on Equity 17.21% Efficiency Ratio 67.37%

Financial Performance Overview

Gain a comprehensive perspective on The Trust Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $41,150k, 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 $34,504k and total equity capital at $6,646k.

Delve into key operational metrics, including total deposits of $34,358k, net loans and leases at $18k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 36.0046, and Return on Assets at 2.61. 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 Trust Bank’s performance and competitive positioning within the financial industry.

The Trust Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) $0 Net Loans and Leases to Core Deposits 51.25%
Tier 1 Risk-Based Capital Ratio 36.00% Securities Gains (Losses) $0
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 0.53%
Yield on Earning Assets 8.45% Total Interest Income $831
Applicable Income Taxes $0 Loss Allowance to Loans and Leases 1.77%
Net Loans and Leases $17,609 Loss Allowance to Noncurrent Loans and Leases 127.20%
Noncurrent Loans to Loans 1.39% Net Income Attributable to Bank and Noncontrolling Interests $280
Net Interest Income $779 Net Interest Margin 7.92%
Net Operating Income to Assets 2.61% Noninterest Income to Average Assets 0.74%
Total Noninterest Income $79 Noninterest Expense to Average Assets 5.39%
Total Noninterest Expense $578 Net Charge-Offs to Loans and Leases -0.02%
All Other Assets $1,419 Other Real Estate Owned $0
Other borrowed funds $0 Pre-tax Net Operating Income $280
Pretax Return on Assets 2.61% Return on Assets 2.61%
Retained Earnings to Average Equity (YTD only) 20.71%

Insights into Financial Metrics

Enhance your understanding of The Trust Bank’s financial standing through our “Additional Financial Information” table. Explore key metrics such as Net Loans and Leases: $17,609k and Net Interest Income $779k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 36.0046 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.02 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income:$79k and evaluate operational efficiency using metrics like Efficiency Ratio: 67.37. This nuanced financial overview empowers a comprehensive analysis of The Trust Bank’s strategic financial position and performance in the industry.

This table provides key financial information about The Trust Bank. Get more data about The Trust Bank on Visbanking Report Portal.