First Federal Savings Bank of Georgia, F.A. in Winder, Georgia (GA)

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First Federal Savings Bank of Georgia, F.A.
GeneralFDIC Certificate #: 33737
Status: Inactive
Closing history: Corrections
Acquiring institution: Main Street Bank (#33236)
Federal Reserve ID: 866475
Date Established: November 06, 1992
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 10457
FDIC's unique #: 47928
Numeric code: 38
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: November 06, 1992
Last Structure Change Effective Date: November 05, 1993
Last Structure Change Process Date: November 19, 1993
Last Data Update: August 02, 1994
Data Source Date: April 05, 2012
LocationAddress: 202 East Athens Street, Winder, GA 30680
County: Barrow
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)
History of ChangesPass Through Receivership Merger
Conservatorship Institution Resolved
Financial SummaryTotal assets: $78.2 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$68
Cash and due from depository institutions$97,248
Interest-bearing balances$7,327
Federal funds sold & reverse repurchase agreements$3,630
Net loans & leases$0
Loan loss allowance $76,305
Trading account assets$2,152
Bank premises and fixed assets$0
Other real estate owned$2,169
Goodwill and other intangibles$6,654
All other assets$0
Life insurance assets$1,163
Total liabilities and capital$0
Total liabilities$97,248
Total deposits$97,746
Interest-bearing deposits$80,726
Deposits held in domestic offices$79,259
% insured (estimated)80726.00%
Federal funds purchased & repurchase agreements $100
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $16,800
All other liabilities $0
Total equity capital$220
Total bank equity capital$220
Perpetual preferred stock$-498
Common stock$0
Undivided profits $0
Noncurrent loans and leases $-498
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,110
Earning assets $666
Long-term assets (5+ years) $86,530
Average Assets, year-to-date $0
Average Assets, quarterly $97,248
Volatile liabilities $97,248
Insider loans $19,149
FHLB advances $0
Loans and leases held for sale $6,800
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $-498
Total unused commitments $69,752
Restructured Loans and leases $0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $1,064
Net interest income $731
Provision for loan and lease losses $333
Total noninterest income $0
Fiduciary activities $35
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $35
Salaries and employee benefits $496
Premises and equipment expense $243
Additional noninterest expense $102
Pre-tax net operating income $151
Securities gains (losses) -$128
Applicable income taxes $0
Income before extraordinary items $0
Extraordinary gains - net -$128
Net income attributable to bank $0
Net charge-offs -$128
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income -$4,315
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 1.23%
Net interest margin 0.84%
Noninterest income to earning assets 0.38%
Noninterest expense to earning assets 0.04%
Net operating income to assets 0.57%
Return on assets (ROA) -0.13%
Pretax return on assets -0.13%
Return on equity (ROE) -0.13%
Retained earnings to average equity (YTD only) 25.70%
Net charge-offs to loans 25.70%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$134,783
Cash dividends to net income (YTD only)1.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.74%
Noncurrent assets plus other real estate owned to assets 69.20%
Noncurrent loans to loans 10.04%
Net loans and leases to deposits3.96%
Net loans and leases to core deposits 94.52%
Equity capital to assets 97.36%
Core capital (leverage) ratio -0.51%
Tier 1 risk-based capital ratio -0.51%
Total risk-based capital ratio -0.71%
Average assets-$1
Average earning assets$97,248
Average equity -$498
Average loans $86,530
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