First Chatham Bank in Savannah, Georgia (GA)
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| First Chatham Bank | |
|---|---|
| General | FDIC Certificate #: 57252 Status: Active Federal Reserve ID: 3075474 Bank Holding Company (Regulatory Top Holder): Fcb Financial Corp. (RSSDID: 3031902, Location: Savannah, GA) Date Established: January 23, 2002 WWW: http://www.firstchatham.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Domestic: 9, Interstate: No) FDIC's unique #: 360133 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: January 23, 2002 Last Structure Change Effective Date: January 01, 2007 Last Structure Change Process Date: November 13, 2007 Last Data Update: November 13, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 111 Barnard Street, Savannah, GA 31401 County: Chatham Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Savannah Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Savannah, GA (#7520) Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496) Core Based Statistical Area (CBSA): Savannah, GA (#42340) CBSA Metro Statistical Area: Savannah, GA (#42340) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office |
| Financial Summary | Total assets: $521.5 mil Equity capital: $17.1 mil Deposits held in domestic offices: $430.7 mil Return on assets (ROA): -1.54% (-$8.0 mil) Quarterly return on assets: -3.52% (-$18.3 mil) Return on Equity (ROE): -40.09% (-$6.8 mil) Quarterly return on equity: -96.13% (-$16.3 mil) Net income: -$8.7 mil Quarterly Net income: -$4.7 mil Pretax return on assets: -1.03% (-$5,371.3 mil) Quarterly Pretax return on assets: -2.53% (-$13,193.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 94 |
| Total assets | $521,490 |
| Cash and due from depository institutions | $33,915 |
| Interest-bearing balances | $24,942 |
| Securities | $67,905 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $353,133 |
| Loan loss allowance | $9,441 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,714 |
| Other real estate owned | $22,961 |
| Goodwill and other intangibles | $5,833 |
| All other assets | $24,029 |
| Life insurance assets | $521,490 |
| Total liabilities and capital | $498,660 |
| Total liabilities | $430,719 |
| Total deposits | $391,325 |
| Interest-bearing deposits | $430,719 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 10000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $51,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $6,441 |
| All other liabilities | $22,830 |
| Total equity capital | $17,092 |
| Total bank equity capital | $17,092 |
| Perpetual preferred stock | $0 |
| Common stock | $800 |
| Surplus | $39,075 |
| Undivided profits | $-22,783 |
| Memoranda | |
| Noncurrent loans and leases | $5,738 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $78,044 |
| Income earned, not collected on loans | $46,534 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,845 |
| Average Assets, year-to-date | $445,980 |
| Average Assets, quarterly | $91,337 |
| Volatile liabilities | $564,500 |
| Insider loans | $531,197 |
| FHLB advances | $402,367 |
| Loans and leases held for sale | $525,807 |
| Unused loan commitments | $11,753 |
| Tier 1 (core) risk-based capital | $11,753 |
| Tier 2 risk-based capital | $20,551 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $26,757 |
| Derivatives | $6,981 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $20,372 |
| Total interest expense | $8,864 |
| Net interest income | $11,508 |
| Provision for loan and lease losses | $9,104 |
| Total noninterest income | $13,904 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,130 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $12,774 |
| Total noninterest expense | $19,619 |
| Salaries and employee benefits | $8,815 |
| Premises and equipment expense | $2,155 |
| Additional noninterest expense | $8,649 |
| Pre-tax net operating income | -$3,311 |
| Securities gains (losses) | -$434 |
| Applicable income taxes | $2,880 |
| Income before extraordinary items | -$6,625 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$8,673 |
| Net charge-offs | $2,048 |
| Cash dividends | -$6,625 |
| Sale, conversion, retirement of capital stock, net | $11,438 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.15% |
| Cost of funding earning assets | 1.80% |
| Net interest margin | 2.34% |
| Noninterest income to earning assets | 2.83% |
| Noninterest expense to earning assets | 3.99% |
| Net operating income to assets | -1.10% |
| Return on assets (ROA) | -1.54% |
| Pretax return on assets | -1.03% |
| Return on equity (ROE) | -40.09% |
| Retained earnings to average equity (YTD only) | -40.09% |
| Net charge-offs to loans | 2.92% |
| Credit loss provision to net charge-offs | 79.59% |
| Efficiency ratio | 0.51% |
| Assets per employee | $77,105 |
| Cash dividends to net income (YTD only) | 5.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.60% |
| Noncurrent assets plus other real estate owned to assets | 20.29% |
| Noncurrent loans to loans | 13.33% |
| Net loans and leases to deposits | 12.83% |
| Net loans and leases to core deposits | 81.99% |
| Equity capital to assets | 88.13% |
| Core capital (leverage) ratio | 3.28% |
| Tier 1 risk-based capital ratio | 3.91% |
| Total risk-based capital ratio | 5.11% |
| Memoranda | |
| Average assets | $6 |
| Average earning assets | $564,500 |
| Average equity | $21,634 |
| Average loans | $491,458 |
| 9 Georgia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 360133 | First Chatham Bank | 111 Barnard Street, Savannah, GA 31401 | January 23, 2002 | Full Service Brick and Mortar |  |
| 2 | 363046 | Oglethorpe Mall Branch | 7917 Abercorn Street, Savannah, GA 31406 | January 23, 2002 | Limited Service Messenger |  |
| 3 | 365727 | Pooler Branch Office | 196 Pooler Parkway, Pooler, GA 31322 | October 07, 2002 | Full Service Brick and Mortar | |
| 4 | 429737 | Memorial Drive Branch | 7401 Hodgson Memorial Drive, Savannah, GA 31406 | April 19, 2004 | Full Service Brick and Mortar | |
| 5 | 442603 | Wilmington Island Branch | 454 Johnny Mercer Blvd, Savannah, GA 31410 | June 30, 2005 | Full Service Brick and Mortar | |
| 6 | 449880 | Rincon Branch | 5633 Highway 21, South, Rincon, GA 31326 | March 14, 2006 | Full Service Brick and Mortar | |
| 7 | 456599 | Richmond Hill Branch | 9943 Ford Avenue, Richmond Hill, GA 31324 | November 13, 2006 | Full Service Brick and Mortar | |
| 8 | 457588 | Springfield Branch | 203 South Laurel Street, Springfield, GA 31329 | January 03, 2007 | Full Service Brick and Mortar | |
| 10 | 473866 | Glynn Isles Branch | 550 Glynn Isles, Brunswick, GA 31525 | April 01, 2008 | Full Service Brick and Mortar | |
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