North Georgia Bank in Watkinsville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 04, 2011

  • North Georgia Bank in Watkinsville, Georgia (GA)
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North Georgia Bank - Overview

  • General
  • FDIC Certificate #: 35242
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: BankSouth (#16418)
    Federal Reserve ID: 2905604
    Date Established: April 17, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 76799
    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: April 17, 2000
    Last Structure Change Effective Date: Febuary 04, 2011
    Last Structure Change Process Date: Febuary 07, 2011
    Last Data Update: Febuary 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7911 Macon Highway, Watkinsville, GA 30677
    County: Oconee
    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): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • Financial Summary
  • Total assets: $153.2 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, 2010)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $153,172Total assets
  • $14,159Cash and due from depository institutions
  • $1,767Interest-bearing balances
  • $18,710Securities
  • $4,100Federal funds sold & reverse repurchase agreements
  • $97,927Net loans & leases
  • $1,161Loan loss allowance
  • $0Trading account assets
  • $2,079Bank premises and fixed assets
  • $12,773Other real estate owned
  • $0Goodwill and other intangibles
  • $1,380Life insurance assets
  • $3,424All other assets
  • $153,172Total liabilities and capital
  • $152,632Total liabilities
  • $139,672Total deposits
  • $135,999Interest-bearing deposits
  • $139,672Deposits held in domestic offices
  • 98.81%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,654Other borrowed funds
  • $0Subordinated debt
  • $306All other liabilities
  • $540Total equity capital
  • $540Total bank equity capital
  • $540Perpetual preferred stock
  • $0Common stock
  • $2,683Surplus
  • $9,418Undivided profits
  • Memoranda
  • $-11,561Noncurrent loans and leases
  • $3,436Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,532Earning assets
  • $0Long-term assets (5+ years)
  • $557Average Assets, year-to-date
  • $122,504Average Assets, quarterly
  • $21,368Volatile liabilities
  • $167,974Insider loans
  • $159,752FHLB advances
  • $41,788Loans and leases held for sale
  • $1,776Unused loan commitments
  • $12,654Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $107Total risk weighted assets
  • $3,436Total unused commitments
  • $1,905Restructured Loans and leases
  • $879Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,074Total interest income
  • $4,160Total interest expense
  • $1,914Net interest income
  • $4,645Provision for loan and lease losses
  • $371Total noninterest income
  • $0Fiduciary activities
  • $109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $262Additional noninterest income
  • $5,550Total noninterest expense
  • $1,893Salaries and employee benefits
  • $542Premises and equipment expense
  • $3,115Additional noninterest expense
  • -$7,910Pre-tax net operating income
  • $317Securities gains (losses)
  • $0Applicable income taxes
  • -$7,593Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,593Net income attributable to bank
  • $0Net charge-offs
  • -$7,593Cash dividends
  • $6,147Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 2.89%Cost of funding earning assets
  • 1.33%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • -4.71%Net operating income to assets
  • -4.52%Return on assets (ROA)
  • -4.52%Pretax return on assets
  • -147.12%Return on equity (ROE)
  • -147.12%Retained earnings to average equity (YTD only)
  • 5.33%Net charge-offs to loans
  • 75.57%Credit loss provision to net charge-offs
  • -0.53%Efficiency ratio
  • 242,888Assets per employee
  • 5.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 4.07%Noncurrent assets plus other real estate owned to assets
  • 26.97%Noncurrent loans to loans
  • 28.79%Net loans and leases to deposits
  • 70.11%Net loans and leases to core deposits
  • 100.04%Equity capital to assets
  • 0.35%Core capital (leverage) ratio
  • 0.55%Tier 1 risk-based capital ratio
  • 0.83%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $167,974Average earning assets
  • $5,161Average equity
  • $143,833Average loans

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