First Chatham Bank in Savannah, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Chatham Bank - Overview

  • 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
    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)

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
  • 94Total employees (full-time equivalent)
  • $521,490Total assets
  • $33,915Cash and due from depository institutions
  • $24,942Interest-bearing balances
  • $67,905Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $353,133Net loans & leases
  • $9,441Loan loss allowance
  • $0Trading account assets
  • $13,714Bank premises and fixed assets
  • $22,961Other real estate owned
  • $5,833Goodwill and other intangibles
  • $521,490Life insurance assets
  • $24,029All other assets
  • $498,660Total liabilities and capital
  • $430,719Total liabilities
  • $391,325Total deposits
  • $430,719Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51,500Trading liabilities
  • $0Other borrowed funds
  • $6,441Subordinated debt
  • $22,830All other liabilities
  • $17,092Total equity capital
  • $17,092Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $39,075Surplus
  • $-22,783Undivided profits
  • Memoranda
  • $5,738Noncurrent loans and leases
  • $78,044Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $46,534Income earned, not collected on loans
  • $0Earning assets
  • $1,845Long-term assets (5+ years)
  • $445,980Average Assets, year-to-date
  • $91,337Average Assets, quarterly
  • $564,500Volatile liabilities
  • $531,197Insider loans
  • $402,367FHLB advances
  • $525,807Loans and leases held for sale
  • $11,753Unused loan commitments
  • $11,753Tier 1 (core) risk-based capital
  • $20,551Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,757Restructured Loans and leases
  • $6,981Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,372Total interest income
  • $8,864Total interest expense
  • $11,508Net interest income
  • $9,104Provision for loan and lease losses
  • $13,904Total noninterest income
  • $0Fiduciary activities
  • $1,130Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,774Additional noninterest income
  • $19,619Total noninterest expense
  • $8,815Salaries and employee benefits
  • $2,155Premises and equipment expense
  • $8,649Additional noninterest expense
  • -$3,311Pre-tax net operating income
  • -$434Securities gains (losses)
  • $2,880Applicable income taxes
  • -$6,625Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,673Net income attributable to bank
  • $2,048Net charge-offs
  • -$6,625Cash dividends
  • $11,438Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.15%Yield on earning assets
  • 1.80%Cost of funding earning assets
  • 2.34%Net interest margin
  • 2.83%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • -1.10%Net operating income to assets
  • -1.54%Return on assets (ROA)
  • -1.03%Pretax return on assets
  • -40.09%Return on equity (ROE)
  • -40.09%Retained earnings to average equity (YTD only)
  • 2.92%Net charge-offs to loans
  • 79.59%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 77,105Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.60%Loss allowance to noncurrent loans
  • 20.29%Noncurrent assets plus other real estate owned to assets
  • 13.33%Noncurrent loans to loans
  • 12.83%Net loans and leases to deposits
  • 81.99%Net loans and leases to core deposits
  • 88.13%Equity capital to assets
  • 3.28%Core capital (leverage) ratio
  • 3.91%Tier 1 risk-based capital ratio
  • 5.11%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $564,500Average earning assets
  • $21,634Average equity
  • $491,458Average loans

List of branches

  • 9 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360133First Chatham Bank111 Barnard Street, Savannah, GA 31401January 23, 2002Full Service Brick and Mortar
    2363046Oglethorpe Mall Branch7917 Abercorn Street, Savannah, GA 31406January 23, 2002Limited Service Messenger
    3365727Pooler Branch Office196 Pooler Parkway, Pooler, GA 31322October 07, 2002Full Service Brick and Mortar
    4429737Memorial Drive Branch7401 Hodgson Memorial Drive, Savannah, GA 31406April 19, 2004Full Service Brick and Mortar
    5442603Wilmington Island Branch454 Johnny Mercer Blvd, Savannah, GA 31410June 30, 2005Full Service Brick and Mortar
    6449880Rincon Branch5633 Highway 21, South, Rincon, GA 31326March 14, 2006Full Service Brick and Mortar
    7456599Richmond Hill Branch9943 Ford Avenue, Richmond Hill, GA 31324November 13, 2006Full Service Brick and Mortar
    8457588Springfield Branch203 South Laurel Street, Springfield, GA 31329January 03, 2007Full Service Brick and Mortar
    10473866Glynn Isles Branch550 Glynn Isles, Brunswick, GA 31525April 01, 2008Full Service Brick and Mortar

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