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)
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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

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