Georgia Banking Company in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Georgia Banking Company - Overview

  • General
  • FDIC Certificate #: 57071
    Status: Active
    Federal Reserve ID: 3016347
    Bank Holding Company (Regulatory Top Holder): Georgia Banking Company, Inc. (RSSDID: 3016338, Location: Atlanta, GA)
    Date Established: November 01, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 356828
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 01, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6190 Powers Ferry Road, Atlanta, GA 30339
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $290.5 mil
    Equity capital: $22.4 mil
    Deposits held in domestic offices: $243.8 mil
    Return on assets (ROA): -0.22% (-$0.6 mil)
    Quarterly return on assets: 0.47% ($1.4 mil)
    Return on Equity (ROE): -2.43% (-$0.5 mil)
    Quarterly return on equity: 5.84% ($1.3 mil)
    Net income: -$0.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.33% (-$958.5 mil)
    Quarterly Pretax return on assets: 0.76% ($2,207.4 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
  • 59Total employees (full-time equivalent)
  • $290,452Total assets
  • $3,629Cash and due from depository institutions
  • $2,309Interest-bearing balances
  • $25,564Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $249,298Net loans & leases
  • $1,754Loan loss allowance
  • $0Trading account assets
  • $1,809Bank premises and fixed assets
  • $6,058Other real estate owned
  • $0Goodwill and other intangibles
  • $290,452Life insurance assets
  • $4,094All other assets
  • $268,069Total liabilities and capital
  • $243,808Total liabilities
  • $226,443Total deposits
  • $243,808Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 3000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $1,261Subordinated debt
  • $22,383All other liabilities
  • $22,383Total equity capital
  • $22,383Total bank equity capital
  • $0Perpetual preferred stock
  • $9,742Common stock
  • $9,742Surplus
  • $2,899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $200,723Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,053Income earned, not collected on loans
  • $0Earning assets
  • $766Long-term assets (5+ years)
  • $277,171Average Assets, year-to-date
  • $31,756Average Assets, quarterly
  • $250,013Volatile liabilities
  • $277,429Insider loans
  • $151,221FHLB advances
  • $263,239Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,003Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,158Restructured Loans and leases
  • $100Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,330Total interest income
  • $2,973Total interest expense
  • $7,357Net interest income
  • $2,195Provision for loan and lease losses
  • $3,866Total noninterest income
  • $0Fiduciary activities
  • $34Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,832Additional noninterest income
  • $10,346Total noninterest expense
  • $4,832Salaries and employee benefits
  • $658Premises and equipment expense
  • $4,856Additional noninterest expense
  • -$1,318Pre-tax net operating income
  • $489Securities gains (losses)
  • -$285Applicable income taxes
  • -$544Income before extraordinary items
  • $0Extraordinary gains - net
  • -$544Net income attributable to bank
  • $0Net charge-offs
  • -$544Cash dividends
  • $2,039Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.13%Net interest margin
  • 1.64%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.22%Return on assets (ROA)
  • -0.33%Pretax return on assets
  • -2.43%Return on equity (ROE)
  • -2.43%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 107.65%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 92,186Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.70%Loss allowance to noncurrent loans
  • 19.37%Noncurrent assets plus other real estate owned to assets
  • 5.20%Noncurrent loans to loans
  • 3.61%Net loans and leases to deposits
  • 102.25%Net loans and leases to core deposits
  • 129.88%Equity capital to assets
  • 7.71%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 14.55%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $250,013Average earning assets
  • $22,347Average equity
  • $235,384Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356828Georgia Banking Company6190 Powers Ferry Road, Atlanta, GA 30339November 01, 2001Full Service Brick and Mortar
    3453008Griffin Branch1624 North Expressway, Griffin, GA 30223July 24, 2006Full Service Brick and Mortar

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