First Bank of Georgia in East Point, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 13, 1998

  • First Bank of Georgia in East Point, Georgia (GA)
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First Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 27200
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 1176939
    Date Established: March 25, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 13241
    FDIC's unique #: 39103
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 25, 1988
    Last Structure Change Effective Date: March 13, 1998
    Last Structure Change Process Date: April 08, 1998
    Last Data Update: April 08, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2833 Main Street, East Point, GA 30344
    County: Fulton
    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: $197.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 53Total employees (full-time equivalent)
  • $197,815Total assets
  • $1,857Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,739Securities
  • $6,500Federal funds sold & reverse repurchase agreements
  • $163,300Net loans & leases
  • $1,476Loan loss allowance
  • $0Trading account assets
  • $2,001Bank premises and fixed assets
  • $460Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,958All other assets
  • $197,815Total liabilities and capital
  • $183,941Total liabilities
  • $135,453Total deposits
  • $104,364Interest-bearing deposits
  • $135,453Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $41,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,302Other borrowed funds
  • $0Subordinated debt
  • $5,186All other liabilities
  • $13,874Total equity capital
  • $13,874Total bank equity capital
  • $13,874Perpetual preferred stock
  • $0Common stock
  • $1,052Surplus
  • $10,695Undivided profits
  • Memoranda
  • $2,127Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $305Average Assets, year-to-date
  • $189,539Average Assets, quarterly
  • $9,439Volatile liabilities
  • $146,737Insider loans
  • $175,927FHLB advances
  • $70,998Loans and leases held for sale
  • $749Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $72,248Total risk weighted assets
  • $8,535Total unused commitments
  • $0Restructured Loans and leases
  • $113,999Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $14,233Total interest income
  • $5,739Total interest expense
  • $8,494Net interest income
  • $315Provision for loan and lease losses
  • $1,760Total noninterest income
  • $0Fiduciary activities
  • $555Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,205Additional noninterest income
  • $6,779Total noninterest expense
  • $3,478Salaries and employee benefits
  • $695Premises and equipment expense
  • $2,606Additional noninterest expense
  • $3,160Pre-tax net operating income
  • $6Securities gains (losses)
  • $1,169Applicable income taxes
  • $1,997Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,997Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$32Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 10.43%Yield on earning assets
  • 4.21%Cost of funding earning assets
  • 6.23%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 4.97%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 19.04%Return on equity (ROE)
  • 19.04%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -984.38%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,111Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 120.56%Net loans and leases to core deposits
  • 151.54%Equity capital to assets
  • 7.01%Core capital (leverage) ratio
  • 7.94%Tier 1 risk-based capital ratio
  • 12.11%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $146,737Average earning assets
  • $10,490Average equity
  • $136,407Average loans

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