FDIC Certificate #: 58226 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Georgia Commerce Bank (#57521) Federal Reserve ID: 3459140 Date Established: July 24, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 443123 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: July 24, 2006 Last Structure Change Effective Date: September 02, 2011 Last Structure Change Process Date: September 06, 2011 Last Data Update: September 06, 2011 Data Source Date: April 05, 2012
Location
Address: 100 Springfield Drive, Woodstock, GA 30188 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)
Financial Summary
Total assets: $102.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$100,741Total assets
$10,465Cash and due from depository institutions
$9,979Interest-bearing balances
$6,897Securities
$0Federal funds sold & reverse repurchase agreements
$66,811Net loans & leases
$1,396Loan loss allowance
$0Trading account assets
$7,770Bank premises and fixed assets
$7,677Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,121All other assets
$100,741Total liabilities and capital
$96,892Total liabilities
$91,813Total deposits
$87,484Interest-bearing deposits
$91,813Deposits held in domestic offices
96.12%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$79All other liabilities
$3,849Total equity capital
$3,849Total bank equity capital
$3,849Perpetual preferred stock
$1,660Common stock
$1,879Surplus
$16,088Undivided profits
Memoranda
$-15,778Noncurrent loans and leases
$3,702Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16,700Earning assets
$0Long-term assets (5+ years)
$288Average Assets, year-to-date
$83,687Average Assets, quarterly
$2,009Volatile liabilities
$111,277Insider loans
$104,929FHLB advances
$19,336Loans and leases held for sale
$1Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,702Total unused commitments
$0Restructured Loans and leases
$1,010Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,701Total interest income
$2,067Total interest expense
$1,634Net interest income
$2,314Provision for loan and lease losses
-$12Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
-$73Additional noninterest income
$3,847Total noninterest expense
$1,437Salaries and employee benefits
$658Premises and equipment expense
$1,752Additional noninterest expense
-$4,539Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,539Income before extraordinary items
$0Extraordinary gains - net
-$4,539Net income attributable to bank
$0Net charge-offs
-$4,539Cash dividends
$2,508Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.86%Yield on earning assets
2.16%Cost of funding earning assets
1.70%Net interest margin
-0.01%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
-4.08%Net operating income to assets
-4.08%Return on assets (ROA)
-4.08%Pretax return on assets
-69.73%Return on equity (ROE)
-69.73%Retained earnings to average equity (YTD only)
3.38%Net charge-offs to loans
92.26%Credit loss provision to net charge-offs
-0.89%Efficiency ratio
237,176Assets per employee
6.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
8.36%Noncurrent assets plus other real estate owned to assets
24.20%Noncurrent loans to loans
24.48%Net loans and leases to deposits
72.77%Net loans and leases to core deposits
92.18%Equity capital to assets
3.82%Core capital (leverage) ratio
3.60%Tier 1 risk-based capital ratio
4.78%Total risk-based capital ratio
Memoranda
$6Average assets
$111,277Average earning assets
$6,509Average equity
$95,908Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CreekSide Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: