Bank of Atlanta in Atlanta, Georgia (GA)



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Bank of Atlanta routing number info

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Bank of Atlanta
GeneralFDIC Certificate #: 32362
Status: Active
Federal Reserve ID: 518073
Date Established: July 06, 1966
WWW: http://www.bankofatlanta.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: Yes)
OTS Docket #: 18004
FDIC's unique #: 45196
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 19, 1985
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1349 West Peachtree Street, Suite 100, Atlanta, GA 30309
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)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $189.8 mil
Equity capital: $18.6 mil
Deposits held in domestic offices: $155.5 mil
Return on assets (ROA): -0.66% (-$1.3 mil)
Quarterly return on assets: 0.03% ($0.1 mil)
Return on Equity (ROE): -6.62% (-$1.3 mil)
Quarterly return on equity: 0.26% ($0.0 mil)
Net income: -$1.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: -0.66% (-$1,252.7 mil)
Quarterly Pretax return on assets: 0.03% ($56.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)42
Total assets$189,800
Cash and due from depository institutions$44,966
Interest-bearing balances$43,159
Securities$29,472
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$102,307
Loan loss allowance $3,062
Trading account assets$0
Bank premises and fixed assets$1,984
Other real estate owned$7,773
Goodwill and other intangibles$635
All other assets$2,663
Life insurance assets$189,800
Total liabilities and capital$171,160
Total liabilities$155,494
Total deposits$119,025
Interest-bearing deposits$155,494
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,000
Other borrowed funds $0
Subordinated debt $666
All other liabilities $18,640
Total equity capital$18,640
Total bank equity capital$18,640
Perpetual preferred stock$0
Common stock$811
Surplus$57,708
Undivided profits $-39,879
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,075
Earning assets $0
Long-term assets (5+ years) $557
Average Assets, year-to-date $174,938
Average Assets, quarterly $18,127
Volatile liabilities $194,930
Insider loans $187,471
FHLB advances $119,561
Loans and leases held for sale $190,812
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $18,250
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $23,374
Derivatives$926
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,212
Total interest expense $1,610
Net interest income $6,602
Provision for loan and lease losses $1,421
Total noninterest income $3,785
Fiduciary activities $0
Service charges on deposit accounts $318
Trading account gains & fees $0
Additional noninterest income $3,467
Total noninterest expense $10,557
Salaries and employee benefits $3,816
Premises and equipment expense $1,281
Additional noninterest expense $5,460
Pre-tax net operating income -$1,591
Securities gains (losses) $302
Applicable income taxes $0
Income before extraordinary items -$1,289
Extraordinary gains - net $0
Net income attributable to bank -$1,289
Net charge-offs $0
Cash dividends -$1,289
Sale, conversion, retirement of capital stock, net $1,738
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 0.89%
Net interest margin 3.66%
Noninterest income to earning assets 2.10%
Noninterest expense to earning assets 5.85%
Net operating income to assets -0.82%
Return on assets (ROA) -0.66%
Pretax return on assets -0.66%
Return on equity (ROE) -6.62%
Retained earnings to average equity (YTD only) -6.62%
Net charge-offs to loans 1.46%
Credit loss provision to net charge-offs 81.76%
Efficiency ratio-0.10%
Assets per employee$101,637
Cash dividends to net income (YTD only)4.52%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.91%
Noncurrent assets plus other real estate owned to assets 75.14%
Noncurrent loans to loans 6.24%
Net loans and leases to deposits3.87%
Net loans and leases to core deposits 65.79%
Equity capital to assets 71.64%
Core capital (leverage) ratio 9.82%
Tier 1 risk-based capital ratio 9.56%
Total risk-based capital ratio 15.26%
Memoranda
Average assets$17
Average earning assets$194,930
Average equity $19,485
Average loans $180,558
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2 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045196Bank Of Atlanta1349 West Peachtree Street, Suite 100, Atlanta, GA 30309July 06, 1966Full Service Brick and Mortar
2492526Duluth Branch1970 Sattellite Blvd, Duluth, GA 30097July 16, 2007Full Service Brick and Mortar
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