First Union National Bank of Georgia in city_name, state_name

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
Corrections
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

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

First Union National Bank of Georgia - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

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

First Union National Bank of Georgia - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

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