Decatur First Bank in Decatur, Georgia (GA)



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Decatur First Bank routing number info

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Decatur First Bank
GeneralFDIC Certificate #: 34392
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Fidelity Bank (#21440)
Federal Reserve ID: 2534086
Date Established: September 02, 1997
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 57155
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: September 02, 1997
Last Structure Change Effective Date: October 21, 2011
Last Structure Change Process Date: October 24, 2011
Last Data Update: October 24, 2011
Data Source Date: April 05, 2012
LocationAddress: 1120 Commerce Drive, Decatur, GA 30030
County: Dekalb
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 SummaryTotal assets: $184.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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)
Total employees (full-time equivalent)36
Total assets$197,785
Cash and due from depository institutions$27,383
Interest-bearing balances$25,120
Securities$34,077
Federal funds sold & reverse repurchase agreements$1,515
Net loans & leases$113,894
Loan loss allowance $3,037
Trading account assets$0
Bank premises and fixed assets$4,057
Other real estate owned$12,083
Goodwill and other intangibles$0
All other assets$4,776
Life insurance assets$1,843
Total liabilities and capital$197,785
Total liabilities$193,755
Total deposits$180,998
Interest-bearing deposits$162,147
Deposits held in domestic offices$180,998
% insured (estimated)95.46%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $12,000
Subordinated debt $0
All other liabilities $757
Total equity capital$4,030
Total bank equity capital$4,030
Perpetual preferred stock$4,030
Common stock$0
Surplus$4,000
Undivided profits $12,737
Memoranda
Noncurrent loans and leases $-12,707
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $11,252
Income earned, not collected on loans $0
Earning assets $10,287
Long-term assets (5+ years) $0
Average Assets, year-to-date $690
Average Assets, quarterly $174,606
Volatile liabilities $36,319
Insider loans $223,161
FHLB advances $204,184
Loans and leases held for sale $48,428
Unused loan commitments $647
Tier 1 (core) risk-based capital $12,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $11,252
Restructured Loans and leases $3,748
Derivatives$1,782
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $8,644
Total interest expense $3,800
Net interest income $4,844
Provision for loan and lease losses $3,552
Total noninterest income -$2,845
Fiduciary activities $0
Service charges on deposit accounts $349
Trading account gains & fees $0
Additional noninterest income -$3,194
Total noninterest expense $7,335
Salaries and employee benefits $2,765
Premises and equipment expense $529
Additional noninterest expense $4,041
Pre-tax net operating income -$8,888
Securities gains (losses) $883
Applicable income taxes $0
Income before extraordinary items -$8,005
Extraordinary gains - net $0
Net income attributable to bank -$8,005
Net charge-offs $0
Cash dividends -$8,005
Sale, conversion, retirement of capital stock, net $4,168
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.37%
Cost of funding earning assets 1.92%
Net interest margin 2.45%
Noninterest income to earning assets -1.44%
Noninterest expense to earning assets 3.71%
Net operating income to assets -3.98%
Return on assets (ROA) -3.59%
Pretax return on assets -3.59%
Return on equity (ROE) -103.04%
Retained earnings to average equity (YTD only) -103.04%
Net charge-offs to loans 3.21%
Credit loss provision to net charge-offs 85.22%
Efficiency ratio-1.28%
Assets per employee$366,933
Cash dividends to net income (YTD only)5.49%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.60%
Noncurrent assets plus other real estate owned to assets 29.52%
Noncurrent loans to loans 11.31%
Net loans and leases to deposits8.80%
Net loans and leases to core deposits 62.93%
Equity capital to assets 85.91%
Core capital (leverage) ratio 2.04%
Tier 1 risk-based capital ratio 2.31%
Total risk-based capital ratio 3.40%
Memoranda
Average assets$5
Average earning assets$223,161
Average equity $7,769
Average loans $197,704
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