First Bank of Georgia in city_name, state_name - Detailed Financial Reports, Location

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

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

First Bank of Georgia - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

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

First Bank of Georgia - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

Comment about this bank, ask questions, or add new information about it:

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