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

  • Resurgens Bank in Atlanta, Georgia (GA)
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Resurgens Bank - Overview

  • General
  • FDIC Certificate #: 58750
    Status: Active
    Federal Reserve ID: 3717578
    Bank Holding Company (Regulatory Top Holder): Resurgens Bancorp (RSSDID: 3717569, Location: Atlanta, GA)
    Date Established: June 09, 2008
    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 #: 466527
    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: June 09, 2008
    Last Structure Change Effective Date: June 09, 2008
    Last Structure Change Process Date: June 10, 2008
    Last Data Update: June 10, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 Henderson Mill Road, Ne Suite 100, Atlanta, GA 30345
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $82.4 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $69.7 mil
    Return on assets (ROA): -0.36% (-$0.3 mil)
    Quarterly return on assets: 0.93% ($0.8 mil)
    Return on Equity (ROE): -2.69% (-$0.3 mil)
    Quarterly return on equity: 6.18% ($0.7 mil)
    Net income: -$0.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.36% (-$296.6 mil)
    Quarterly Pretax return on assets: 0.93% ($766.2 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
  • 15Total employees (full-time equivalent)
  • $82,385Total assets
  • $9,721Cash and due from depository institutions
  • $7,506Interest-bearing balances
  • $12,408Securities
  • $182Federal funds sold & reverse repurchase agreements
  • $57,885Net loans & leases
  • $1,747Loan loss allowance
  • $0Trading account assets
  • $265Bank premises and fixed assets
  • $142Other real estate owned
  • $0Goodwill and other intangibles
  • $82,385Life insurance assets
  • $1,782All other assets
  • $69,956Total liabilities and capital
  • $69,729Total liabilities
  • $64,042Total deposits
  • $69,729Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $227Subordinated debt
  • $12,429All other liabilities
  • $12,429Total equity capital
  • $12,429Total bank equity capital
  • $0Perpetual preferred stock
  • $6,125Common stock
  • $9,273Surplus
  • $-2,969Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,853Income earned, not collected on loans
  • $0Earning assets
  • $360Long-term assets (5+ years)
  • $77,981Average Assets, year-to-date
  • $14,760Average Assets, quarterly
  • $81,702Volatile liabilities
  • $81,944Insider loans
  • $63,474FHLB advances
  • $82,523Loans and leases held for sale
  • $1,075Unused loan commitments
  • $538Tier 1 (core) risk-based capital
  • $12,414Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $537Total unused commitments
  • $8,634Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,986Total interest income
  • $918Total interest expense
  • $3,068Net interest income
  • $993Provision for loan and lease losses
  • $180Total noninterest income
  • $0Fiduciary activities
  • $121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $2,568Total noninterest expense
  • $1,622Salaries and employee benefits
  • $206Premises and equipment expense
  • $740Additional noninterest expense
  • -$313Pre-tax net operating income
  • $16Securities gains (losses)
  • $0Applicable income taxes
  • -$297Income before extraordinary items
  • $0Extraordinary gains - net
  • -$297Net income attributable to bank
  • $0Net charge-offs
  • -$297Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • -0.38%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -2.69%Return on equity (ROE)
  • -2.69%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,064Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.93%Loss allowance to noncurrent loans
  • 94.28%Noncurrent assets plus other real estate owned to assets
  • 2.42%Noncurrent loans to loans
  • 3.11%Net loans and leases to deposits
  • 83.01%Net loans and leases to core deposits
  • 84.11%Equity capital to assets
  • 15.09%Core capital (leverage) ratio
  • 15.04%Tier 1 risk-based capital ratio
  • 19.56%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $81,702Average earning assets
  • $11,041Average equity
  • $78,254Average loans

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0466527Resurgens Bank2300 Henderson Mill Road, Ne Suite 100, Atlanta, GA 30345June 09, 2008Full Service Brick and Mortar

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