Omni National Bank in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 27, 2009

  • Omni National Bank in Atlanta, Georgia (GA)
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Omni National Bank - Overview

  • General
  • FDIC Certificate #: 22238
    Status: Inactive
    Federal Reserve ID: 293026
    Date Established: March 08, 1976
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 15454
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 08, 1976
    Last Structure Change Effective Date: March 27, 2009
    Last Structure Change Process Date: November 24, 2010
    Last Data Update: November 24, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Concourse Parkway, Suite 100, Atlanta, GA 30328
    County: Fulton
    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): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Financial Difficulty - Payoff
    Office Sold
  • Financial Summary
  • Total assets: $979.6 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, 2008)

  • Dollar figures in thousands
  • 144Total employees (full-time equivalent)
  • $979,585Total assets
  • $102,074Cash and due from depository institutions
  • $100,903Interest-bearing balances
  • $166,868Securities
  • $5,604Federal funds sold & reverse repurchase agreements
  • $551,487Net loans & leases
  • $21,617Loan loss allowance
  • $0Trading account assets
  • $29,650Bank premises and fixed assets
  • $83,660Other real estate owned
  • $1,320Goodwill and other intangibles
  • $1,302Life insurance assets
  • $38,922All other assets
  • $979,585Total liabilities and capital
  • $930,716Total liabilities
  • $813,205Total deposits
  • $803,423Interest-bearing deposits
  • $813,205Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $105,000Other borrowed funds
  • $2,000Subordinated debt
  • $10,511All other liabilities
  • $48,869Total equity capital
  • $48,869Total bank equity capital
  • $48,869Perpetual preferred stock
  • $0Common stock
  • $3,674Surplus
  • $64,332Undivided profits
  • Memoranda
  • $-19,137Noncurrent loans and leases
  • $18,996Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $113,839Earning assets
  • $0Long-term assets (5+ years)
  • $3,816Average Assets, year-to-date
  • $824,862Average Assets, quarterly
  • $208,430Volatile liabilities
  • $986,003Insider loans
  • $1,006,580FHLB advances
  • $179,879Loans and leases held for sale
  • $0Unused loan commitments
  • $105,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,996Total unused commitments
  • $7,939Restructured Loans and leases
  • $11,165Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $54,157Total interest income
  • $40,783Total interest expense
  • $13,374Net interest income
  • $12,190Provision for loan and lease losses
  • $11,556Total noninterest income
  • $0Fiduciary activities
  • $750Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,806Additional noninterest income
  • $36,870Total noninterest expense
  • $15,052Salaries and employee benefits
  • $5,027Premises and equipment expense
  • $16,791Additional noninterest expense
  • -$24,130Pre-tax net operating income
  • $179Securities gains (losses)
  • -$9,383Applicable income taxes
  • -$14,568Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,568Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $19,826Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.44%Yield on earning assets
  • 4.85%Cost of funding earning assets
  • 1.59%Net interest margin
  • 1.38%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • -1.49%Net operating income to assets
  • -1.48%Return on assets (ROA)
  • -2.43%Pretax return on assets
  • -25.92%Return on equity (ROE)
  • -25.92%Retained earnings to average equity (YTD only)
  • 3.10%Net charge-offs to loans
  • 61.48%Credit loss provision to net charge-offs
  • -0.60%Efficiency ratio
  • 147,798Assets per employee
  • 6.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.77%Loss allowance to noncurrent loans
  • 18.99%Noncurrent assets plus other real estate owned to assets
  • 19.32%Noncurrent loans to loans
  • 19.86%Net loans and leases to deposits
  • 67.82%Net loans and leases to core deposits
  • 87.08%Equity capital to assets
  • 4.99%Core capital (leverage) ratio
  • 3.00%Tier 1 risk-based capital ratio
  • 4.24%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $986,003Average earning assets
  • $56,194Average equity
  • $840,333Average loans

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