Northwest Georgia Bank in Ringgold, Georgia (GA), TN



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Northwest Georgia Bank routing number info

Table of contents:
Northwest Georgia Bank
GeneralFDIC 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
WWW: http://www.northwestgabank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)170
Total assets$523,843
Cash and due from depository institutions$42,176
Interest-bearing balances$27,995
Securities$209,786
Federal funds sold & reverse repurchase agreements$22,800
Net loans & leases$210,277
Loan loss allowance $9,885
Trading account assets$0
Bank premises and fixed assets$13,103
Other real estate owned$10,538
Goodwill and other intangibles$0
All other assets$15,163
Life insurance assets$523,843
Total liabilities and capital$492,710
Total liabilities$427,371
Total deposits$381,160
Interest-bearing deposits$427,371
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$63,000
Other borrowed funds $0
Subordinated debt $2,339
All other liabilities $31,133
Total equity capital$31,133
Total bank equity capital$31,133
Perpetual preferred stock$0
Common stock$500
Surplus$34,840
Undivided profits $-4,207
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $124
Income earned, not collected on loans $32,040
Earning assets $0
Long-term assets (5+ years) $1,311
Average Assets, year-to-date $470,858
Average Assets, quarterly $216,323
Volatile liabilities $541,071
Insider loans $517,107
FHLB advances $240,565
Loans and leases held for sale $504,785
Unused loan commitments $7,460
Tier 1 (core) risk-based capital $2,107
Tier 2 risk-based capital $25,512
Total risk weighted assets $2,116
Total unused commitments $3,237
Restructured Loans and leases $14,400
Derivatives$107
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $21,417
Total interest expense $7,383
Net interest income $14,034
Provision for loan and lease losses $10,434
Total noninterest income $2,980
Fiduciary activities $0
Service charges on deposit accounts $2,401
Trading account gains & fees $0
Additional noninterest income $579
Total noninterest expense $19,001
Salaries and employee benefits $9,504
Premises and equipment expense $2,207
Additional noninterest expense $7,290
Pre-tax net operating income -$12,421
Securities gains (losses) $736
Applicable income taxes $0
Income before extraordinary items -$11,685
Extraordinary gains - net $0
Net income attributable to bank -$11,685
Net charge-offs $0
Cash dividends -$11,685
Sale, conversion, retirement of capital stock, net $6,630
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.39%
Cost of funding earning assets 1.51%
Net interest margin 2.87%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 3.89%
Net operating income to assets -2.30%
Return on assets (ROA) -2.16%
Pretax return on assets -2.16%
Return on equity (ROE) -36.47%
Retained earnings to average equity (YTD only) -36.47%
Net charge-offs to loans 2.64%
Credit loss provision to net charge-offs 157.38%
Efficiency ratio-0.30%
Assets per employee$111,679
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.49%
Noncurrent assets plus other real estate owned to assets 30.85%
Noncurrent loans to loans 8.13%
Net loans and leases to deposits14.55%
Net loans and leases to core deposits 49.20%
Equity capital to assets 51.13%
Core capital (leverage) ratio 5.94%
Tier 1 risk-based capital ratio 5.05%
Total risk-based capital ratio 10.61%
Memoranda
Average assets$12
Average earning assets$541,071
Average equity $32,039
Average loans $488,349
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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
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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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