FDIC Certificate #: 58315 Status: Inactive Federal Reserve ID: 3441426 Date Established: November 13, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 446052 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 13, 2006 Last Structure Change Effective Date: December 18, 2009 Last Structure Change Process Date: December 22, 2009 Last Data Update: December 22, 2009 Data Source Date: April 05, 2012
Location
Address: 5607 Glenridge Drive, Suite 100, Atlanta, GA 30342 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $294.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
22Total employees (full-time equivalent)
$262,970Total assets
$732Cash and due from depository institutions
$0Interest-bearing balances
$17,466Securities
$15,317Federal funds sold & reverse repurchase agreements
$222,881Net loans & leases
$5,934Loan loss allowance
$0Trading account assets
$1,205Bank premises and fixed assets
$3,678Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,691All other assets
$262,970Total liabilities and capital
$236,462Total liabilities
$235,386Total deposits
$223,229Interest-bearing deposits
$235,386Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,076All other liabilities
$26,508Total equity capital
$26,508Total bank equity capital
$26,508Perpetual preferred stock
$0Common stock
$13,500Surplus
$19,997Undivided profits
Memoranda
$-6,989Noncurrent loans and leases
$35,687Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,245Earning assets
$0Long-term assets (5+ years)
$1,066Average Assets, year-to-date
$255,664Average Assets, quarterly
$23,931Volatile liabilities
$229,078Insider loans
$255,114FHLB advances
$93,742Loans and leases held for sale
$13,118Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,687Total unused commitments
$0Restructured Loans and leases
$3,063Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$13,406Total interest income
$8,741Total interest expense
$4,665Net interest income
$5,319Provision for loan and lease losses
$139Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$50Additional noninterest income
$5,036Total noninterest expense
$2,875Salaries and employee benefits
$495Premises and equipment expense
$1,666Additional noninterest expense
-$5,551Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$5,551Income before extraordinary items
$0Extraordinary gains - net
-$5,551Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,307Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.98%Yield on earning assets
3.90%Cost of funding earning assets
2.08%Net interest margin
0.06%Noninterest income to earning assets
2.25%Noninterest expense to earning assets
-2.42%Net operating income to assets
-2.42%Return on assets (ROA)
-2.42%Pretax return on assets
-21.57%Return on equity (ROE)
-21.57%Retained earnings to average equity (YTD only)
0.66%Net charge-offs to loans
406.96%Credit loss provision to net charge-offs
-0.18%Efficiency ratio
104,829Assets per employee
11.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
52.77%Noncurrent assets plus other real estate owned to assets
5.67%Noncurrent loans to loans
4.91%Net loans and leases to deposits
94.69%Net loans and leases to core deposits
157.35%Equity capital to assets
10.08%Core capital (leverage) ratio
9.93%Tier 1 risk-based capital ratio
10.85%Total risk-based capital ratio
Memoranda
$12Average assets
$229,078Average earning assets
$25,740Average equity
$224,195Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with RockBridge Commercial Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: