Northwest Georgia Bank in Ringgold, Georgia (GA), TN
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Northwest Georgia Bank in Ringgold, Georgia (GA), TN
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Northwest Georgia Bank - Overview

  • General
  • FDIC Certificate #: 9246
    Status: Active
    Federal Reserve ID: 712031
    Bank Holding Company (Regulatory Top Holder): N W Services Corporation (RSSDID: 1086001, Location: Ringgold, GA)
    Date Established: August 01, 1904
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: Yes)
    OTS Docket #: 12501
    FDIC's unique #: 5917
    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: January 01, 1934
    Last Structure Change Effective Date: September 16, 2010
    Last Structure Change Process Date: September 20, 2010
    Last Data Update: September 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5063 Alabama Highway, Ringgold, GA 30736
    County: Catoosa
    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): Chattanooga, TN-GA (#1560)
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
    CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
  • Financial Summary
  • Total assets: $523.8 mil
    Equity capital: $31.1 mil
    Deposits held in domestic offices: $427.4 mil
    Return on assets (ROA): -2.16% (-$11.3 mil)
    Quarterly return on assets: -2.98% (-$15.6 mil)
    Return on Equity (ROE): -36.47% (-$11.3 mil)
    Quarterly return on equity: -46.86% (-$14.5 mil)
    Net income: -$11.7 mil
    Quarterly Net income: -$3.9 mil
    Pretax return on assets: -2.16% (-$11,315.0 mil)
    Quarterly Pretax return on assets: -2.98% (-$15,610.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 170Total employees (full-time equivalent)
  • $523,843Total assets
  • $42,176Cash and due from depository institutions
  • $27,995Interest-bearing balances
  • $209,786Securities
  • $22,800Federal funds sold & reverse repurchase agreements
  • $210,277Net loans & leases
  • $9,885Loan loss allowance
  • $0Trading account assets
  • $13,103Bank premises and fixed assets
  • $10,538Other real estate owned
  • $0Goodwill and other intangibles
  • $523,843Life insurance assets
  • $15,163All other assets
  • $492,710Total liabilities and capital
  • $427,371Total liabilities
  • $381,160Total deposits
  • $427,371Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $63,000Trading liabilities
  • $0Other borrowed funds
  • $2,339Subordinated debt
  • $31,133All other liabilities
  • $31,133Total equity capital
  • $31,133Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $34,840Surplus
  • $-4,207Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $124Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32,040Income earned, not collected on loans
  • $0Earning assets
  • $1,311Long-term assets (5+ years)
  • $470,858Average Assets, year-to-date
  • $216,323Average Assets, quarterly
  • $541,071Volatile liabilities
  • $517,107Insider loans
  • $240,565FHLB advances
  • $504,785Loans and leases held for sale
  • $7,460Unused loan commitments
  • $2,107Tier 1 (core) risk-based capital
  • $25,512Tier 2 risk-based capital
  • $2,116Total risk weighted assets
  • $3,237Total unused commitments
  • $14,400Restructured Loans and leases
  • $107Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,417Total interest income
  • $7,383Total interest expense
  • $14,034Net interest income
  • $10,434Provision for loan and lease losses
  • $2,980Total noninterest income
  • $0Fiduciary activities
  • $2,401Service charges on deposit accounts
  • $0Trading account gains & fees
  • $579Additional noninterest income
  • $19,001Total noninterest expense
  • $9,504Salaries and employee benefits
  • $2,207Premises and equipment expense
  • $7,290Additional noninterest expense
  • -$12,421Pre-tax net operating income
  • $736Securities gains (losses)
  • $0Applicable income taxes
  • -$11,685Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,685Net income attributable to bank
  • $0Net charge-offs
  • -$11,685Cash dividends
  • $6,630Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 2.87%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • -2.30%Net operating income to assets
  • -2.16%Return on assets (ROA)
  • -2.16%Pretax return on assets
  • -36.47%Return on equity (ROE)
  • -36.47%Retained earnings to average equity (YTD only)
  • 2.64%Net charge-offs to loans
  • 157.38%Credit loss provision to net charge-offs
  • -0.30%Efficiency ratio
  • 111,679Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.49%Loss allowance to noncurrent loans
  • 30.85%Noncurrent assets plus other real estate owned to assets
  • 8.13%Noncurrent loans to loans
  • 14.55%Net loans and leases to deposits
  • 49.20%Net loans and leases to core deposits
  • 51.13%Equity capital to assets
  • 5.94%Core capital (leverage) ratio
  • 5.05%Tier 1 risk-based capital ratio
  • 10.61%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $541,071Average earning assets
  • $32,039Average equity
  • $488,349Average loans

List of branches

  • 6 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05917Northwest Georgia Bank5063 Alabama Highway, Ringgold, GA 30736August 01, 1904Full Service Brick and Mortar
    1219782Nashville Street Branch7731 Nashville St., Ringgold, GA 30736November 29, 1971Full Service Brick and Mortar
    2219783Fort Oglethorpe Branch898 Battlefield Parkway, Fort Oglethorpe, GA 30742March 18, 1974Full Service Brick and Mortar
    3219784East Ridge Branch1962 Mack Smith Road, Rossville, GA 30741September 16, 1983Full Service Brick and Mortar
    5360090Wal-Mart Super Center #2988 Branch2625 N. Highway 27, La Fayette, GA 30728October 11, 2000Full Service Brick and Mortar
    12429999Fort Oglethorpe Branch3610 Battlefield Parkway, Fort Oglethorpe, GA 30742December 15, 2003Full Service Brick and Mortar
  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    61561Hamilton Place Office7442 Shallowford Road, Chattanooga, TN 37421December 01, 1902Full Service Brick and Mortar
    13458863Hixson Branch1959 Northpoint Boulevard, Hixson, TN 37343Febuary 15, 2007Full Service Brick and Mortar
    14478460Ooltewah Branch5942 Reagan Lane, Ooltewah, TN 37363December 17, 2007Full Service Brick and Mortar
    15482176Manufacturer's Road Branch319 Manufacturer's Road, Chattanooga, TN 37405September 08, 2008Full Service Brick and Mortar

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