Community Bank of West Georgia in Villa Rica, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 26, 2009

  • Community Bank of West Georgia in Villa Rica, Georgia (GA)
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Community Bank of West Georgia - Overview

  • General
  • FDIC Certificate #: 57436
    Status: Inactive
    Federal Reserve ID: 3119163
    Date Established: March 25, 2003
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 363569
    Numeric code: 13
    Regulator: FED
    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: March 25, 2003
    Last Structure Change Effective Date: June 26, 2009
    Last Structure Change Process Date: June 29, 2009
    Last Data Update: June 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 662 Highway 61, Villa Rica, GA 30180
    County: Carroll
    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
  • Financial Difficulty - Payoff
  • Financial Summary
  • Total assets: $201.2 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, 2008)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $203,107Total assets
  • $992Cash and due from depository institutions
  • $112Interest-bearing balances
  • $24,506Securities
  • $13,862Federal funds sold & reverse repurchase agreements
  • $133,311Net loans & leases
  • $4,713Loan loss allowance
  • $0Trading account assets
  • $5,921Bank premises and fixed assets
  • $18,716Other real estate owned
  • $0Goodwill and other intangibles
  • $3,049Life insurance assets
  • $5,799All other assets
  • $203,107Total liabilities and capital
  • $192,217Total liabilities
  • $188,037Total deposits
  • $183,952Interest-bearing deposits
  • $188,037Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,216Other borrowed funds
  • $0Subordinated debt
  • $964All other liabilities
  • $10,890Total equity capital
  • $10,890Total bank equity capital
  • $10,890Perpetual preferred stock
  • $0Common stock
  • $6,615Surplus
  • $11,618Undivided profits
  • Memoranda
  • $-7,343Noncurrent loans and leases
  • $9,678Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,923Earning assets
  • $0Long-term assets (5+ years)
  • $888Average Assets, year-to-date
  • $171,791Average Assets, quarterly
  • $24,658Volatile liabilities
  • $204,723Insider loans
  • $201,769FHLB advances
  • $75,977Loans and leases held for sale
  • $7,440Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,678Total unused commitments
  • $7,542Restructured Loans and leases
  • $2,032Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $11,426Total interest income
  • $7,812Total interest expense
  • $3,614Net interest income
  • $6,285Provision for loan and lease losses
  • $275Total noninterest income
  • $0Fiduciary activities
  • $89Service charges on deposit accounts
  • $0Trading account gains & fees
  • $186Additional noninterest income
  • $5,500Total noninterest expense
  • $2,728Salaries and employee benefits
  • $768Premises and equipment expense
  • $2,004Additional noninterest expense
  • -$7,896Pre-tax net operating income
  • $0Securities gains (losses)
  • $338Applicable income taxes
  • -$8,234Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,234Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,552Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 4.25%Cost of funding earning assets
  • 1.97%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • -4.02%Net operating income to assets
  • -4.02%Return on assets (ROA)
  • -3.86%Pretax return on assets
  • -57.28%Return on equity (ROE)
  • -57.28%Retained earnings to average equity (YTD only)
  • 2.18%Net charge-offs to loans
  • 176.94%Credit loss provision to net charge-offs
  • -0.45%Efficiency ratio
  • 141,425Assets per employee
  • 6.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 33.85%Noncurrent assets plus other real estate owned to assets
  • 16.07%Noncurrent loans to loans
  • 10.09%Net loans and leases to deposits
  • 70.90%Net loans and leases to core deposits
  • 118.96%Equity capital to assets
  • 5.36%Core capital (leverage) ratio
  • 5.29%Tier 1 risk-based capital ratio
  • 6.73%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $204,723Average earning assets
  • $14,376Average equity
  • $183,742Average loans

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