River City Bank in Rome, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


River City Bank - Overview

  • General
  • FDIC Certificate #: 58289
    Status: Active
    Federal Reserve ID: 3445901
    Bank Holding Company (Regulatory Top Holder): Rcb Financial Corporation (RSSDID: 3923539, Location: Rome, GA)
    Date Established: May 23, 2006
    WWW: http://www.rivercitybankonline.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 #: 445530
    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: May 23, 2006
    Last Structure Change Effective Date: May 23, 2006
    Last Structure Change Process Date: May 26, 2006
    Last Data Update: May 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 228 North Second Avenue, Rome, GA 30165
    County: Floyd
    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
    Core Based Statistical Area (CBSA): Rome, GA (#40660)
    CBSA Metro Statistical Area: Rome, GA (#40660)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $182.4 mil
    Equity capital: $20.2 mil
    Deposits held in domestic offices: $154.4 mil
    Return on assets (ROA): -3.06% (-$5.6 mil)
    Quarterly return on assets: -9.32% (-$17.0 mil)
    Return on Equity (ROE): -25.46% (-$5.1 mil)
    Quarterly return on equity: -78.93% (-$15.8 mil)
    Net income: -$6.3 mil
    Quarterly Net income: -$4.4 mil
    Pretax return on assets: -1.46% (-$2,662.7 mil)
    Quarterly Pretax return on assets: -0.15% (-$273.6 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
  • 34Total employees (full-time equivalent)
  • $182,378Total assets
  • $20,717Cash and due from depository institutions
  • $12,586Interest-bearing balances
  • $30,429Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $120,009Net loans & leases
  • $3,485Loan loss allowance
  • $0Trading account assets
  • $7,063Bank premises and fixed assets
  • $1,821Other real estate owned
  • $0Goodwill and other intangibles
  • $182,378Life insurance assets
  • $2,339All other assets
  • $162,149Total liabilities and capital
  • $154,447Total liabilities
  • $142,460Total deposits
  • $154,447Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 198.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,700Trading liabilities
  • $0Other borrowed funds
  • $804Subordinated debt
  • $20,229All other liabilities
  • $20,229Total equity capital
  • $20,229Total bank equity capital
  • $7,900Perpetual preferred stock
  • $10,663Common stock
  • $13,119Surplus
  • $-11,453Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,724Income earned, not collected on loans
  • $444Earning assets
  • $774Long-term assets (5+ years)
  • $163,024Average Assets, year-to-date
  • $30,948Average Assets, quarterly
  • $205,024Volatile liabilities
  • $190,357Insider loans
  • $126,790FHLB advances
  • $192,699Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,892Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,374Restructured Loans and leases
  • $8,404Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,119Total interest income
  • $2,620Total interest expense
  • $6,499Net interest income
  • $4,316Provision for loan and lease losses
  • $247Total noninterest income
  • $389Fiduciary activities
  • $116Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$258Additional noninterest income
  • $5,437Total noninterest expense
  • $2,397Salaries and employee benefits
  • $603Premises and equipment expense
  • $2,437Additional noninterest expense
  • -$3,007Pre-tax net operating income
  • $7Securities gains (losses)
  • $3,266Applicable income taxes
  • -$6,266Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,266Net income attributable to bank
  • $0Net charge-offs
  • -$6,266Cash dividends
  • $4,061Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • -3.06%Net operating income to assets
  • -3.06%Return on assets (ROA)
  • -1.46%Pretax return on assets
  • -25.46%Return on equity (ROE)
  • -25.46%Retained earnings to average equity (YTD only)
  • 2.84%Net charge-offs to loans
  • 106.28%Credit loss provision to net charge-offs
  • 0.32%Efficiency ratio
  • 80,596Assets per employee
  • 5.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.82%Loss allowance to noncurrent loans
  • 25.39%Noncurrent assets plus other real estate owned to assets
  • 8.52%Noncurrent loans to loans
  • 11.11%Net loans and leases to deposits
  • 77.70%Net loans and leases to core deposits
  • 80.26%Equity capital to assets
  • 11.09%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 15.69%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $205,024Average earning assets
  • $24,608Average equity
  • $184,648Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $79,438Managed Assets
  • 1Number of Accounts
  • $79,438Personal trust and agency accounts
  • $54,048Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $25,390Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 111Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Georgia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445530River City Bank228 North Second Avenue, Rome, GA 30165May 23, 2006Full Service Brick and Mortar

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