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



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First American Bank and Trust Company
GeneralFDIC 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
WWW: http://www.fabathens.com
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
LocationAddress: 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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)111
Total assets$548,198
Cash and due from depository institutions$26,284
Interest-bearing balances$10,603
Securities$222,691
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$233,194
Loan loss allowance $3,318
Trading account assets$0
Bank premises and fixed assets$3,337
Other real estate owned$14,191
Goodwill and other intangibles$0
All other assets$48,501
Life insurance assets$548,198
Total liabilities and capital$496,691
Total liabilities$372,387
Total deposits$325,689
Interest-bearing deposits$372,387
Deposits held in domestic offices$90
% insured (estimated)78620.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$41,194
Other borrowed funds $0
Subordinated debt $4,490
All other liabilities $51,507
Total equity capital$51,507
Total bank equity capital$51,507
Perpetual preferred stock$0
Common stock$2,418
Surplus$16,158
Undivided profits $32,931
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $30,440
Earning assets $0
Long-term assets (5+ years) $2,847
Average Assets, year-to-date $466,488
Average Assets, quarterly $178,682
Volatile liabilities $518,051
Insider loans $553,945
FHLB advances $300,988
Loans and leases held for sale $553,253
Unused loan commitments $10,810
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $48,331
Total risk weighted assets $10,810
Total unused commitments $0
Restructured Loans and leases $32,009
Derivatives$6,004
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $18,408
Total interest expense $4,916
Net interest income $13,492
Provision for loan and lease losses $3,181
Total noninterest income $9,058
Fiduciary activities $419
Service charges on deposit accounts $1,853
Trading account gains & fees $0
Additional noninterest income $6,786
Total noninterest expense $12,385
Salaries and employee benefits $6,409
Premises and equipment expense $1,688
Additional noninterest expense $4,288
Pre-tax net operating income $6,984
Securities gains (losses) $391
Applicable income taxes $2,185
Income before extraordinary items $5,190
Extraordinary gains - net $0
Net income attributable to bank $5,190
Net charge-offs $0
Cash dividends $5,190
Sale, conversion, retirement of capital stock, net $3,262
Net operating income $779
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.03%
Cost of funding earning assets 1.08%
Net interest margin 2.95%
Noninterest income to earning assets 1.98%
Noninterest expense to earning assets 2.71%
Net operating income to assets 0.95%
Return on assets (ROA) 1.00%
Pretax return on assets 1.42%
Return on equity (ROE) 10.75%
Retained earnings to average equity (YTD only) 9.14%
Net charge-offs to loans 1.31%
Credit loss provision to net charge-offs 97.52%
Efficiency ratio3.12%
Assets per employee$54,922
Cash dividends to net income (YTD only)4.94%
Condition Ratios (%)
Loss allowance to loans 15.01%
Loss allowance to noncurrent loans 1.40%
Noncurrent assets plus other real estate owned to assets 10.90%
Noncurrent loans to loans 8.14%
Net loans and leases to deposits12.87%
Net loans and leases to core deposits 62.62%
Equity capital to assets 65.76%
Core capital (leverage) ratio 9.40%
Tier 1 risk-based capital ratio 8.74%
Total risk-based capital ratio 16.06%
Memoranda
Average assets$17
Average earning assets$518,051
Average equity $48,268
Average loans $457,253
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$47,895
Number of Accounts1
Personal trust and agency accounts$41,050
Employee benefit-defined contribution accounts$32,855
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$1,064
Investment management agency accounts$0
Other fiduciary accounts$7,131
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts113
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$6,845
Corporate trust and agency accounts$348
Other fiduciary accounts$4,965
Fiduciary accounts held in foreign offices$0
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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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