Eastside Commercial Bank in Conyers, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Eastside Commercial Bank in Conyers, Georgia (GA)
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Eastside Commercial Bank - Overview

  • General
  • FDIC Certificate #: 58125
    Status: Active
    Federal Reserve ID: 3357899
    Bank Holding Company (Regulatory Top Holder): Eastside Commercial Bancshares, Inc. (RSSDID: 3357901, Location: Conyers, GA)
    Date Established: November 01, 2005
    WWW: http://www.eastcommbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 440158
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 2005
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 895 Iris Drive, Conyers, GA 30013
    County: Rockdale
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $196.8 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $182.5 mil
    Return on assets (ROA): -2.72% (-$5.4 mil)
    Quarterly return on assets: -1.38% (-$2.7 mil)
    Return on Equity (ROE): -48.74% (-$4.4 mil)
    Quarterly return on equity: -29.03% (-$2.6 mil)
    Net income: -$5.7 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -2.72% (-$5,351.8 mil)
    Quarterly Pretax return on assets: -1.38% (-$2,715.3 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, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $196,759Total assets
  • $26,090Cash and due from depository institutions
  • $25,003Interest-bearing balances
  • $21,489Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $129,920Net loans & leases
  • $5,466Loan loss allowance
  • $0Trading account assets
  • $356Bank premises and fixed assets
  • $17,719Other real estate owned
  • $0Goodwill and other intangibles
  • $196,760Life insurance assets
  • $1,185All other assets
  • $187,580Total liabilities and capital
  • $182,548Total liabilities
  • $152,260Total deposits
  • $182,548Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 4484.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $548Subordinated debt
  • $9,180All other liabilities
  • $9,180Total equity capital
  • $9,180Total bank equity capital
  • $0Perpetual preferred stock
  • $7,613Common stock
  • $13,744Surplus
  • $-12,177Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,531Income earned, not collected on loans
  • $0Earning assets
  • $491Long-term assets (5+ years)
  • $176,412Average Assets, year-to-date
  • $21,777Average Assets, quarterly
  • $208,393Volatile liabilities
  • $200,862Insider loans
  • $147,579FHLB advances
  • $207,964Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,095Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,803Restructured Loans and leases
  • $1,318Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,539Total interest income
  • $2,452Total interest expense
  • $5,087Net interest income
  • $4,266Provision for loan and lease losses
  • -$2,000Total noninterest income
  • $0Fiduciary activities
  • $460Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,460Additional noninterest income
  • $4,494Total noninterest expense
  • $1,551Salaries and employee benefits
  • $383Premises and equipment expense
  • $2,560Additional noninterest expense
  • -$5,673Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5,673Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,673Net income attributable to bank
  • $0Net charge-offs
  • -$5,673Cash dividends
  • $2,608Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.06%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 2.74%Net interest margin
  • -1.08%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • -2.72%Net operating income to assets
  • -2.72%Return on assets (ROA)
  • -2.72%Pretax return on assets
  • -48.74%Return on equity (ROE)
  • -48.74%Retained earnings to average equity (YTD only)
  • 1.79%Net charge-offs to loans
  • 163.57%Credit loss provision to net charge-offs
  • -0.54%Efficiency ratio
  • 145,578Assets per employee
  • 9.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 43.62%Noncurrent assets plus other real estate owned to assets
  • 15.37%Noncurrent loans to loans
  • 9.26%Net loans and leases to deposits
  • 71.17%Net loans and leases to core deposits
  • 75.40%Equity capital to assets
  • 4.67%Core capital (leverage) ratio
  • 4.37%Tier 1 risk-based capital ratio
  • 6.16%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $208,393Average earning assets
  • $11,639Average equity
  • $185,650Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440158Eastside Commercial Bank895 Iris Drive, Conyers, GA 30013November 01, 2005Full Service Brick and Mortar
    2521580Gwinnett Branch3175 Satellite Blvd. Bldg 600 Suite 150, Duluth, GA 30096November 01, 2010Full Service Brick and Mortar

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