FDIC Certificate #: 58274 Status: Active Federal Reserve ID: 3386143 Date Established: June 13, 2006 WWW:http://www.libertyfirst.us Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 445220 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: June 13, 2006 Last Structure Change Effective Date: December 31, 2009 Last Structure Change Process Date: April 30, 2010 Last Data Update: April 30, 2010 Data Source Date: April 05, 2012
Location
Address: 1901 West Spring Street, Monroe, GA 30655 County: Walton 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: $99.5 mil Equity capital: $11.4 mil Deposits held in domestic offices: $81.8 mil Return on assets (ROA): 0.63% ($0.6 mil) Quarterly return on assets: 0.85% ($0.8 mil) Return on Equity (ROE): 5.50% ($0.6 mil) Quarterly return on equity: 7.43% ($0.8 mil) Net income: $0.6 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.63% ($627.1 mil) Quarterly Pretax return on assets: 0.85% ($846.1 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$99,537Total assets
$774Cash and due from depository institutions
$0Interest-bearing balances
$26,445Securities
$321Federal funds sold & reverse repurchase agreements
$63,783Net loans & leases
$932Loan loss allowance
$0Trading account assets
$4,319Bank premises and fixed assets
$2,745Other real estate owned
$0Goodwill and other intangibles
$99,538Life insurance assets
$1,150All other assets
$88,188Total liabilities and capital
$81,750Total liabilities
$73,875Total deposits
$81,750Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,168Trading liabilities
$0Other borrowed funds
$270Subordinated debt
$11,350All other liabilities
$11,350Total equity capital
$11,350Total bank equity capital
$0Perpetual preferred stock
$5,709Common stock
$5,868Surplus
$-227Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,496Income earned, not collected on loans
$0Earning assets
$343Long-term assets (5+ years)
$90,549Average Assets, year-to-date
$25,920Average Assets, quarterly
$96,163Volatile liabilities
$99,598Insider loans
$67,358FHLB advances
$99,582Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,168Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,742Restructured Loans and leases
$2,821Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,540Total interest income
$1,110Total interest expense
$3,430Net interest income
$329Provision for loan and lease losses
$224Total noninterest income
$0Fiduciary activities
$181Service charges on deposit accounts
$0Trading account gains & fees
$43Additional noninterest income
$2,819Total noninterest expense
$1,169Salaries and employee benefits
$462Premises and equipment expense
$1,188Additional noninterest expense
$506Pre-tax net operating income
$99Securities gains (losses)
$0Applicable income taxes
$605Income before extraordinary items
$0Extraordinary gains - net
$605Net income attributable to bank
$0Net charge-offs
$605Cash dividends
$315Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.24%Yield on earning assets
1.28%Cost of funding earning assets
3.96%Net interest margin
0.26%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
0.53%Net operating income to assets
0.63%Return on assets (ROA)
0.63%Pretax return on assets
5.50%Return on equity (ROE)
5.50%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
104.44%Credit loss provision to net charge-offs
2.65%Efficiency ratio
77,148Assets per employee
6.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
20.73%Noncurrent assets plus other real estate owned to assets
7.27%Noncurrent loans to loans
6.95%Net loans and leases to deposits
78.02%Net loans and leases to core deposits
87.87%Equity capital to assets
11.40%Core capital (leverage) ratio
11.21%Tier 1 risk-based capital ratio
16.58%Total risk-based capital ratio
Memoranda
$18Average assets
$96,163Average earning assets
$11,000Average equity
$86,597Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
445220
Liberty First Bank
1901 West Spring Street, Monroe, GA 30655
June 13, 2006
Full Service Brick and Mortar
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