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Overview / Commentary
5536 Georgia Highway 72
Colbert, GA 30628

First Madison Bank & Trust is headquartered in Colbert and is the 100th largest bank in the state of Georgia. It is also the 3,588th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 22 employees at 3 locations. First Madison Bank & Trust has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 First Madison Bank & Trust had $2.06 million in non-current loans and owned real-estate with $21.66 million in equity and loan loss allowances on hand to cover it. This gives First Madison Bank & Trust a Texas Ratio of 9.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Madison Bank & Trust decreased slightly from 11.91% as of December 31, 2012 to 9.51% as of December 31, 2013, resulting in a positive change of 20.17%.This indicates that the balance sheet and financial strength for First Madison Bank & Trust has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, First Madison Bank & Trust has increased its total deposits by $3.84 million, resulting in 2.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Madison Bank & Trust has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Madison Bank & Trust has $158.8 million in assets with $21.66 million in equity, resulting in a capitalization level of 13.64%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57898
Year Established2005
Employees22
Primary RegulatorFDIC
Assets and Liabilities
Assets$158.80 million
Loans$121.07 million
Deposits$136.54 million
Equity Capital$15.80 million
Loan Loss Allowance$5.86 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$470,000
Historic Data - December 2012
Assets$153.79 million
Equity Capital$14.52 million
Loan Loss Allowance$5.53 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$567,000
Profit Margin - Quarterly
Net Interest Margin4.78%
Return on Assets1.02%
Return on Equity10.57%
Interest Income$7.81 million
Rates

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Locations


First Madison Bank & Trust Locations
Danielsville Branch210 General Daniel AvenueDanielsville, GA 30633
First Madison Bank & Trust5536 Georgia Highway 72Colbert, GA 30628
Athens Branch780 US Highway 29 NorthAthens, GA 30601