Georgia Commerce Bank in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Georgia Commerce Bank - Overview

  • General
  • FDIC Certificate #: 57521
    Status: Active
    Federal Reserve ID: 3165320
    Bank Holding Company (Regulatory Top Holder): Georgia Commerce Bancshares, Inc. (RSSDID: 3165311, Location: Atlanta, GA)
    Date Established: July 01, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 364748
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 2003
    Last Structure Change Effective Date: September 02, 2011
    Last Structure Change Process Date: September 06, 2011
    Last Data Update: September 06, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3625 Cumberland Boulevard, Building Two, Atlanta, GA 30339
    County: Cobb
    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
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $628.2 mil
    Equity capital: $54.5 mil
    Deposits held in domestic offices: $552.4 mil
    Return on assets (ROA): 0.76% ($4.8 mil)
    Quarterly return on assets: 0.31% ($1.9 mil)
    Return on Equity (ROE): 7.34% ($4.0 mil)
    Quarterly return on equity: 3.50% ($1.9 mil)
    Net income: $3.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.22% ($7,663.7 mil)
    Quarterly Pretax return on assets: 0.48% ($3,015.2 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
  • 91Total employees (full-time equivalent)
  • $628,176Total assets
  • $33,635Cash and due from depository institutions
  • $14,603Interest-bearing balances
  • $91,667Securities
  • $72Federal funds sold & reverse repurchase agreements
  • $413,782Net loans & leases
  • $7,362Loan loss allowance
  • $0Trading account assets
  • $10,347Bank premises and fixed assets
  • $23,695Other real estate owned
  • $0Goodwill and other intangibles
  • $628,176Life insurance assets
  • $54,978All other assets
  • $573,704Total liabilities and capital
  • $552,392Total liabilities
  • $444,007Total deposits
  • $552,392Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,500Trading liabilities
  • $0Other borrowed funds
  • $1,812Subordinated debt
  • $54,472All other liabilities
  • $54,472Total equity capital
  • $54,472Total bank equity capital
  • $0Perpetual preferred stock
  • $6,000Common stock
  • $32,561Surplus
  • $15,911Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $411Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,246Income earned, not collected on loans
  • $0Earning assets
  • $1,819Long-term assets (5+ years)
  • $520,124Average Assets, year-to-date
  • $94,026Average Assets, quarterly
  • $495,634Volatile liabilities
  • $620,966Insider loans
  • $410,622FHLB advances
  • $625,907Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $54,067Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $52,049Restructured Loans and leases
  • $10,853Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,097Total interest income
  • $4,600Total interest expense
  • $19,497Net interest income
  • $4,478Provision for loan and lease losses
  • $6,023Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,892Additional noninterest income
  • $15,555Total noninterest expense
  • $7,612Salaries and employee benefits
  • $1,292Premises and equipment expense
  • $6,651Additional noninterest expense
  • $5,487Pre-tax net operating income
  • $578Securities gains (losses)
  • $2,301Applicable income taxes
  • $3,764Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,764Net income attributable to bank
  • $0Net charge-offs
  • $3,764Cash dividends
  • $2,445Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.41%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 3.52%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 7.34%Return on equity (ROE)
  • 7.34%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 183.15%Credit loss provision to net charge-offs
  • 4.08%Efficiency ratio
  • 60,952Assets per employee
  • 6.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 29.16%Noncurrent assets plus other real estate owned to assets
  • 7.79%Noncurrent loans to loans
  • 5.99%Net loans and leases to deposits
  • 74.91%Net loans and leases to core deposits
  • 81.67%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 13.17%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $495,634Average earning assets
  • $51,265Average equity
  • $442,142Average loans

List of branches

  • 6 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364748Georgia Commerce Bank3625 Cumberland Boulevard, Building Two, Atlanta, GA 30339July 01, 2003Full Service Brick and Mortar
    1469464Marietta Branch709 Canton Road, Marietta, GA 30060October 29, 2007Full Service Brick and Mortar
    2514310Buckhead Center2970 Peachtree Road, Nw, Suite 100, Atlanta, GA 30305November 18, 2010Full Service Brick and Mortar
    3445219Patriot Bank Of Georgia Branch2555 Peachtree Parkway, Cumming, GA 30041July 03, 2006Full Service Brick and Mortar
    4443123Creekside Bank Branch100 Springfield Drive, Woodstock, GA 30188July 24, 2006Full Service Brick and Mortar
    5480309Acworth Office Branch3590 Cobb Parkway Nw, Acworth, GA 30101April 28, 2008Full Service Brick and Mortar

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