Greater Rome Bank in Rome, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Greater Rome Bank - Overview

  • General
  • FDIC Certificate #: 34138
    Status: Active
    Federal Reserve ID: 2354323
    Bank Holding Company (Regulatory Top Holder): Greater Rome Bancshares, Inc. (RSSDID: 2349507, Location: Rome, GA)
    Date Established: Febuary 26, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14560
    FDIC's unique #: 56281
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 26, 1996
    Last Structure Change Effective Date: Febuary 05, 2007
    Last Structure Change Process Date: Febuary 05, 2007
    Last Data Update: Febuary 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1490 Martha Berry Boulevard, Rome, GA 30165
    County: Floyd
    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
    Core Based Statistical Area (CBSA): Rome, GA (#40660)
    CBSA Metro Statistical Area: Rome, GA (#40660)
  • Financial Summary
  • Total assets: $156.3 mil
    Equity capital: $13.6 mil
    Deposits held in domestic offices: $121.5 mil
    Return on assets (ROA): -1.47% (-$2.3 mil)
    Quarterly return on assets: -1.74% (-$2.7 mil)
    Return on Equity (ROE): -17.66% (-$2.5 mil)
    Quarterly return on equity: -20.10% (-$2.8 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -1.47% (-$2,298.2 mil)
    Quarterly Pretax return on assets: -1.74% (-$2,720.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 49Total employees (full-time equivalent)
  • $156,339Total assets
  • $17,354Cash and due from depository institutions
  • $7,800Interest-bearing balances
  • $38,984Securities
  • $3,880Federal funds sold & reverse repurchase agreements
  • $82,722Net loans & leases
  • $3,487Loan loss allowance
  • $0Trading account assets
  • $4,207Bank premises and fixed assets
  • $3,899Other real estate owned
  • $0Goodwill and other intangibles
  • $156,339Life insurance assets
  • $5,293All other assets
  • $142,750Total liabilities and capital
  • $121,477Total liabilities
  • $108,552Total deposits
  • $121,477Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,500Trading liabilities
  • $0Other borrowed funds
  • $1,773Subordinated debt
  • $13,589All other liabilities
  • $13,589Total equity capital
  • $13,589Total bank equity capital
  • $0Perpetual preferred stock
  • $3,986Common stock
  • $5,972Surplus
  • $3,631Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,065Income earned, not collected on loans
  • $0Earning assets
  • $615Long-term assets (5+ years)
  • $133,386Average Assets, year-to-date
  • $23,924Average Assets, quarterly
  • $162,422Volatile liabilities
  • $159,455Insider loans
  • $94,813FHLB advances
  • $161,050Loans and leases held for sale
  • $2,723Unused loan commitments
  • $2,723Tier 1 (core) risk-based capital
  • $12,987Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,964Restructured Loans and leases
  • $3,923Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,188Total interest income
  • $1,764Total interest expense
  • $5,424Net interest income
  • $3,322Provision for loan and lease losses
  • $1,025Total noninterest income
  • $0Fiduciary activities
  • $744Service charges on deposit accounts
  • -$157Trading account gains & fees
  • $438Additional noninterest income
  • $5,755Total noninterest expense
  • $2,879Salaries and employee benefits
  • $937Premises and equipment expense
  • $1,939Additional noninterest expense
  • -$2,628Pre-tax net operating income
  • $235Securities gains (losses)
  • $0Applicable income taxes
  • -$2,393Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,393Net income attributable to bank
  • $0Net charge-offs
  • -$2,393Cash dividends
  • $1,716Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • -1.62%Net operating income to assets
  • -1.47%Return on assets (ROA)
  • -1.47%Pretax return on assets
  • -17.66%Return on equity (ROE)
  • -17.66%Retained earnings to average equity (YTD only)
  • 1.94%Net charge-offs to loans
  • 193.59%Credit loss provision to net charge-offs
  • 0.40%Efficiency ratio
  • 89,239Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.04%Loss allowance to noncurrent loans
  • 85.78%Noncurrent assets plus other real estate owned to assets
  • 5.09%Noncurrent loans to loans
  • 4.72%Net loans and leases to deposits
  • 68.10%Net loans and leases to core deposits
  • 72.59%Equity capital to assets
  • 8.69%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 13.70%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $162,422Average earning assets
  • $13,549Average equity
  • $140,695Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056281Greater Rome Bank1490 Martha Berry Boulevard, Rome, GA 30165Febuary 26, 1996Full Service Brick and Mortar
    1290414East Rome Branch800 East Second Avenue, Rome, GA 30161June 03, 1998Full Service Brick and Mortar
    2356705Shorter Avenue Branch Office2518 Shorter Avenue, Rome, GA 30165May 18, 2000Full Service Brick and Mortar
    4521937Calhoun Branch305 West Belmont Drive, Calhoun, GA 30701May 02, 2011Full Service Brick and Mortar

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