Cobb Federal Savings Association in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 12, 1994

  • Cobb Federal Savings Association in Marietta, Georgia (GA)
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Cobb Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33532
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: First Union National Bank of Georgia (#20147)
    Federal Reserve ID: 474179
    Date Established: November 08, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9500
    FDIC's unique #: 47382
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 08, 1991
    Last Structure Change Effective Date: August 12, 1994
    Last Structure Change Process Date: August 24, 1994
    Last Data Update: December 14, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 South Marietta Parkway, Marietta, GA 30064
    County: Cobb
    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
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $15.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $36Total assets
  • $18,548Cash and due from depository institutions
  • $4,598Interest-bearing balances
  • $3,994Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $8,154Loan loss allowance
  • $1,606Trading account assets
  • $0Bank premises and fixed assets
  • $3,257Other real estate owned
  • $2,255Goodwill and other intangibles
  • $284Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $18,548Total liabilities
  • $42,016Total deposits
  • $30,514Interest-bearing deposits
  • $30,514Deposits held in domestic offices
  • 30514.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,295Subordinated debt
  • $0All other liabilities
  • $207Total equity capital
  • $207Total bank equity capital
  • $-23,468Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-23,468Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,851Income earned, not collected on loans
  • $44Earning assets
  • $12,148Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $26,103Average Assets, quarterly
  • $18,877Volatile liabilities
  • $12,238Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $64Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-23,468Total risk weighted assets
  • $10,779Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $894Total interest expense
  • $1,743Net interest income
  • -$849Provision for loan and lease losses
  • -$588Total noninterest income
  • $611Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $611Total noninterest expense
  • $7,905Salaries and employee benefits
  • $970Premises and equipment expense
  • $729Additional noninterest expense
  • $6,206Pre-tax net operating income
  • -$7,555Securities gains (losses)
  • $1Applicable income taxes
  • $0Income before extraordinary items
  • -$7,554Extraordinary gains - net
  • $0Net income attributable to bank
  • -$7,554Net charge-offs
  • $283Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.90%Cost of funding earning assets
  • 11.51%Net interest margin
  • -5.60%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 52.18%Net operating income to assets
  • -28.94%Return on assets (ROA)
  • -28.94%Pretax return on assets
  • -28.94%Return on equity (ROE)
  • 37.39%Retained earnings to average equity (YTD only)
  • 37.39%Net charge-offs to loans
  • 2.20%Credit loss provision to net charge-offs
  • -207.77%Efficiency ratio
  • -3,321,429Assets per employee
  • 0.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 16.45%Loss allowance to noncurrent loans
  • 86.76%Noncurrent assets plus other real estate owned to assets
  • 22.14%Noncurrent loans to loans
  • 18.97%Net loans and leases to deposits
  • 26.72%Net loans and leases to core deposits
  • 27.57%Equity capital to assets
  • -126.53%Core capital (leverage) ratio
  • -126.53%Tier 1 risk-based capital ratio
  • -217.72%Total risk-based capital ratio
  • Memoranda
  • -$218Average assets
  • $26,103Average earning assets
  • -$20,202Average equity
  • $15,148Average loans

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