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


  • North Georgia National Bank in Calhoun, Georgia (GA)
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North Georgia National Bank - Overview

  • General
  • FDIC Certificate #: 34662
    Status: Active
    Federal Reserve ID: 2769954
    Bank Holding Company (Regulatory Top Holder): North Georgia Community Financial Partners, Inc. (RSSDID: 2908650, Location: Calhoun, GA)
    Date Established: Febuary 10, 1999
    WWW: http://www.ngnb.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 61114
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 10, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 350 West Belmont Drive, Calhoun, GA 30701
    County: Gordon
    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): Calhoun, GA (#15660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $132.5 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $114.8 mil
    Return on assets (ROA): -1.87% (-$2.5 mil)
    Quarterly return on assets: -4.80% (-$6.4 mil)
    Return on Equity (ROE): -18.11% (-$2.2 mil)
    Quarterly return on equity: -47.56% (-$5.7 mil)
    Net income: -$2.4 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -1.93% (-$2,557.5 mil)
    Quarterly Pretax return on assets: -3.94% (-$5,221.0 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
  • 31Total employees (full-time equivalent)
  • $132,512Total assets
  • $24,422Cash and due from depository institutions
  • $22,926Interest-bearing balances
  • $22,613Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $73,162Net loans & leases
  • $2,368Loan loss allowance
  • $0Trading account assets
  • $5,394Bank premises and fixed assets
  • $3,227Other real estate owned
  • $0Goodwill and other intangibles
  • $132,512Life insurance assets
  • $3,694All other assets
  • $120,600Total liabilities and capital
  • $114,795Total liabilities
  • $106,024Total deposits
  • $114,795Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 305.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,400Trading liabilities
  • $0Other borrowed funds
  • $1,100Subordinated debt
  • $11,912All other liabilities
  • $11,912Total equity capital
  • $11,912Total bank equity capital
  • $0Perpetual preferred stock
  • $4,515Common stock
  • $7,763Surplus
  • $-366Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,539Income earned, not collected on loans
  • $0Earning assets
  • $474Long-term assets (5+ years)
  • $118,701Average Assets, year-to-date
  • $15,969Average Assets, quarterly
  • $127,225Volatile liabilities
  • $125,722Insider loans
  • $81,729FHLB advances
  • $124,126Loans and leases held for sale
  • $1,407Unused loan commitments
  • $1,407Tier 1 (core) risk-based capital
  • $11,105Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,825Restructured Loans and leases
  • $1,251Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,781Total interest income
  • $1,695Total interest expense
  • $4,086Net interest income
  • $2,980Provision for loan and lease losses
  • $402Total noninterest income
  • $0Fiduciary activities
  • $467Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$65Additional noninterest income
  • $3,980Total noninterest expense
  • $1,547Salaries and employee benefits
  • $510Premises and equipment expense
  • $1,923Additional noninterest expense
  • -$2,472Pre-tax net operating income
  • $12Securities gains (losses)
  • -$77Applicable income taxes
  • -$2,383Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,383Net income attributable to bank
  • $0Net charge-offs
  • -$2,383Cash dividends
  • $2,796Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • -1.88%Net operating income to assets
  • -1.87%Return on assets (ROA)
  • -1.93%Pretax return on assets
  • -18.11%Return on equity (ROE)
  • -18.11%Retained earnings to average equity (YTD only)
  • 3.55%Net charge-offs to loans
  • 106.58%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 88,681Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.14%Loss allowance to noncurrent loans
  • 36.21%Noncurrent assets plus other real estate owned to assets
  • 7.37%Noncurrent loans to loans
  • 8.66%Net loans and leases to deposits
  • 63.73%Net loans and leases to core deposits
  • 76.09%Equity capital to assets
  • 8.99%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 13.59%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $127,225Average earning assets
  • $13,160Average equity
  • $112,605Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061114North Georgia National Bank350 West Belmont Drive, Calhoun, GA 30701Febuary 10, 1999Full Service Brick and Mortar
    1360936Messenger Service Branch350 West Belmont Drive, Calhoun, GA 30703Febuary 17, 2000Limited Service Messenger
    2433546Red Bud Road Branch100 Red Bud Road, Calhoun, GA 30703December 13, 2004Full Service Brick and Mortar
    3477894Downtown Calhoun Branch406 Court Street, Calhoun, GA 30701June 14, 2008Full Service Brick and Mortar

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