Security Bank of North Fulton in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2009

  • Security Bank of North Fulton in Alpharetta, Georgia (GA)
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Security Bank of North Fulton - Overview

  • General
  • FDIC Certificate #: 57430
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: State Bank and Trust Company (#57870)
    Federal Reserve ID: 3150474
    Date Established: September 19, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 363539
    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: September 19, 2003
    Last Structure Change Effective Date: July 24, 2009
    Last Structure Change Process Date: July 27, 2009
    Last Data Update: July 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2380 Old Milton Parkway, Alpharetta, GA 30009
    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)
  • Financial Summary
  • Total assets: $190.6 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, 2008)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $200,685Total assets
  • $43,776Cash and due from depository institutions
  • $42,637Interest-bearing balances
  • $22,469Securities
  • $11Federal funds sold & reverse repurchase agreements
  • $122,555Net loans & leases
  • $3,051Loan loss allowance
  • $0Trading account assets
  • $7,733Bank premises and fixed assets
  • $1,932Other real estate owned
  • $389Goodwill and other intangibles
  • $0Life insurance assets
  • $1,820All other assets
  • $200,685Total liabilities and capital
  • $191,446Total liabilities
  • $180,086Total deposits
  • $174,540Interest-bearing deposits
  • $180,086Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $0Subordinated debt
  • $4,360All other liabilities
  • $9,239Total equity capital
  • $9,239Total bank equity capital
  • $9,239Perpetual preferred stock
  • $0Common stock
  • $5,900Surplus
  • $31,882Undivided profits
  • Memoranda
  • $-28,543Noncurrent loans and leases
  • $22,713Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,426Earning assets
  • $0Long-term assets (5+ years)
  • $656Average Assets, year-to-date
  • $187,672Average Assets, quarterly
  • $856Volatile liabilities
  • $189,922Insider loans
  • $198,888FHLB advances
  • $79,775Loans and leases held for sale
  • $3,017Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,713Total unused commitments
  • $0Restructured Loans and leases
  • $1,710Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $9,267Total interest income
  • $6,757Total interest expense
  • $2,510Net interest income
  • $4,407Provision for loan and lease losses
  • -$427Total noninterest income
  • $0Fiduciary activities
  • $68Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$495Additional noninterest income
  • $26,158Total noninterest expense
  • $1,995Salaries and employee benefits
  • $445Premises and equipment expense
  • $23,718Additional noninterest expense
  • -$28,482Pre-tax net operating income
  • $16Securities gains (losses)
  • $1,060Applicable income taxes
  • -$29,526Income before extraordinary items
  • $0Extraordinary gains - net
  • -$29,526Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,304Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 4.19%Cost of funding earning assets
  • 1.56%Net interest margin
  • -0.26%Noninterest income to earning assets
  • 16.23%Noninterest expense to earning assets
  • -15.55%Net operating income to assets
  • -15.55%Return on assets (ROA)
  • -14.99%Pretax return on assets
  • -130.72%Return on equity (ROE)
  • -131.83%Retained earnings to average equity (YTD only)
  • 2.49%Net charge-offs to loans
  • 133.38%Credit loss provision to net charge-offs
  • -7.29%Efficiency ratio
  • 195,055Assets per employee
  • 10.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -0.85%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 32.37%Noncurrent assets plus other real estate owned to assets
  • 5.66%Noncurrent loans to loans
  • 7.50%Net loans and leases to deposits
  • 68.05%Net loans and leases to core deposits
  • 122.18%Equity capital to assets
  • 4.60%Core capital (leverage) ratio
  • 4.45%Tier 1 risk-based capital ratio
  • 6.46%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $189,922Average earning assets
  • $22,587Average equity
  • $161,197Average loans

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