American Community Bank of Georgia in Mcdonough, Georgia (GA)



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American Community Bank of Georgia
GeneralFDIC Certificate #: 34523
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank of Griffin (#169)
Federal Reserve ID: 2707451
Date Established: June 29, 1998
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 15986
FDIC's unique #: 59030
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 29, 1998
Last Structure Change Effective Date: May 31, 2002
Last Structure Change Process Date: June 17, 2002
Last Data Update: June 17, 2002
Data Source Date: April 05, 2012
LocationAddress: 2750 Highway 42 North, Mcdonough, GA 30253
County: Henry
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: $56.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)12
Total assets$58,989
Cash and due from depository institutions$8,601
Interest-bearing balances$5,487
Securities$5,860
Federal funds sold & reverse repurchase agreements$3,274
Net loans & leases$39,887
Loan loss allowance $493
Trading account assets$0
Bank premises and fixed assets$336
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,031
Life insurance assets$0
Total liabilities and capital$58,989
Total liabilities$52,594
Total deposits$48,601
Interest-bearing deposits$42,465
Deposits held in domestic offices$48,601
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,191
Trading liabilities$0
Other borrowed funds $2,500
Subordinated debt $0
All other liabilities $302
Total equity capital$6,395
Total bank equity capital$6,395
Perpetual preferred stock$6,395
Common stock$0
Surplus$3,712
Undivided profits $3,161
Memoranda
Noncurrent loans and leases $-478
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,319
Income earned, not collected on loans $0
Earning assets $144
Long-term assets (5+ years) $0
Average Assets, year-to-date $316
Average Assets, quarterly $54,508
Volatile liabilities $1,791
Insider loans $55,408
FHLB advances $58,998
Loans and leases held for sale $15,577
Unused loan commitments $1,567
Tier 1 (core) risk-based capital $2,500
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,319
Restructured Loans and leases $0
Derivatives$493
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $4,190
Total interest expense $2,283
Net interest income $1,907
Provision for loan and lease losses $58
Total noninterest income $405
Fiduciary activities $0
Service charges on deposit accounts $117
Trading account gains & fees $0
Additional noninterest income $288
Total noninterest expense $1,971
Salaries and employee benefits $825
Premises and equipment expense $513
Additional noninterest expense $633
Pre-tax net operating income $283
Securities gains (losses) -$8
Applicable income taxes $92
Income before extraordinary items $183
Extraordinary gains - net $0
Net income attributable to bank $183
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$2
Net operating income $0
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.23%
Cost of funding earning assets 4.49%
Net interest margin 3.75%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 3.87%
Net operating income to assets 0.34%
Return on assets (ROA) 0.33%
Pretax return on assets 0.50%
Return on equity (ROE) 2.92%
Retained earnings to average equity (YTD only) 2.92%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -2900.00%
Efficiency ratio0.00%
Assets per employee$85,251
Cash dividends to net income (YTD only)4.92%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 342.36%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 82.07%
Equity capital to assets 108.64%
Core capital (leverage) ratio 10.84%
Tier 1 risk-based capital ratio 10.04%
Total risk-based capital ratio 14.05%
Memoranda
Average assets$15
Average earning assets$55,408
Average equity $6,273
Average loans $50,896
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