Community Bank of Rockmart in Rockmart, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 2011

Community Bank of Rockmart - Overview

  • General
  • FDIC Certificate #: 57860
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Century Bank of Georgia (#35236)
    Federal Reserve ID: 3350779
    Date Established: May 09, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 428182
    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: May 09, 2005
    Last Structure Change Effective Date: November 10, 2011
    Last Structure Change Process Date: November 14, 2011
    Last Data Update: November 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 Chattahoochee Drive, Rockmart, GA 30153
    County: Polk
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Cedartown, GA (#16340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $62.4 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, 2010)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $62,752Total assets
  • $2,851Cash and due from depository institutions
  • $2,526Interest-bearing balances
  • $7,493Securities
  • $3,475Federal funds sold & reverse repurchase agreements
  • $42,451Net loans & leases
  • $1,003Loan loss allowance
  • $0Trading account assets
  • $2,302Bank premises and fixed assets
  • $3,435Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $745All other assets
  • $62,752Total liabilities and capital
  • $61,204Total liabilities
  • $56,076Total deposits
  • $53,355Interest-bearing deposits
  • $56,076Deposits held in domestic offices
  • 85.04%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,850Other borrowed funds
  • $0Subordinated debt
  • $278All other liabilities
  • $1,548Total equity capital
  • $1,548Total bank equity capital
  • $1,548Perpetual preferred stock
  • $0Common stock
  • $4,023Surplus
  • $4,023Undivided profits
  • Memoranda
  • $-6,498Noncurrent loans and leases
  • $2,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,641Earning assets
  • $0Long-term assets (5+ years)
  • $253Average Assets, year-to-date
  • $55,945Average Assets, quarterly
  • $9,139Volatile liabilities
  • $66,446Insider loans
  • $64,201FHLB advances
  • $22,325Loans and leases held for sale
  • $2,332Unused loan commitments
  • $4,850Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,282Total unused commitments
  • $2,866Restructured Loans and leases
  • $550Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,189Total interest income
  • $1,287Total interest expense
  • $1,902Net interest income
  • $993Provision for loan and lease losses
  • $221Total noninterest income
  • $0Fiduciary activities
  • $128Service charges on deposit accounts
  • $0Trading account gains & fees
  • $93Additional noninterest income
  • $3,179Total noninterest expense
  • $804Salaries and employee benefits
  • $369Premises and equipment expense
  • $2,006Additional noninterest expense
  • -$2,049Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,049Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,049Net income attributable to bank
  • $0Net charge-offs
  • -$2,049Cash dividends
  • $1,052Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 2.14%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 5.28%Noninterest expense to earning assets
  • -3.08%Net operating income to assets
  • -3.08%Return on assets (ROA)
  • -3.08%Pretax return on assets
  • -73.34%Return on equity (ROE)
  • -73.34%Retained earnings to average equity (YTD only)
  • 2.22%Net charge-offs to loans
  • 94.39%Credit loss provision to net charge-offs
  • -1.00%Efficiency ratio
  • 149,741Assets per employee
  • 5.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 17.78%Noncurrent assets plus other real estate owned to assets
  • 14.46%Noncurrent loans to loans
  • 12.98%Net loans and leases to deposits
  • 75.70%Net loans and leases to core deposits
  • 122.69%Equity capital to assets
  • 2.47%Core capital (leverage) ratio
  • 2.25%Tier 1 risk-based capital ratio
  • 3.35%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $66,446Average earning assets
  • $2,794Average equity
  • $60,228Average loans

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