Prime Bank, Federal Savings Bank in Decatur, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1993

  • Prime Bank, Federal Savings Bank in Decatur, Georgia (GA)
  • Show street view No street view available for this location

Prime Bank, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30164
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank of Georgia, National Association (#26382)
    Federal Reserve ID: 750172
    Date Established: July 31, 1941
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4869
    FDIC's unique #: 42998
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 31, 1941
    Last Structure Change Effective Date: Febuary 17, 1993
    Last Structure Change Process Date: Febuary 25, 1993
    Last Data Update: Febuary 25, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 West Ponce De Leon Avenue, Decatur, GA 30030
    County: Dekalb
    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)
  • Financial Summary
  • Total assets: $652.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $254Total assets
  • $652,803Cash and due from depository institutions
  • $12,725Interest-bearing balances
  • $2,694Securities
  • $215,473Federal funds sold & reverse repurchase agreements
  • $29,800Net loans & leases
  • $344,400Loan loss allowance
  • $3,870Trading account assets
  • $0Bank premises and fixed assets
  • $27,267Other real estate owned
  • $2,554Goodwill and other intangibles
  • $20,407Life insurance assets
  • $177All other assets
  • $0Total liabilities and capital
  • $652,803Total liabilities
  • $617,453Total deposits
  • $495,780Interest-bearing deposits
  • $480,343Deposits held in domestic offices
  • 495780.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $12,879Trading liabilities
  • $0Other borrowed funds
  • $101,481Subordinated debt
  • $0All other liabilities
  • $7,313Total equity capital
  • $7,313Total bank equity capital
  • $35,350Perpetual preferred stock
  • $0Common stock
  • $17Surplus
  • $14,496Undivided profits
  • Memoranda
  • $20,837Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,555Income earned, not collected on loans
  • $2,288Earning assets
  • $592,367Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $669,962Average Assets, quarterly
  • $659,089Volatile liabilities
  • $168,979Insider loans
  • $0FHLB advances
  • $80,099Loans and leases held for sale
  • $0Unused loan commitments
  • $86,141Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $35,173Total risk weighted assets
  • $419,872Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $51,042Total interest expense
  • $36,725Net interest income
  • $14,317Provision for loan and lease losses
  • $2,712Total noninterest income
  • -$179Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$179Total noninterest expense
  • $20,116Salaries and employee benefits
  • $8,344Premises and equipment expense
  • $5,228Additional noninterest expense
  • $6,544Pre-tax net operating income
  • -$8,690Securities gains (losses)
  • $5,446Applicable income taxes
  • -$1,242Income before extraordinary items
  • -$2,002Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,002Net charge-offs
  • $2,350Cash dividends
  • $500Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.39%Cost of funding earning assets
  • 6.04%Net interest margin
  • 2.35%Noninterest income to earning assets
  • -0.03%Noninterest expense to earning assets
  • 3.31%Net operating income to assets
  • -0.82%Return on assets (ROA)
  • -0.30%Pretax return on assets
  • -0.48%Return on equity (ROE)
  • -5.48%Retained earnings to average equity (YTD only)
  • -6.85%Net charge-offs to loans
  • 0.67%Credit loss provision to net charge-offs
  • 115.40%Efficiency ratio
  • 141,703Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -24.98%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 151.47%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 69.47%Net loans and leases to core deposits
  • 78.07%Equity capital to assets
  • 5.42%Core capital (leverage) ratio
  • 5.42%Tier 1 risk-based capital ratio
  • 8.38%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $669,962Average earning assets
  • $36,549Average equity
  • $608,237Average loans

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