First National Community Bank in Chatsworth, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First National Community Bank in Chatsworth, Georgia (GA)
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First National Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Name Change
  • Financial Summary
  • Total 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
  • 56Total employees (full-time equivalent)
  • $127,719Total assets
  • $14,571Cash and due from depository institutions
  • $8,444Interest-bearing balances
  • $29,301Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,621Net loans & leases
  • $2,347Loan loss allowance
  • $0Trading account assets
  • $2,939Bank premises and fixed assets
  • $6,764Other real estate owned
  • $0Goodwill and other intangibles
  • $127,719Life insurance assets
  • $3,523All other assets
  • $118,790Total liabilities and capital
  • $116,393Total liabilities
  • $96,141Total deposits
  • $116,393Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $397Subordinated debt
  • $8,929All other liabilities
  • $8,929Total equity capital
  • $8,929Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $11,920Surplus
  • $-3,491Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $272Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,391Income earned, not collected on loans
  • $0Earning assets
  • $467Long-term assets (5+ years)
  • $108,366Average Assets, year-to-date
  • $21,598Average Assets, quarterly
  • $130,883Volatile liabilities
  • $130,497Insider loans
  • $80,147FHLB advances
  • $130,728Loans and leases held for sale
  • $1,738Unused loan commitments
  • $1,738Tier 1 (core) risk-based capital
  • $8,876Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,288Restructured Loans and leases
  • $1,111Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,640Total interest income
  • $921Total interest expense
  • $4,719Net interest income
  • $1,150Provision for loan and lease losses
  • -$1,459Total noninterest income
  • $0Fiduciary activities
  • $832Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,291Additional noninterest income
  • $5,862Total noninterest expense
  • $2,681Salaries and employee benefits
  • $855Premises and equipment expense
  • $2,326Additional noninterest expense
  • -$3,752Pre-tax net operating income
  • $7Securities gains (losses)
  • $2,400Applicable income taxes
  • -$6,145Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,145Net income attributable to bank
  • $0Net charge-offs
  • -$6,145Cash dividends
  • $1,427Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.31%Net interest margin
  • -1.33%Noninterest income to earning assets
  • 5.35%Noninterest expense to earning assets
  • -4.70%Net operating income to assets
  • -4.70%Return on assets (ROA)
  • -2.86%Pretax return on assets
  • -54.46%Return on equity (ROE)
  • -54.46%Retained earnings to average equity (YTD only)
  • 1.88%Net charge-offs to loans
  • 80.59%Credit loss provision to net charge-offs
  • -1.82%Efficiency ratio
  • 179,816Assets per employee
  • 2.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.22%Loss allowance to noncurrent loans
  • 31.75%Noncurrent assets plus other real estate owned to assets
  • 11.08%Noncurrent loans to loans
  • 10.13%Net loans and leases to deposits
  • 60.67%Net loans and leases to core deposits
  • 62.33%Equity capital to assets
  • 6.99%Core capital (leverage) ratio
  • 6.79%Tier 1 risk-based capital ratio
  • 11.07%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $130,883Average earning assets
  • $11,283Average equity
  • $109,534Average loans

List of branches

  • 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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