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

Georgia Primary Bank - Overview

  • General
  • FDIC Certificate #: 58523
    Status: Active
    Federal Reserve ID: 3646397
    Date Established: October 22, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 455363
    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: October 22, 2007
    Last Structure Change Effective Date: October 22, 2007
    Last Structure Change Process Date: October 23, 2007
    Last Data Update: October 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 3880 Roswell Road, Atlanta, GA 30342
    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
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $279.6 mil
    Equity capital: $26.2 mil
    Deposits held in domestic offices: $253.0 mil
    Return on assets (ROA): -1.23% (-$3.4 mil)
    Quarterly return on assets: -3.78% (-$10.6 mil)
    Return on Equity (ROE): -12.46% (-$3.2 mil)
    Quarterly return on equity: -39.36% (-$10.2 mil)
    Net income: -$3.6 mil
    Quarterly Net income: -$2.7 mil
    Pretax return on assets: -1.70% (-$4,753.5 mil)
    Quarterly Pretax return on assets: -5.05% (-$14,120.8 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
  • 22Total employees (full-time equivalent)
  • $279,619Total assets
  • $32,079Cash and due from depository institutions
  • $30,509Interest-bearing balances
  • $4,255Securities
  • $250Federal funds sold & reverse repurchase agreements
  • $230,350Net loans & leases
  • $5,912Loan loss allowance
  • $0Trading account assets
  • $5,834Bank premises and fixed assets
  • $605Other real estate owned
  • $0Goodwill and other intangibles
  • $279,619Life insurance assets
  • $6,246All other assets
  • $253,408Total liabilities and capital
  • $252,969Total liabilities
  • $243,923Total deposits
  • $252,969Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $439Subordinated debt
  • $26,211All other liabilities
  • $26,211Total equity capital
  • $26,211Total bank equity capital
  • $6,008Perpetual preferred stock
  • $10,549Common stock
  • $12,832Surplus
  • $-3,178Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29,979Income earned, not collected on loans
  • $0Earning assets
  • $1,323Long-term assets (5+ years)
  • $265,364Average Assets, year-to-date
  • $26,117Average Assets, quarterly
  • $292,648Volatile liabilities
  • $286,882Insider loans
  • $242,256FHLB advances
  • $289,164Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,198Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,729Restructured Loans and leases
  • $7,910Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,764Total interest income
  • $3,256Total interest expense
  • $11,508Net interest income
  • $11,565Provision for loan and lease losses
  • $447Total noninterest income
  • $0Fiduciary activities
  • $114Service charges on deposit accounts
  • $0Trading account gains & fees
  • $333Additional noninterest income
  • $5,377Total noninterest expense
  • $2,648Salaries and employee benefits
  • $336Premises and equipment expense
  • $2,393Additional noninterest expense
  • -$4,987Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,400Applicable income taxes
  • -$3,587Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,587Net income attributable to bank
  • $0Net charge-offs
  • -$3,587Cash dividends
  • $11,544Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 1.92%Noninterest expense to earning assets
  • -1.23%Net operating income to assets
  • -1.23%Return on assets (ROA)
  • -1.70%Pretax return on assets
  • -12.46%Return on equity (ROE)
  • -12.46%Retained earnings to average equity (YTD only)
  • 4.65%Net charge-offs to loans
  • 100.18%Credit loss provision to net charge-offs
  • 0.57%Efficiency ratio
  • 44,776Assets per employee
  • 12.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.50%Loss allowance to noncurrent loans
  • 19.72%Noncurrent assets plus other real estate owned to assets
  • 10.94%Noncurrent loans to loans
  • 12.69%Net loans and leases to deposits
  • 91.06%Net loans and leases to core deposits
  • 95.06%Equity capital to assets
  • 9.37%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 10.81%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $292,648Average earning assets
  • $28,792Average equity
  • $280,288Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455363Georgia Primary Bank3880 Roswell Road, Atlanta, GA 30342October 22, 2007Full Service Brick and Mortar

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