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

This bank is inactive as of September 25, 2009

  • Georgian Bank in Atlanta, Georgia (GA)
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Georgian Bank - Overview

  • General
  • FDIC Certificate #: 57151
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Citizens Bank and Trust Company, Inc. (#15504)
    Federal Reserve ID: 3030969
    Date Established: November 14, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 358566
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 14, 2001
    Last Structure Change Effective Date: September 25, 2009
    Last Structure Change Process Date: September 28, 2009
    Last Data Update: September 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3300 Cumberland Boulevard, 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
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $2,230.2 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, 2008)

  • Dollar figures in thousands
  • 190Total employees (full-time equivalent)
  • $2,242,028Total assets
  • $99,533Cash and due from depository institutions
  • $3,707Interest-bearing balances
  • $148,027Securities
  • $7,398Federal funds sold & reverse repurchase agreements
  • $1,867,065Net loans & leases
  • $22,017Loan loss allowance
  • $0Trading account assets
  • $37,433Bank premises and fixed assets
  • $42,822Other real estate owned
  • $1,055Goodwill and other intangibles
  • $2,211Life insurance assets
  • $38,695All other assets
  • $2,242,028Total liabilities and capital
  • $2,052,061Total liabilities
  • $1,921,602Total deposits
  • $1,764,595Interest-bearing deposits
  • $1,921,602Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,054Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $111,467Other borrowed funds
  • $0Subordinated debt
  • $8,938All other liabilities
  • $189,967Total equity capital
  • $189,967Total bank equity capital
  • $189,967Perpetual preferred stock
  • $0Common stock
  • $28,250Surplus
  • $111,955Undivided profits
  • Memoranda
  • $49,762Noncurrent loans and leases
  • $264,884Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $66,441Earning assets
  • $0Long-term assets (5+ years)
  • $12,485Average Assets, year-to-date
  • $2,026,197Average Assets, quarterly
  • $163,168Volatile liabilities
  • $2,134,785Insider loans
  • $2,193,617FHLB advances
  • $130,117Loans and leases held for sale
  • $30,027Unused loan commitments
  • $82,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $264,884Total unused commitments
  • $0Restructured Loans and leases
  • $22,017Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $118,623Total interest income
  • $66,560Total interest expense
  • $52,063Net interest income
  • $8,725Provision for loan and lease losses
  • -$896Total noninterest income
  • $0Fiduciary activities
  • $1,481Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,377Additional noninterest income
  • $36,862Total noninterest expense
  • $22,077Salaries and employee benefits
  • $4,786Premises and equipment expense
  • $9,999Additional noninterest expense
  • $5,580Pre-tax net operating income
  • $1,042Securities gains (losses)
  • $2,560Applicable income taxes
  • $4,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,062Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,937Sale, conversion, retirement of capital stock, net
  • $2,950Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.96%Yield on earning assets
  • 3.34%Cost of funding earning assets
  • 2.61%Net interest margin
  • -0.04%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 0.16%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.15%Return on equity (ROE)
  • 0.59%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 221.62%Credit loss provision to net charge-offs
  • 3.63%Efficiency ratio
  • 72,043Assets per employee
  • 11.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.62%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 33.14%Noncurrent assets plus other real estate owned to assets
  • 4.87%Noncurrent loans to loans
  • 3.52%Net loans and leases to deposits
  • 97.16%Net loans and leases to core deposits
  • 103.64%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 9.36%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $2,134,785Average earning assets
  • $189,344Average equity
  • $1,991,455Average loans

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