American Community Bank of Georgia in Mcdonough, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2002

  • American Community Bank of Georgia in Mcdonough, Georgia (GA)
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American Community Bank of Georgia - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 12Total employees (full-time equivalent)
  • $58,989Total assets
  • $8,601Cash and due from depository institutions
  • $5,487Interest-bearing balances
  • $5,860Securities
  • $3,274Federal funds sold & reverse repurchase agreements
  • $39,887Net loans & leases
  • $493Loan loss allowance
  • $0Trading account assets
  • $336Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,031All other assets
  • $58,989Total liabilities and capital
  • $52,594Total liabilities
  • $48,601Total deposits
  • $42,465Interest-bearing deposits
  • $48,601Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,191Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,500Other borrowed funds
  • $0Subordinated debt
  • $302All other liabilities
  • $6,395Total equity capital
  • $6,395Total bank equity capital
  • $6,395Perpetual preferred stock
  • $0Common stock
  • $3,712Surplus
  • $3,161Undivided profits
  • Memoranda
  • $-478Noncurrent loans and leases
  • $6,319Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $144Earning assets
  • $0Long-term assets (5+ years)
  • $316Average Assets, year-to-date
  • $54,508Average Assets, quarterly
  • $1,791Volatile liabilities
  • $55,408Insider loans
  • $58,998FHLB advances
  • $15,577Loans and leases held for sale
  • $1,567Unused loan commitments
  • $2,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,319Total unused commitments
  • $0Restructured Loans and leases
  • $493Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $4,190Total interest income
  • $2,283Total interest expense
  • $1,907Net interest income
  • $58Provision for loan and lease losses
  • $405Total noninterest income
  • $0Fiduciary activities
  • $117Service charges on deposit accounts
  • $0Trading account gains & fees
  • $288Additional noninterest income
  • $1,971Total noninterest expense
  • $825Salaries and employee benefits
  • $513Premises and equipment expense
  • $633Additional noninterest expense
  • $283Pre-tax net operating income
  • -$8Securities gains (losses)
  • $92Applicable income taxes
  • $183Income before extraordinary items
  • $0Extraordinary gains - net
  • $183Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 4.49%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 2.92%Return on equity (ROE)
  • 2.92%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -2900.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,251Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 342.36%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 82.07%Net loans and leases to core deposits
  • 108.64%Equity capital to assets
  • 10.84%Core capital (leverage) ratio
  • 10.04%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $55,408Average earning assets
  • $6,273Average equity
  • $50,896Average loans

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