First Union National Bank of Georgia in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 05, 1997

  • First Union National Bank of Georgia in Atlanta, Georgia (GA)
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First Union National Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 20147
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Union National Bank (#4885)
    Federal Reserve ID: 390532
    Date Established: March 06, 1970
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 145 (Interstate: No)
    OTS Docket #: 10922
    FDIC's unique #: 13843
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: March 06, 1970
    Last Structure Change Effective Date: June 05, 1997
    Last Structure Change Process Date: June 13, 1997
    Last Data Update: June 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 999 Peachtree Street, Suite 1200, Atlanta, GA 30309
    County: Fulton
    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
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $11,099.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,162Total assets
  • $12,877,840Cash and due from depository institutions
  • $674,163Interest-bearing balances
  • $45,099Securities
  • $1,894,113Federal funds sold & reverse repurchase agreements
  • $54,862Net loans & leases
  • $9,673,640Loan loss allowance
  • $192,559Trading account assets
  • $1,264Bank premises and fixed assets
  • $144,598Other real estate owned
  • $7,498Goodwill and other intangibles
  • $343,713Life insurance assets
  • $83,989All other assets
  • $0Total liabilities and capital
  • $12,877,840Total liabilities
  • $12,158,473Total deposits
  • $7,777,204Interest-bearing deposits
  • $6,356,727Deposits held in domestic offices
  • 7777204.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $2,087,167Trading liabilities
  • $1,264Other borrowed funds
  • $1,737,610Subordinated debt
  • $251,325All other liabilities
  • $303,903Total equity capital
  • $303,903Total bank equity capital
  • $719,367Perpetual preferred stock
  • $0Common stock
  • $14,628Surplus
  • $424,799Undivided profits
  • Memoranda
  • $279,940Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $123,387Income earned, not collected on loans
  • $52,152Earning assets
  • $11,667,714Long-term assets (5+ years)
  • $2,545,020Average Assets, year-to-date
  • $12,598,493Average Assets, quarterly
  • $12,817,928Volatile liabilities
  • $3,087,468Insider loans
  • $125,120FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,213,623Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $676,231Total risk weighted assets
  • $10,083,687Total unused commitments
  • $0Restructured Loans and leases
  • $3,495,595Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $891,030Total interest expense
  • $439,807Net interest income
  • $451,223Provision for loan and lease losses
  • $216,000Total noninterest income
  • $282,712Fiduciary activities
  • $12,016Service charges on deposit accounts
  • $71,996Trading account gains & fees
  • $170Additional noninterest income
  • $198,530Total noninterest expense
  • $416,598Salaries and employee benefits
  • $93,576Premises and equipment expense
  • $36,657Additional noninterest expense
  • $286,365Pre-tax net operating income
  • $101,337Securities gains (losses)
  • -$12,280Applicable income taxes
  • $27,304Income before extraordinary items
  • $61,753Extraordinary gains - net
  • $0Net income attributable to bank
  • $61,753Net charge-offs
  • $153,699Cash dividends
  • $70,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 3.84%Net interest margin
  • 3.94%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 3.63%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 0.71%Return on equity (ROE)
  • 9.04%Retained earnings to average equity (YTD only)
  • -1.21%Net charge-offs to loans
  • 1.66%Credit loss provision to net charge-offs
  • 140.53%Efficiency ratio
  • 53,181Assets per employee
  • 5.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 113.35%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 156.06%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 124.38%Net loans and leases to core deposits
  • 138.23%Equity capital to assets
  • 5.59%Core capital (leverage) ratio
  • 5.38%Tier 1 risk-based capital ratio
  • 6.71%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $12,598,493Average earning assets
  • $683,445Average equity
  • $11,465,523Average loans

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