First National Community Bank in Chatsworth, Georgia (GA)

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First National Community Bank
GeneralFDIC Certificate #: 22092
Status: Active
Federal Reserve ID: 450632
Bank Holding Company (Regulatory Top Holder): First Chatsworth Bankshares, Inc. (RSSDID: 1084481, Location: Chatsworth, GA)
Date Established: August 18, 1975
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 14099
FDIC's unique #: 15342
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 18, 1975
Last Structure Change Effective Date: June 16, 2011
Last Structure Change Process Date: July 15, 2011
Last Data Update: July 15, 2011
Data Source Date: April 05, 2012
LocationAddress: 701 North 3rd Avenue, Chatsworth, GA 30705
County: Murray
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
Core Based Statistical Area (CBSA): Dalton, GA (#19140)
CBSA Metro Statistical Area: Dalton, GA (#19140)
History of ChangesName Change
Financial SummaryTotal assets: $127.7 mil
Equity capital: $8.9 mil
Deposits held in domestic offices: $116.4 mil
Return on assets (ROA): -4.70% (-$6.0 mil)
Quarterly return on assets: -10.75% (-$13.8 mil)
Return on Equity (ROE): -54.46% (-$4.9 mil)
Quarterly return on equity: -131.27% (-$11.8 mil)
Net income: -$6.1 mil
Quarterly Net income: -$3.5 mil
Pretax return on assets: -2.86% (-$3,652.8 mil)
Quarterly Pretax return on assets: -3.40% (-$4,342.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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)56
Total assets$127,719
Cash and due from depository institutions$14,571
Interest-bearing balances$8,444
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$70,621
Loan loss allowance $2,347
Trading account assets$0
Bank premises and fixed assets$2,939
Other real estate owned$6,764
Goodwill and other intangibles$0
All other assets$3,523
Life insurance assets$127,719
Total liabilities and capital$118,790
Total liabilities$116,393
Total deposits$96,141
Interest-bearing deposits$116,393
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $397
All other liabilities $8,929
Total equity capital$8,929
Total bank equity capital$8,929
Perpetual preferred stock$0
Common stock$500
Undivided profits $-3,491
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $272
Income earned, not collected on loans $7,391
Earning assets $0
Long-term assets (5+ years) $467
Average Assets, year-to-date $108,366
Average Assets, quarterly $21,598
Volatile liabilities $130,883
Insider loans $130,497
FHLB advances $80,147
Loans and leases held for sale $130,728
Unused loan commitments $1,738
Tier 1 (core) risk-based capital $1,738
Tier 2 risk-based capital $8,876
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,288
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,640
Total interest expense $921
Net interest income $4,719
Provision for loan and lease losses $1,150
Total noninterest income -$1,459
Fiduciary activities $0
Service charges on deposit accounts $832
Trading account gains & fees $0
Additional noninterest income -$2,291
Total noninterest expense $5,862
Salaries and employee benefits $2,681
Premises and equipment expense $855
Additional noninterest expense $2,326
Pre-tax net operating income -$3,752
Securities gains (losses) $7
Applicable income taxes $2,400
Income before extraordinary items -$6,145
Extraordinary gains - net $0
Net income attributable to bank -$6,145
Net charge-offs $0
Cash dividends -$6,145
Sale, conversion, retirement of capital stock, net $1,427
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.15%
Cost of funding earning assets 0.84%
Net interest margin 4.31%
Noninterest income to earning assets -1.33%
Noninterest expense to earning assets 5.35%
Net operating income to assets -4.70%
Return on assets (ROA) -4.70%
Pretax return on assets -2.86%
Return on equity (ROE) -54.46%
Retained earnings to average equity (YTD only) -54.46%
Net charge-offs to loans 1.88%
Credit loss provision to net charge-offs 80.59%
Efficiency ratio-1.82%
Assets per employee$179,816
Cash dividends to net income (YTD only)2.28%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.22%
Noncurrent assets plus other real estate owned to assets 31.75%
Noncurrent loans to loans 11.08%
Net loans and leases to deposits10.13%
Net loans and leases to core deposits 60.67%
Equity capital to assets 62.33%
Core capital (leverage) ratio 6.99%
Tier 1 risk-based capital ratio 6.79%
Total risk-based capital ratio 11.07%
Average assets$12
Average earning assets$130,883
Average equity $11,283
Average loans $109,534
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5 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015342First National Community Bank701 North 3rd Avenue, Chatsworth, GA 30705August 18, 1975Full Service Brick and Mortar
1254062The Eton BranchU.S. 411 And State 286, Eton, GA 30724August 18, 1977Limited Service Facility
2254063Highway 76 Branch1162 Highway 76, Chatsworth, GA 30705August 01, 1986Limited Service Facility
3254064Dalton Office362 Northgate Drive, Dalton, GA 30721August 18, 1997Full Service Retail
4254065Tunnel Hill Branch3628 Chattanooga Road, Tunnel Hill, GA 30755July 06, 1999Full Service Brick and Mortar
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