Greater Rome Bank in Rome, Georgia (GA)



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Greater Rome Bank routing number info

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Greater Rome Bank
GeneralFDIC 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
WWW: http://www.greaterromebank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)49
Total assets$156,339
Cash and due from depository institutions$17,354
Interest-bearing balances$7,800
Securities$38,984
Federal funds sold & reverse repurchase agreements$3,880
Net loans & leases$82,722
Loan loss allowance $3,487
Trading account assets$0
Bank premises and fixed assets$4,207
Other real estate owned$3,899
Goodwill and other intangibles$0
All other assets$5,293
Life insurance assets$156,339
Total liabilities and capital$142,750
Total liabilities$121,477
Total deposits$108,552
Interest-bearing deposits$121,477
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$19,500
Other borrowed funds $0
Subordinated debt $1,773
All other liabilities $13,589
Total equity capital$13,589
Total bank equity capital$13,589
Perpetual preferred stock$0
Common stock$3,986
Surplus$5,972
Undivided profits $3,631
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1
Income earned, not collected on loans $4,065
Earning assets $0
Long-term assets (5+ years) $615
Average Assets, year-to-date $133,386
Average Assets, quarterly $23,924
Volatile liabilities $162,422
Insider loans $159,455
FHLB advances $94,813
Loans and leases held for sale $161,050
Unused loan commitments $2,723
Tier 1 (core) risk-based capital $2,723
Tier 2 risk-based capital $12,987
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,964
Derivatives$3,923
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,188
Total interest expense $1,764
Net interest income $5,424
Provision for loan and lease losses $3,322
Total noninterest income $1,025
Fiduciary activities $0
Service charges on deposit accounts $744
Trading account gains & fees -$157
Additional noninterest income $438
Total noninterest expense $5,755
Salaries and employee benefits $2,879
Premises and equipment expense $937
Additional noninterest expense $1,939
Pre-tax net operating income -$2,628
Securities gains (losses) $235
Applicable income taxes $0
Income before extraordinary items -$2,393
Extraordinary gains - net $0
Net income attributable to bank -$2,393
Net charge-offs $0
Cash dividends -$2,393
Sale, conversion, retirement of capital stock, net $1,716
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 1.25%
Net interest margin 3.86%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 4.09%
Net operating income to assets -1.62%
Return on assets (ROA) -1.47%
Pretax return on assets -1.47%
Return on equity (ROE) -17.66%
Retained earnings to average equity (YTD only) -17.66%
Net charge-offs to loans 1.94%
Credit loss provision to net charge-offs 193.59%
Efficiency ratio0.40%
Assets per employee$89,239
Cash dividends to net income (YTD only)3.19%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.04%
Noncurrent assets plus other real estate owned to assets 85.78%
Noncurrent loans to loans 5.09%
Net loans and leases to deposits4.72%
Net loans and leases to core deposits 68.10%
Equity capital to assets 72.59%
Core capital (leverage) ratio 8.69%
Tier 1 risk-based capital ratio 8.06%
Total risk-based capital ratio 13.70%
Memoranda
Average assets$15
Average earning assets$162,422
Average equity $13,549
Average loans $140,695
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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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