Bank of North Georgia in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • Bank of North Georgia in Alpharetta, Georgia (GA)
  • Show street view No street view available for this location

Bank of North Georgia - Overview

  • General
  • FDIC Certificate #: 31203
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 832377
    Date Established: August 05, 1960
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 48 (Interstate: No)
    OTS Docket #: 6526
    FDIC's unique #: 44037
    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: August 05, 1960
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8025 Westside Parkway, Alpharetta, GA 30004
    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: $4,673.7 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, 2009)

  • Dollar figures in thousands
  • 654Total employees (full-time equivalent)
  • $5,082,865Total assets
  • $50,988Cash and due from depository institutions
  • $2,020Interest-bearing balances
  • $529,649Securities
  • $396,763Federal funds sold & reverse repurchase agreements
  • $3,646,433Net loans & leases
  • $139,447Loan loss allowance
  • $7,397Trading account assets
  • $91,155Bank premises and fixed assets
  • $96,780Other real estate owned
  • $5,833Goodwill and other intangibles
  • $15,332Life insurance assets
  • $257,867All other assets
  • $5,082,865Total liabilities and capital
  • $4,624,335Total liabilities
  • $4,405,649Total deposits
  • $3,880,762Interest-bearing deposits
  • $4,405,649Deposits held in domestic offices
  • 72.41%% insured (estimated)
  • $46,289Federal funds purchased & repurchase agreements
  • $8,547Trading liabilities
  • $141,471Other borrowed funds
  • $0Subordinated debt
  • $22,379All other liabilities
  • $458,530Total equity capital
  • $458,530Total bank equity capital
  • $458,530Perpetual preferred stock
  • $0Common stock
  • $6,063Surplus
  • $819,386Undivided profits
  • Memoranda
  • $-366,919Noncurrent loans and leases
  • $627,954Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $394,208Earning assets
  • $0Long-term assets (5+ years)
  • $20,197Average Assets, year-to-date
  • $4,574,865Average Assets, quarterly
  • $556,257Volatile liabilities
  • $5,653,375Insider loans
  • $5,309,892FHLB advances
  • $492,404Loans and leases held for sale
  • $31,290Unused loan commitments
  • $141,471Tier 1 (core) risk-based capital
  • $274,719Tier 2 risk-based capital
  • $2,549Total risk weighted assets
  • $627,954Total unused commitments
  • $0Restructured Loans and leases
  • $54,312Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $224,523Total interest income
  • $97,974Total interest expense
  • $126,549Net interest income
  • $392,269Provision for loan and lease losses
  • -$27,144Total noninterest income
  • $0Fiduciary activities
  • $14,956Service charges on deposit accounts
  • $121Trading account gains & fees
  • -$42,221Additional noninterest income
  • $116,435Total noninterest expense
  • $50,194Salaries and employee benefits
  • $11,378Premises and equipment expense
  • $54,863Additional noninterest expense
  • -$409,299Pre-tax net operating income
  • $716Securities gains (losses)
  • -$113,660Applicable income taxes
  • -$294,923Income before extraordinary items
  • $0Extraordinary gains - net
  • -$294,923Net income attributable to bank
  • $0Net charge-offs
  • -$294,923Cash dividends
  • $390,347Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.87%Cost of funding earning assets
  • 2.42%Net interest margin
  • -0.52%Noninterest income to earning assets
  • 2.22%Noninterest expense to earning assets
  • -5.23%Net operating income to assets
  • -5.22%Return on assets (ROA)
  • -7.23%Pretax return on assets
  • -56.96%Return on equity (ROE)
  • -56.96%Retained earnings to average equity (YTD only)
  • 9.06%Net charge-offs to loans
  • 100.49%Credit loss provision to net charge-offs
  • -0.04%Efficiency ratio
  • 115,398Assets per employee
  • 7.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.68%Loss allowance to noncurrent loans
  • 35.37%Noncurrent assets plus other real estate owned to assets
  • 9.66%Noncurrent loans to loans
  • 10.41%Net loans and leases to deposits
  • 82.77%Net loans and leases to core deposits
  • 91.89%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 10.21%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $5,653,375Average earning assets
  • $517,775Average equity
  • $5,234,452Average loans

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of North Georgia.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents