First Georgia Banking Company in Franklin, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 2011

First Georgia Banking Company - Overview

  • General
  • FDIC Certificate #: 57647
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CertusBank, National Association (#59028)
    Federal Reserve ID: 3219335
    Date Established: November 03, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Interstate: No)
    FDIC's unique #: 419030
    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: November 03, 2003
    Last Structure Change Effective Date: May 20, 2011
    Last Structure Change Process Date: May 23, 2011
    Last Data Update: May 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Main Street, Franklin, GA 30217
    County: Heard
    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)
  • Financial Summary
  • Total assets: $731.0 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, 2010)

  • Dollar figures in thousands
  • 158Total employees (full-time equivalent)
  • $780,061Total assets
  • $138,752Cash and due from depository institutions
  • $134,292Interest-bearing balances
  • $58,064Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $504,239Net loans & leases
  • $12,706Loan loss allowance
  • $0Trading account assets
  • $35,403Bank premises and fixed assets
  • $35,082Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,521All other assets
  • $780,061Total liabilities and capital
  • $762,453Total liabilities
  • $739,521Total deposits
  • $694,011Interest-bearing deposits
  • $739,521Deposits held in domestic offices
  • 92.23%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,000Other borrowed funds
  • $0Subordinated debt
  • $932All other liabilities
  • $17,608Total equity capital
  • $17,608Total bank equity capital
  • $17,608Perpetual preferred stock
  • $0Common stock
  • $14,460Surplus
  • $61,744Undivided profits
  • Memoranda
  • $-58,596Noncurrent loans and leases
  • $23,760Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $48,666Earning assets
  • $0Long-term assets (5+ years)
  • $2,377Average Assets, year-to-date
  • $696,595Average Assets, quarterly
  • $94,386Volatile liabilities
  • $801,333Insider loans
  • $791,101FHLB advances
  • $267,092Loans and leases held for sale
  • $5,801Unused loan commitments
  • $22,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $570Total risk weighted assets
  • $23,760Total unused commitments
  • $10,840Restructured Loans and leases
  • $6,730Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $34,405Total interest income
  • $13,030Total interest expense
  • $21,375Net interest income
  • $14,566Provision for loan and lease losses
  • $79Total noninterest income
  • $0Fiduciary activities
  • $2,152Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,073Additional noninterest income
  • $23,310Total noninterest expense
  • $9,603Salaries and employee benefits
  • $2,936Premises and equipment expense
  • $10,771Additional noninterest expense
  • -$16,422Pre-tax net operating income
  • $949Securities gains (losses)
  • $0Applicable income taxes
  • -$15,473Income before extraordinary items
  • $0Extraordinary gains - net
  • -$15,473Net income attributable to bank
  • $0Net charge-offs
  • -$15,473Cash dividends
  • $14,739Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.82%Cost of funding earning assets
  • 2.99%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • -2.05%Net operating income to assets
  • -1.93%Return on assets (ROA)
  • -1.93%Pretax return on assets
  • -55.84%Return on equity (ROE)
  • -55.84%Retained earnings to average equity (YTD only)
  • 2.61%Net charge-offs to loans
  • 98.83%Credit loss provision to net charge-offs
  • -0.13%Efficiency ratio
  • 108,651Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.46%Loss allowance to noncurrent loans
  • 26.11%Noncurrent assets plus other real estate owned to assets
  • 10.74%Noncurrent loans to loans
  • 9.41%Net loans and leases to deposits
  • 68.18%Net loans and leases to core deposits
  • 104.52%Equity capital to assets
  • 2.26%Core capital (leverage) ratio
  • 2.40%Tier 1 risk-based capital ratio
  • 3.61%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $801,333Average earning assets
  • $27,710Average equity
  • $715,135Average loans

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