Providence Bank in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Providence Bank in Alpharetta, Georgia (GA)
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Providence Bank - Overview

  • General
  • FDIC Certificate #: 58189
    Status: Active
    Federal Reserve ID: 3438060
    Date Established: April 10, 2006
    WWW: http://www.providencebankga.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 441707
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 2006
    Last Structure Change Effective Date: April 10, 2006
    Last Structure Change Process Date: April 11, 2006
    Last Data Update: April 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4955 Windward Parkway, Alpharetta, GA 30004
    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
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $119.1 mil
    Equity capital: $11.1 mil
    Deposits held in domestic offices: $100.6 mil
    Return on assets (ROA): -0.84% (-$1.0 mil)
    Quarterly return on assets: 1.18% ($1.4 mil)
    Return on Equity (ROE): -8.90% (-$1.0 mil)
    Quarterly return on equity: 12.77% ($1.4 mil)
    Net income: -$1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -1.29% (-$1,536.9 mil)
    Quarterly Pretax return on assets: -0.62% (-$738.7 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
  • 11Total employees (full-time equivalent)
  • $119,142Total assets
  • $12,164Cash and due from depository institutions
  • $10,835Interest-bearing balances
  • $4,912Securities
  • $7,060Federal funds sold & reverse repurchase agreements
  • $65,528Net loans & leases
  • $1,340Loan loss allowance
  • $0Trading account assets
  • $2,749Bank premises and fixed assets
  • $21,399Other real estate owned
  • $0Goodwill and other intangibles
  • $119,141Life insurance assets
  • $5,330All other assets
  • $107,997Total liabilities and capital
  • $100,573Total liabilities
  • $95,002Total deposits
  • $100,573Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $424Subordinated debt
  • $11,144All other liabilities
  • $11,144Total equity capital
  • $11,144Total bank equity capital
  • $0Perpetual preferred stock
  • $8,794Common stock
  • $8,955Surplus
  • $-6,605Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,720Income earned, not collected on loans
  • $0Earning assets
  • $281Long-term assets (5+ years)
  • $88,335Average Assets, year-to-date
  • $3,894Average Assets, quarterly
  • $121,083Volatile liabilities
  • $118,394Insider loans
  • $93,547FHLB advances
  • $114,372Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,982Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,309Restructured Loans and leases
  • $925Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,511Total interest income
  • $1,291Total interest expense
  • $2,220Net interest income
  • $761Provision for loan and lease losses
  • $16Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$11Additional noninterest income
  • $3,031Total noninterest expense
  • $1,151Salaries and employee benefits
  • $312Premises and equipment expense
  • $1,568Additional noninterest expense
  • -$1,556Pre-tax net operating income
  • $0Securities gains (losses)
  • -$533Applicable income taxes
  • -$1,023Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,023Net income attributable to bank
  • $0Net charge-offs
  • -$1,023Cash dividends
  • $1,086Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.68%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.32%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • -0.84%Net operating income to assets
  • -0.84%Return on assets (ROA)
  • -1.29%Pretax return on assets
  • -8.90%Return on equity (ROE)
  • -8.90%Retained earnings to average equity (YTD only)
  • 1.43%Net charge-offs to loans
  • 70.07%Credit loss provision to net charge-offs
  • -0.73%Efficiency ratio
  • 135,555Assets per employee
  • 10.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 11.43%Noncurrent assets plus other real estate owned to assets
  • 27.80%Noncurrent loans to loans
  • 17.53%Net loans and leases to deposits
  • 65.15%Net loans and leases to core deposits
  • 65.99%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 8.53%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $121,083Average earning assets
  • $11,494Average equity
  • $95,495Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441707Providence Bank4955 Windward Parkway, Alpharetta, GA 30004April 10, 2006Full Service Brick and Mortar

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