Georgia Security Bank in city_name, state_name - Detailed Financial Reports, Location

Georgia Security Bank in Marietta, Georgia (GA)
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Georgia Security Bank - Overview

General
FDIC Certificate #: 27312
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Premier Bank (#26307)
Federal Reserve ID: 1214448
Date Established: August 15, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 39508
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: August 15, 1988
Last Structure Change Effective Date: November 05, 1993
Last Structure Change Process Date: November 23, 1993
Last Data Update: November 23, 1993
Data Source Date: April 05, 2012
Location
Address: 833 South Cobb Drive, Marietta, GA 30060
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)
Financial Summary
Total assets: $48.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$41,570Cash and due from depository institutions
$2,581Interest-bearing balances
$822Securities
$7,918Federal funds sold & reverse repurchase agreements
$3,940Net loans & leases
$24,989Loan loss allowance
$474Trading account assets
$0Bank premises and fixed assets
$1,110Other real estate owned
$455Goodwill and other intangibles
$575Life insurance assets
$2All other assets
$0Total liabilities and capital
$41,570Total liabilities
$35,949Total deposits
$35,740Interest-bearing deposits
$32,116Deposits held in domestic offices
35740.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$209Total equity capital
$209Total bank equity capital
$5,621Perpetual preferred stock
$0Common stock
$2,740Surplus
$2,740Undivided profits
Memoranda
$141Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$733Income earned, not collected on loans
$210Earning assets
$37,669Long-term assets (5+ years)
$519Average Assets, year-to-date
$40,979Average Assets, quarterly
$42,327Volatile liabilities
$9,320Insider loans
$25FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,219Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,619Total risk weighted assets
$28,998Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,196Total interest expense
$1,743Net interest income
$1,453Provision for loan and lease losses
$441Total noninterest income
$386Fiduciary activities
$0Service charges on deposit accounts
$350Trading account gains & fees
$0Additional noninterest income
$36Total noninterest expense
$1,357Salaries and employee benefits
$655Premises and equipment expense
$187Additional noninterest expense
$515Pre-tax net operating income
$41Securities gains (losses)
$0Applicable income taxes
$5Income before extraordinary items
$36Extraordinary gains - net
$0Net income attributable to bank
$36Net charge-offs
$361Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.66%Cost of funding earning assets
4.73%Net interest margin
3.94%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
3.68%Net operating income to assets
0.09%Return on assets (ROA)
0.09%Pretax return on assets
0.10%Return on equity (ROE)
0.65%Retained earnings to average equity (YTD only)
0.65%Net charge-offs to loans
1.46%Credit loss provision to net charge-offs
122.16%Efficiency ratio
73,627Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.86%Loss allowance to noncurrent loans
64.67%Noncurrent assets plus other real estate owned to assets
2.86%Noncurrent loans to loans
2.88%Net loans and leases to deposits
69.92%Net loans and leases to core deposits
94.58%Equity capital to assets
13.52%Core capital (leverage) ratio
13.23%Tier 1 risk-based capital ratio
19.38%Total risk-based capital ratio
Memoranda
$21Average assets
$40,979Average earning assets
$5,517Average equity
$36,886Average loans

Georgia Security Bank in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Georgia Security Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

Georgia Security Bank in Marietta, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

Georgia Security Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

Georgia Security Bank in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches