Alpha Bank & Trust in Alpharetta, Georgia (GA)



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Alpha Bank & Trust
GeneralFDIC Certificate #: 58241
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Stearns Bank National Association (#10988)
Federal Reserve ID: 3442834
Date Established: May 08, 2006
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 444304
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: May 08, 2006
Last Structure Change Effective Date: October 24, 2008
Last Structure Change Process Date: October 24, 2008
Last Data Update: October 24, 2008
Data Source Date: April 05, 2012
LocationAddress: 3651 Old Milton Pkwy, Alpharetta, GA 30005
County: Fulton
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial SummaryTotal assets: $354.1 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)40
Total assets$363,894
Cash and due from depository institutions$17,369
Interest-bearing balances$15,139
Securities$10,569
Federal funds sold & reverse repurchase agreements$10,301
Net loans & leases$310,647
Loan loss allowance $11,708
Trading account assets$0
Bank premises and fixed assets$7,051
Other real estate owned$3,236
Goodwill and other intangibles$0
All other assets$4,721
Life insurance assets$0
Total liabilities and capital$363,894
Total liabilities$337,324
Total deposits$321,643
Interest-bearing deposits$315,232
Deposits held in domestic offices$321,643
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $8,500
Trading liabilities$0
Other borrowed funds $4,356
Subordinated debt $0
All other liabilities $2,825
Total equity capital$26,570
Total bank equity capital$26,570
Perpetual preferred stock$26,570
Common stock$0
Surplus$17,528
Undivided profits $18,784
Memoranda
Noncurrent loans and leases $-9,742
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $88,377
Income earned, not collected on loans $0
Earning assets $5,326
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,605
Average Assets, quarterly $346,656
Volatile liabilities $8,897
Insider loans $273,317
FHLB advances $348,923
Loans and leases held for sale $85,155
Unused loan commitments $0
Tier 1 (core) risk-based capital $2,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $88,377
Restructured Loans and leases $0
Derivatives$4,347
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $22,781
Total interest expense $12,829
Net interest income $9,952
Provision for loan and lease losses $11,155
Total noninterest income $77
Fiduciary activities $14
Service charges on deposit accounts $7
Trading account gains & fees $0
Additional noninterest income $56
Total noninterest expense $6,725
Salaries and employee benefits $4,209
Premises and equipment expense $758
Additional noninterest expense $1,758
Pre-tax net operating income -$7,851
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$7,851
Extraordinary gains - net $0
Net income attributable to bank -$7,851
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $817
Net operating income $0
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.76%
Cost of funding earning assets 4.93%
Net interest margin 3.83%
Noninterest income to earning assets 0.03%
Noninterest expense to earning assets 2.59%
Net operating income to assets -2.87%
Return on assets (ROA) -2.87%
Pretax return on assets -2.87%
Return on equity (ROE) -24.12%
Retained earnings to average equity (YTD only) -24.12%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 1365.36%
Efficiency ratio4.04%
Assets per employee$67,056
Cash dividends to net income (YTD only)9.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.63%
Noncurrent assets plus other real estate owned to assets 219.83%
Noncurrent loans to loans 2.35%
Net loans and leases to deposits1.65%
Net loans and leases to core deposits 96.58%
Equity capital to assets 125.59%
Core capital (leverage) ratio 7.30%
Tier 1 risk-based capital ratio 7.58%
Total risk-based capital ratio 7.34%
Memoranda
Average assets$9
Average earning assets$273,317
Average equity $32,546
Average loans $260,049
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,859
Number of Accounts1
Personal trust and agency accounts$6,859
Employee benefit-defined contribution accounts$1,472
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$3,830
Investment management agency accounts$0
Other fiduciary accounts$1,557
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts48
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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