Cherokee Bank, National Association in Canton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Cherokee Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35136
    Status: Active
    Federal Reserve ID: 2806091
    Bank Holding Company (Regulatory Top Holder): Cherokee Banking Company (RSSDID: 2806082, Location: Canton, GA)
    Date Established: July 26, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 74925
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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 26, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1275 Riverstone Parkway, Canton, GA 30114
    County: Cherokee
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $168.0 mil
    Equity capital: $11.8 mil
    Deposits held in domestic offices: $150.2 mil
    Return on assets (ROA): -0.78% (-$1.3 mil)
    Quarterly return on assets: -1.80% (-$3.0 mil)
    Return on Equity (ROE): -11.55% (-$1.4 mil)
    Quarterly return on equity: -25.35% (-$3.0 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -0.78% (-$1,310.3 mil)
    Quarterly Pretax return on assets: -1.80% (-$3,023.7 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
  • 35Total employees (full-time equivalent)
  • $167,981Total assets
  • $27,916Cash and due from depository institutions
  • $22,172Interest-bearing balances
  • $15,002Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $108,312Net loans & leases
  • $2,618Loan loss allowance
  • $0Trading account assets
  • $5,411Bank premises and fixed assets
  • $4,942Other real estate owned
  • $0Goodwill and other intangibles
  • $167,981Life insurance assets
  • $6,398All other assets
  • $156,189Total liabilities and capital
  • $150,239Total liabilities
  • $110,552Total deposits
  • $150,239Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $950Subordinated debt
  • $11,792All other liabilities
  • $11,792Total equity capital
  • $11,792Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $13,652Surplus
  • $-4,860Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,514Income earned, not collected on loans
  • $0Earning assets
  • $416Long-term assets (5+ years)
  • $145,486Average Assets, year-to-date
  • $36,747Average Assets, quarterly
  • $174,783Volatile liabilities
  • $172,200Insider loans
  • $116,668FHLB advances
  • $171,418Loans and leases held for sale
  • $4,171Unused loan commitments
  • $2,383Tier 1 (core) risk-based capital
  • $11,561Tier 2 risk-based capital
  • $1,788Total risk weighted assets
  • $0Total unused commitments
  • $9,110Restructured Loans and leases
  • $3,786Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,435Total interest income
  • $1,687Total interest expense
  • $5,748Net interest income
  • $1,238Provision for loan and lease losses
  • $1,528Total noninterest income
  • $0Fiduciary activities
  • $683Service charges on deposit accounts
  • $0Trading account gains & fees
  • $845Additional noninterest income
  • $7,597Total noninterest expense
  • $2,357Salaries and employee benefits
  • $655Premises and equipment expense
  • $4,585Additional noninterest expense
  • -$1,559Pre-tax net operating income
  • $194Securities gains (losses)
  • $0Applicable income taxes
  • -$1,365Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,365Net income attributable to bank
  • $0Net charge-offs
  • -$1,365Cash dividends
  • $1,953Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.82%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 5.05%Noninterest expense to earning assets
  • -0.89%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -0.78%Pretax return on assets
  • -11.55%Return on equity (ROE)
  • -11.55%Retained earnings to average equity (YTD only)
  • 1.64%Net charge-offs to loans
  • 63.39%Credit loss provision to net charge-offs
  • -0.16%Efficiency ratio
  • 104,412Assets per employee
  • 4.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 40.19%Noncurrent assets plus other real estate owned to assets
  • 6.82%Noncurrent loans to loans
  • 5.87%Net loans and leases to deposits
  • 72.09%Net loans and leases to core deposits
  • 73.16%Equity capital to assets
  • 7.02%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $174,783Average earning assets
  • $11,818Average equity
  • $150,501Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074925Cherokee Bank, National Association1275 Riverstone Parkway, Canton, GA 30114July 26, 1999Full Service Brick and Mortar
    1364303Marietta Highway Branch3595 Marietta Highway, Canton, GA 30114July 01, 2002Full Service Brick and Mortar
    2466768Woodstock Office Branch159 Woodstock Square Avenue, Woodstock, GA 30188January 31, 2007Full Service Brick and Mortar

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