First Intercontinental Bank in Doraville, Georgia (GA)



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First Intercontinental Bank routing number info

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First Intercontinental Bank
GeneralFDIC Certificate #: 34998
Status: Active
Federal Reserve ID: 2877840
Date Established: January 31, 2000
WWW: http://www.firsticbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 73820
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: January 31, 2000
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 5593 Buford Highway, Doraville, GA 30340
County: Dekalb
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $254.1 mil
Equity capital: $30.9 mil
Deposits held in domestic offices: $221.3 mil
Return on assets (ROA): 0.06% ($0.2 mil)
Quarterly return on assets: 0.12% ($0.3 mil)
Return on Equity (ROE): 0.53% ($0.2 mil)
Quarterly return on equity: 0.97% ($0.3 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.09% ($228.7 mil)
Quarterly Pretax return on assets: 0.17% ($432.0 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)
Total employees (full-time equivalent)57
Total assets$254,113
Cash and due from depository institutions$35,506
Interest-bearing balances$32,993
Securities$16,455
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$181,449
Loan loss allowance $6,334
Trading account assets$0
Bank premises and fixed assets$3,039
Other real estate owned$11,510
Goodwill and other intangibles$1,078
All other assets$5,076
Life insurance assets$254,113
Total liabilities and capital$223,244
Total liabilities$221,313
Total deposits$169,360
Interest-bearing deposits$221,313
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,931
All other liabilities $30,869
Total equity capital$30,869
Total bank equity capital$30,869
Perpetual preferred stock$6,562
Common stock$14,787
Surplus$7,801
Undivided profits $1,719
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $8,041
Income earned, not collected on loans $11,926
Earning assets $2,212
Long-term assets (5+ years) $704
Average Assets, year-to-date $230,897
Average Assets, quarterly $31,894
Volatile liabilities $266,987
Insider loans $257,381
FHLB advances $199,514
Loans and leases held for sale $263,461
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $30,879
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,794
Derivatives$7,224
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,589
Total interest expense $2,736
Net interest income $9,853
Provision for loan and lease losses $4,602
Total noninterest income $6,281
Fiduciary activities $0
Service charges on deposit accounts $1,031
Trading account gains & fees $0
Additional noninterest income $5,250
Total noninterest expense $11,293
Salaries and employee benefits $3,884
Premises and equipment expense $1,235
Additional noninterest expense $6,174
Pre-tax net operating income $239
Securities gains (losses) $0
Applicable income taxes $76
Income before extraordinary items $163
Extraordinary gains - net $0
Net income attributable to bank $163
Net charge-offs $0
Cash dividends $163
Sale, conversion, retirement of capital stock, net $3,345
Net operating income $174
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.20%
Cost of funding earning assets 1.13%
Net interest margin 4.07%
Noninterest income to earning assets 2.59%
Noninterest expense to earning assets 4.66%
Net operating income to assets 0.06%
Return on assets (ROA) 0.06%
Pretax return on assets 0.09%
Return on equity (ROE) 0.53%
Retained earnings to average equity (YTD only) -0.04%
Net charge-offs to loans 1.70%
Credit loss provision to net charge-offs 137.58%
Efficiency ratio1.45%
Assets per employee$69,995
Cash dividends to net income (YTD only)4.46%
Condition Ratios (%)
Loss allowance to loans 106.75%
Loss allowance to noncurrent loans 3.37%
Noncurrent assets plus other real estate owned to assets 53.11%
Noncurrent loans to loans 9.22%
Net loans and leases to deposits6.35%
Net loans and leases to core deposits 81.99%
Equity capital to assets 89.69%
Core capital (leverage) ratio 12.15%
Tier 1 risk-based capital ratio 11.72%
Total risk-based capital ratio 15.48%
Memoranda
Average assets$17
Average earning assets$266,987
Average equity $30,661
Average loans $242,232
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5 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
073820First Intercontinental Bank5593 Buford Highway, Doraville, GA 30340January 31, 2000Full Service Brick and Mortar
1454937Sugarloaf Branch1291 Old Peachtree Road, Building 300, Suwanee, GA 30024June 02, 2005Full Service Retail
2456595Duluth Branch2230 Pleasant Hill Road, Duluth, GA 30096November 08, 2006Full Service Brick and Mortar
3464807Johns Creek Branch10820 Abbotts Bridge Road, Duluth, GA 30097June 22, 2007Full Service Brick and Mortar
4493844Suwanee Branch1291 Old Peachtree Rd, Bldg 500, Suwanee, GA 30024June 30, 2009Full Service Brick and Mortar
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