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



Show street view No street view available for this location
Table of contents:
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
Corrections
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
Securities$6,595
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
Surplus$0
Undivided profits $0
Memoranda
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
Derivatives$0
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets-$1
Average earning assets$97,248
Average equity -$498
Average loans $86,530
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Federal Savings Bank of Georgia, F.A..
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.