First Citizens Bank of Georgia in Dawsonville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Citizens Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 58421
    Status: Active
    Federal Reserve ID: 3549180
    Bank Holding Company (Regulatory Top Holder): First Citizens Financial Corporation (RSSDID: 3549171, Location: Dawsonville, GA)
    Date Established: March 05, 2007
    WWW: http://www.firstcitizensbankofga.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 451399
    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: March 05, 2007
    Last Structure Change Effective Date: May 09, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 Carlisle Road, Dawsonville, GA 30534
    County: Dawson
    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
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $102.4 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $93.9 mil
    Return on assets (ROA): -0.89% (-$0.9 mil)
    Quarterly return on assets: -3.85% (-$3.9 mil)
    Return on Equity (ROE): -24.89% (-$0.7 mil)
    Quarterly return on equity: -101.64% (-$3.0 mil)
    Net income: -$1.0 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -0.89% (-$911.0 mil)
    Quarterly Pretax return on assets: -3.85% (-$3,941.0 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
  • 20Total employees (full-time equivalent)
  • $102,364Total assets
  • $5,805Cash and due from depository institutions
  • $5,171Interest-bearing balances
  • $14,202Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,418Net loans & leases
  • $1,999Loan loss allowance
  • $0Trading account assets
  • $7,506Bank premises and fixed assets
  • $10,960Other real estate owned
  • $0Goodwill and other intangibles
  • $102,364Life insurance assets
  • $1,473All other assets
  • $99,038Total liabilities and capital
  • $93,860Total liabilities
  • $86,594Total deposits
  • $93,860Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $178Subordinated debt
  • $3,326All other liabilities
  • $3,326Total equity capital
  • $3,326Total bank equity capital
  • $0Perpetual preferred stock
  • $5,750Common stock
  • $10,042Surplus
  • $-12,466Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,085Income earned, not collected on loans
  • $0Earning assets
  • $443Long-term assets (5+ years)
  • $81,791Average Assets, year-to-date
  • $19,112Average Assets, quarterly
  • $112,196Volatile liabilities
  • $104,763Insider loans
  • $86,020FHLB advances
  • $104,487Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,145Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,953Restructured Loans and leases
  • $1,600Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,050Total interest income
  • $1,803Total interest expense
  • $3,247Net interest income
  • $1,150Provision for loan and lease losses
  • $473Total noninterest income
  • $0Fiduciary activities
  • $99Service charges on deposit accounts
  • $0Trading account gains & fees
  • $374Additional noninterest income
  • $3,968Total noninterest expense
  • $1,564Salaries and employee benefits
  • $565Premises and equipment expense
  • $1,839Additional noninterest expense
  • -$1,398Pre-tax net operating income
  • $397Securities gains (losses)
  • $0Applicable income taxes
  • -$1,001Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,001Net income attributable to bank
  • $0Net charge-offs
  • -$1,001Cash dividends
  • $1,334Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 1.94%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 4.27%Noninterest expense to earning assets
  • -1.25%Net operating income to assets
  • -0.89%Return on assets (ROA)
  • -0.89%Pretax return on assets
  • -24.89%Return on equity (ROE)
  • -24.89%Retained earnings to average equity (YTD only)
  • 1.95%Net charge-offs to loans
  • 86.21%Credit loss provision to net charge-offs
  • -0.19%Efficiency ratio
  • 106,667Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 28.21%Noncurrent assets plus other real estate owned to assets
  • 17.63%Noncurrent loans to loans
  • 11.00%Net loans and leases to deposits
  • 66.50%Net loans and leases to core deposits
  • 69.81%Equity capital to assets
  • 3.25%Core capital (leverage) ratio
  • 3.01%Tier 1 risk-based capital ratio
  • 3.66%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $112,196Average earning assets
  • $4,022Average equity
  • $92,877Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451399First Citizens Bank Of Georgia70 Carlisle Road, Dawsonville, GA 30534March 05, 2007Full Service Brick and Mortar
    1488800Cumming Branch5835 Bethelview Road, Cumming, GA 30040December 26, 2008Full Service Brick and Mortar

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