First Choice Community Bank in Dallas, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 2011

  • First Choice Community Bank in Dallas, Georgia (GA)
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First Choice Community Bank - Overview

  • General
  • FDIC Certificate #: 58539
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Bank of the Ozarks (#110)
    Federal Reserve ID: 3557617
    Date Established: April 09, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 455709
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 09, 2007
    Last Structure Change Effective Date: April 29, 2011
    Last Structure Change Process Date: May 03, 2011
    Last Data Update: May 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 68 First National Drive, Dallas, GA 30157
    County: Paulding
    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: $291.2 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, 2010)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $308,453Total assets
  • $27,988Cash and due from depository institutions
  • $23,047Interest-bearing balances
  • $18,319Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $244,722Net loans & leases
  • $17,127Loan loss allowance
  • $0Trading account assets
  • $9,676Bank premises and fixed assets
  • $3,404Other real estate owned
  • $311Goodwill and other intangibles
  • $1,360Life insurance assets
  • $4,033All other assets
  • $308,453Total liabilities and capital
  • $316,042Total liabilities
  • $310,004Total deposits
  • $293,609Interest-bearing deposits
  • $310,004Deposits held in domestic offices
  • 94.93%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,977Other borrowed funds
  • $0Subordinated debt
  • $1,061All other liabilities
  • $-7,589Total equity capital
  • $-7,589Total bank equity capital
  • $-7,589Perpetual preferred stock
  • $0Common stock
  • $9,433Surplus
  • $30,600Undivided profits
  • Memoranda
  • $-47,622Noncurrent loans and leases
  • $9,955Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $79,487Earning assets
  • $0Long-term assets (5+ years)
  • $1,300Average Assets, year-to-date
  • $286,088Average Assets, quarterly
  • $13,409Volatile liabilities
  • $343,296Insider loans
  • $325,280FHLB advances
  • $93,431Loans and leases held for sale
  • $2,755Unused loan commitments
  • $4,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,955Total unused commitments
  • $28,123Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $14,941Total interest income
  • $6,216Total interest expense
  • $8,725Net interest income
  • $33,815Provision for loan and lease losses
  • -$3,541Total noninterest income
  • $0Fiduciary activities
  • $407Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,948Additional noninterest income
  • $10,273Total noninterest expense
  • $4,297Salaries and employee benefits
  • $1,458Premises and equipment expense
  • $4,518Additional noninterest expense
  • -$38,904Pre-tax net operating income
  • $20Securities gains (losses)
  • $3,546Applicable income taxes
  • -$42,430Income before extraordinary items
  • $0Extraordinary gains - net
  • -$42,430Net income attributable to bank
  • $0Net charge-offs
  • -$42,430Cash dividends
  • $21,695Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.99%Cost of funding earning assets
  • 2.80%Net interest margin
  • -1.13%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -12.37%Net operating income to assets
  • -12.36%Return on assets (ROA)
  • -11.33%Pretax return on assets
  • -249.94%Return on equity (ROE)
  • -249.94%Retained earnings to average equity (YTD only)
  • 7.67%Net charge-offs to loans
  • 155.87%Credit loss provision to net charge-offs
  • -0.23%Efficiency ratio
  • 196,644Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.54%Loss allowance to noncurrent loans
  • 21.55%Noncurrent assets plus other real estate owned to assets
  • 26.87%Noncurrent loans to loans
  • 30.36%Net loans and leases to deposits
  • 78.94%Net loans and leases to core deposits
  • 113.00%Equity capital to assets
  • -2.46%Core capital (leverage) ratio
  • -2.37%Tier 1 risk-based capital ratio
  • -2.96%Total risk-based capital ratio
  • Memoranda
  • -$3Average assets
  • $343,296Average earning assets
  • $16,976Average equity
  • $312,122Average loans

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