First American Bank and Trust Company in Athens, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First American Bank and Trust Company in Athens, Georgia (GA)
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First American Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 16858
    Status: Active
    Federal Reserve ID: 921039
    Bank Holding Company (Regulatory Top Holder): First American Bancorp (RSSDID: 1138188, Location: Athens, GA)
    Date Established: January 01, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 11097
    FDIC's unique #: 10956
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1949
    Last Structure Change Effective Date: June 24, 2011
    Last Structure Change Process Date: June 27, 2011
    Last Data Update: June 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 College Avenue, Athens, GA 30601
    County: Clarke
    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): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $548.2 mil
    Equity capital: $51.5 mil
    Deposits held in domestic offices: $372.4 mil
    Return on assets (ROA): 1.00% ($5.5 mil)
    Quarterly return on assets: 0.65% ($3.6 mil)
    Return on Equity (ROE): 10.75% ($5.6 mil)
    Quarterly return on equity: 6.98% ($3.6 mil)
    Net income: $5.2 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.42% ($7,784.4 mil)
    Quarterly Pretax return on assets: 0.88% ($4,824.1 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, 2011)

  • Dollar figures in thousands
  • 111Total employees (full-time equivalent)
  • $548,198Total assets
  • $26,284Cash and due from depository institutions
  • $10,603Interest-bearing balances
  • $222,691Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $233,194Net loans & leases
  • $3,318Loan loss allowance
  • $0Trading account assets
  • $3,337Bank premises and fixed assets
  • $14,191Other real estate owned
  • $0Goodwill and other intangibles
  • $548,198Life insurance assets
  • $48,501All other assets
  • $496,691Total liabilities and capital
  • $372,387Total liabilities
  • $325,689Total deposits
  • $372,387Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 78620.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $41,194Trading liabilities
  • $0Other borrowed funds
  • $4,490Subordinated debt
  • $51,507All other liabilities
  • $51,507Total equity capital
  • $51,507Total bank equity capital
  • $0Perpetual preferred stock
  • $2,418Common stock
  • $16,158Surplus
  • $32,931Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,440Income earned, not collected on loans
  • $0Earning assets
  • $2,847Long-term assets (5+ years)
  • $466,488Average Assets, year-to-date
  • $178,682Average Assets, quarterly
  • $518,051Volatile liabilities
  • $553,945Insider loans
  • $300,988FHLB advances
  • $553,253Loans and leases held for sale
  • $10,810Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $48,331Tier 2 risk-based capital
  • $10,810Total risk weighted assets
  • $0Total unused commitments
  • $32,009Restructured Loans and leases
  • $6,004Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,408Total interest income
  • $4,916Total interest expense
  • $13,492Net interest income
  • $3,181Provision for loan and lease losses
  • $9,058Total noninterest income
  • $419Fiduciary activities
  • $1,853Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,786Additional noninterest income
  • $12,385Total noninterest expense
  • $6,409Salaries and employee benefits
  • $1,688Premises and equipment expense
  • $4,288Additional noninterest expense
  • $6,984Pre-tax net operating income
  • $391Securities gains (losses)
  • $2,185Applicable income taxes
  • $5,190Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,190Net income attributable to bank
  • $0Net charge-offs
  • $5,190Cash dividends
  • $3,262Sale, conversion, retirement of capital stock, net
  • $779Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 2.95%Net interest margin
  • 1.98%Noninterest income to earning assets
  • 2.71%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 10.75%Return on equity (ROE)
  • 9.14%Retained earnings to average equity (YTD only)
  • 1.31%Net charge-offs to loans
  • 97.52%Credit loss provision to net charge-offs
  • 3.12%Efficiency ratio
  • 54,922Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.01%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 10.90%Noncurrent assets plus other real estate owned to assets
  • 8.14%Noncurrent loans to loans
  • 12.87%Net loans and leases to deposits
  • 62.62%Net loans and leases to core deposits
  • 65.76%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 16.06%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $518,051Average earning assets
  • $48,268Average equity
  • $457,253Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $47,895Managed Assets
  • 1Number of Accounts
  • $41,050Personal trust and agency accounts
  • $32,855Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,064Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $7,131Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 113Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,845Other retirement accounts
  • $348Corporate trust and agency accounts
  • $4,965Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 9 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010956First American Bank And Trust Compan300 College Avenue, Athens, GA 30601January 01, 1934Full Service Brick and Mortar
    1239167West Broad Branch2241 West Broad Street, Athens, GA 30606April 30, 1979Full Service Brick and Mortar
    2239168North Athens Branch825 Hull Road, Athens, GA 30601December 21, 1984Full Service Brick and Mortar
    3239169Kroger College Station Branch2301 College Station Road, Athens, GA 30605December 23, 1985Full Service Brick and Mortar
    9362103Watkinsville Branch1681 Experiment Station Road, Watkinsville, GA 30677Febuary 20, 2001Full Service Brick and Mortar
    1160758First Piedmont Bank Branch65 East May Street, Winder, GA 30680April 15, 1998Full Service Brick and Mortar
    13501282Messenger Service300 College Avenue, Athens, GA 30601Febuary 01, 2010Limited Service Messenger
    14366230Mountain Heritage Bank Branch550 Highway 441 South, Clayton, GA 30525November 10, 2003Full Service Brick and Mortar
    15492763Dillard Office Branch7199 Highway 441 North, Dillard, GA 30537October 15, 2008Full Service Brick and Mortar

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