Alpha Bank & Trust in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 2008

  • Alpha Bank & Trust in Alpharetta, Georgia (GA)
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Alpha Bank & Trust - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 40Total employees (full-time equivalent)
  • $363,894Total assets
  • $17,369Cash and due from depository institutions
  • $15,139Interest-bearing balances
  • $10,569Securities
  • $10,301Federal funds sold & reverse repurchase agreements
  • $310,647Net loans & leases
  • $11,708Loan loss allowance
  • $0Trading account assets
  • $7,051Bank premises and fixed assets
  • $3,236Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,721All other assets
  • $363,894Total liabilities and capital
  • $337,324Total liabilities
  • $321,643Total deposits
  • $315,232Interest-bearing deposits
  • $321,643Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,356Other borrowed funds
  • $0Subordinated debt
  • $2,825All other liabilities
  • $26,570Total equity capital
  • $26,570Total bank equity capital
  • $26,570Perpetual preferred stock
  • $0Common stock
  • $17,528Surplus
  • $18,784Undivided profits
  • Memoranda
  • $-9,742Noncurrent loans and leases
  • $88,377Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,326Earning assets
  • $0Long-term assets (5+ years)
  • $2,605Average Assets, year-to-date
  • $346,656Average Assets, quarterly
  • $8,897Volatile liabilities
  • $273,317Insider loans
  • $348,923FHLB advances
  • $85,155Loans and leases held for sale
  • $0Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $88,377Total unused commitments
  • $0Restructured Loans and leases
  • $4,347Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $22,781Total interest income
  • $12,829Total interest expense
  • $9,952Net interest income
  • $11,155Provision for loan and lease losses
  • $77Total noninterest income
  • $14Fiduciary activities
  • $7Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $6,725Total noninterest expense
  • $4,209Salaries and employee benefits
  • $758Premises and equipment expense
  • $1,758Additional noninterest expense
  • -$7,851Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$7,851Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,851Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $817Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.76%Yield on earning assets
  • 4.93%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • -2.87%Net operating income to assets
  • -2.87%Return on assets (ROA)
  • -2.87%Pretax return on assets
  • -24.12%Return on equity (ROE)
  • -24.12%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 1365.36%Credit loss provision to net charge-offs
  • 4.04%Efficiency ratio
  • 67,056Assets per employee
  • 9.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.63%Loss allowance to noncurrent loans
  • 219.83%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 96.58%Net loans and leases to core deposits
  • 125.59%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 7.34%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $273,317Average earning assets
  • $32,546Average equity
  • $260,049Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,859Managed Assets
  • 1Number of Accounts
  • $6,859Personal trust and agency accounts
  • $1,472Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,830Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,557Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 48Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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