Independence Bank of Georgia in Braselton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Independence Bank of Georgia in Braselton, Georgia (GA)
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Independence Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 58736
    Status: Active
    Federal Reserve ID: 3824542
    Date Established: October 15, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 465440
    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 15, 2008
    Last Structure Change Effective Date: October 15, 2008
    Last Structure Change Process Date: October 16, 2008
    Last Data Update: October 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6323 Grand Hickory Drive, Suite 300d, Braselton, GA 30517
    County: Gwinnett
    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
    Change in FED-RSSD-ID
    New Institution
  • Financial Summary
  • Total assets: $121.9 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $104.8 mil
    Return on assets (ROA): 0.48% ($0.6 mil)
    Quarterly return on assets: 0.60% ($0.7 mil)
    Return on Equity (ROE): 3.26% ($0.6 mil)
    Quarterly return on equity: 4.34% ($0.7 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.49% ($597.2 mil)
    Quarterly Pretax return on assets: 0.61% ($743.5 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
  • 20Total employees (full-time equivalent)
  • $121,883Total assets
  • $14,493Cash and due from depository institutions
  • $11,252Interest-bearing balances
  • $22,310Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $81,753Net loans & leases
  • $1,206Loan loss allowance
  • $0Trading account assets
  • $1,196Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $121,883Life insurance assets
  • $631All other assets
  • $105,029Total liabilities and capital
  • $104,826Total liabilities
  • $96,248Total deposits
  • $104,826Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $203Subordinated debt
  • $16,854All other liabilities
  • $16,854Total equity capital
  • $16,854Total bank equity capital
  • $0Perpetual preferred stock
  • $9,460Common stock
  • $10,205Surplus
  • $-2,811Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $333Long-term assets (5+ years)
  • $116,815Average Assets, year-to-date
  • $26,615Average Assets, quarterly
  • $110,504Volatile liabilities
  • $120,627Insider loans
  • $82,532FHLB advances
  • $120,400Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,604Restructured Loans and leases
  • $6,909Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,280Total interest income
  • $1,118Total interest expense
  • $4,162Net interest income
  • $358Provision for loan and lease losses
  • $98Total noninterest income
  • $0Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $3,363Total noninterest expense
  • $1,924Salaries and employee benefits
  • $448Premises and equipment expense
  • $991Additional noninterest expense
  • $539Pre-tax net operating income
  • $0Securities gains (losses)
  • $7Applicable income taxes
  • $532Income before extraordinary items
  • $0Extraordinary gains - net
  • $532Net income attributable to bank
  • $0Net charge-offs
  • $532Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 3.26%Return on equity (ROE)
  • 3.26%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 78,944Assets per employee
  • 6.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 77.99%Net loans and leases to core deposits
  • 84.78%Equity capital to assets
  • 13.83%Core capital (leverage) ratio
  • 13.94%Tier 1 risk-based capital ratio
  • 20.34%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $110,504Average earning assets
  • $16,343Average equity
  • $106,422Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0465440Independence Bank Of Georgia6323 Grand Hickory Drive, Suite 300d, Braselton, GA 30517October 15, 2008Full Service Brick and Mortar
    1521321Gainesville Branch311 Green Street Nw, Suite 100, Gainesville, GA 30501Febuary 01, 2011Full Service Brick and Mortar

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