First Piedmont Bank in Winder, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 17, 2009

  • First Piedmont Bank in Winder, Georgia (GA)
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First Piedmont Bank - Overview

  • General
  • FDIC Certificate #: 34594
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First American Bank and Trust Company (#16858)
    Federal Reserve ID: 2686828
    Date Established: April 15, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15628
    FDIC's unique #: 60758
    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: April 15, 1998
    Last Structure Change Effective Date: July 17, 2009
    Last Structure Change Process Date: July 20, 2009
    Last Data Update: July 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 65 East May 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 Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $114.1 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, 2008)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $122,806Total assets
  • $1,572Cash and due from depository institutions
  • $0Interest-bearing balances
  • $13,118Securities
  • $4,182Federal funds sold & reverse repurchase agreements
  • $81,685Net loans & leases
  • $1,933Loan loss allowance
  • $0Trading account assets
  • $4,633Bank premises and fixed assets
  • $14,989Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,627All other assets
  • $122,806Total liabilities and capital
  • $116,771Total liabilities
  • $114,203Total deposits
  • $107,587Interest-bearing deposits
  • $114,203Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $568All other liabilities
  • $6,035Total equity capital
  • $6,035Total bank equity capital
  • $6,035Perpetual preferred stock
  • $0Common stock
  • $3,632Surplus
  • $8,394Undivided profits
  • Memoranda
  • $-5,991Noncurrent loans and leases
  • $10,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,999Earning assets
  • $0Long-term assets (5+ years)
  • $746Average Assets, year-to-date
  • $98,985Average Assets, quarterly
  • $10,463Volatile liabilities
  • $129,363Insider loans
  • $126,001FHLB advances
  • $26,379Loans and leases held for sale
  • $1,269Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,845Total unused commitments
  • $0Restructured Loans and leases
  • $1,304Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $6,177Total interest income
  • $4,730Total interest expense
  • $1,447Net interest income
  • $3,719Provision for loan and lease losses
  • -$958Total noninterest income
  • $0Fiduciary activities
  • $138Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,096Additional noninterest income
  • $3,503Total noninterest expense
  • $1,783Salaries and employee benefits
  • $460Premises and equipment expense
  • $1,260Additional noninterest expense
  • -$6,733Pre-tax net operating income
  • $5Securities gains (losses)
  • -$500Applicable income taxes
  • -$6,228Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,228Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,950Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 4.28%Cost of funding earning assets
  • 1.31%Net interest margin
  • -0.87%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • -4.82%Net operating income to assets
  • -4.81%Return on assets (ROA)
  • -5.20%Pretax return on assets
  • -62.32%Return on equity (ROE)
  • -62.32%Retained earnings to average equity (YTD only)
  • 4.17%Net charge-offs to loans
  • 94.15%Credit loss provision to net charge-offs
  • -0.76%Efficiency ratio
  • 716,360Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 13.81%Noncurrent assets plus other real estate owned to assets
  • 23.60%Noncurrent loans to loans
  • 16.74%Net loans and leases to deposits
  • 71.53%Net loans and leases to core deposits
  • 93.01%Equity capital to assets
  • 4.91%Core capital (leverage) ratio
  • 4.59%Tier 1 risk-based capital ratio
  • 5.64%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $129,363Average earning assets
  • $9,993Average equity
  • $110,615Average loans

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