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
No
ID
Name
Address
Established
Service Type
Map
0
441707
Providence Bank
4955 Windward Parkway, Alpharetta, GA 30004
April 10, 2006
Full Service Brick and Mortar
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