Bank of America Georgia, National Association - Overview
General
FDIC Certificate #: 57117 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America, National Association (#3510) Federal Reserve ID: 2962652 Date Established: Febuary 13, 2001 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 357985 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 13, 2001 Last Structure Change Effective Date: June 30, 2008 Last Structure Change Process Date: July 09, 2008 Last Data Update: July 09, 2008 Data Source Date: April 05, 2012
Location
Address: 600 Peachtree Street, Northeast, Atlanta, GA 30308 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: $92.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
1Total employees (full-time equivalent)
$92,192Total assets
$112Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$76,959Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$15,121All other assets
$92,192Total liabilities and capital
$565Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$65All other liabilities
$91,627Total equity capital
$91,627Total bank equity capital
$91,627Perpetual preferred stock
$0Common stock
$4,000Surplus
$86,321Undivided profits
Memoranda
$1,306Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$76,959Average Assets, quarterly
$0Volatile liabilities
$376,772Insider loans
$94,021FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$14,739Total interest income
$7,211Total interest expense
$7,528Net interest income
$0Provision for loan and lease losses
$429Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$429Additional noninterest income
$263Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$263Additional noninterest expense
$7,694Pre-tax net operating income
$0Securities gains (losses)
$2,590Applicable income taxes
$5,104Income before extraordinary items
$0Extraordinary gains - net
$5,104Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.19%Yield on earning assets
2.05%Cost of funding earning assets
2.14%Net interest margin
0.12%Noninterest income to earning assets
0.07%Noninterest expense to earning assets
1.35%Net operating income to assets
1.35%Return on assets (ROA)
2.04%Pretax return on assets
3.00%Return on equity (ROE)
3.00%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
3,305Assets per employee
92.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
99.39%Core capital (leverage) ratio
102.12%Tier 1 risk-based capital ratio
578.49%Total risk-based capital ratio
Memoranda
$578Average assets
$376,772Average earning assets
$169,928Average equity
$351,603Average loans
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