First Federal Bank of Northwest Georgia, Federal Savings Bank in Cedartown, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 09, 1996

  • First Federal Bank of Northwest Georgia, Federal Savings Bank in Cedartown, Georgia (GA)
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First Federal Bank of Northwest Georgia, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30844
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 504870
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6003
    FDIC's unique #: 43678
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 16, 1956
    Last Structure Change Effective Date: December 09, 1996
    Last Structure Change Process Date: January 16, 1997
    Last Data Update: January 16, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 North Main St, Cedartown, GA 30125
    County: Polk
    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): Cedartown, GA (#16340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $93.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $29Total assets
  • $90,023Cash and due from depository institutions
  • $3,492Interest-bearing balances
  • $2,289Securities
  • $20,206Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $62,902Loan loss allowance
  • $648Trading account assets
  • $0Bank premises and fixed assets
  • $968Other real estate owned
  • $749Goodwill and other intangibles
  • $1,706Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $90,023Total liabilities
  • $77,262Total deposits
  • $76,663Interest-bearing deposits
  • $75,971Deposits held in domestic offices
  • 76663.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $599Total equity capital
  • $599Total bank equity capital
  • $12,761Perpetual preferred stock
  • $0Common stock
  • $3Surplus
  • $2,723Undivided profits
  • Memoranda
  • $10,035Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $581Income earned, not collected on loans
  • $368Earning assets
  • $85,397Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $87,689Average Assets, quarterly
  • $90,237Volatile liabilities
  • $6,526Insider loans
  • $504FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,201Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,496Total risk weighted assets
  • $47,809Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,426Total interest expense
  • $3,781Net interest income
  • $2,645Provision for loan and lease losses
  • $0Total noninterest income
  • $536Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $536Total noninterest expense
  • $1,727Salaries and employee benefits
  • $750Premises and equipment expense
  • $322Additional noninterest expense
  • $655Pre-tax net operating income
  • $1,454Securities gains (losses)
  • $0Applicable income taxes
  • $483Income before extraordinary items
  • $971Extraordinary gains - net
  • $0Net income attributable to bank
  • $971Net charge-offs
  • $0Cash dividends
  • $477Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.70%Cost of funding earning assets
  • 4.53%Net interest margin
  • 3.17%Noninterest income to earning assets
  • 0.64%Noninterest expense to earning assets
  • 2.07%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 1.66%Return on equity (ROE)
  • 7.98%Retained earnings to average equity (YTD only)
  • 4.06%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 54,291Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.12%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 111.53%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 82.05%Net loans and leases to core deposits
  • 89.68%Equity capital to assets
  • 14.18%Core capital (leverage) ratio
  • 13.88%Tier 1 risk-based capital ratio
  • 26.14%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $87,689Average earning assets
  • $12,168Average equity
  • $83,461Average loans

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