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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with North Georgia Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents