FDIC Certificate #: 35080 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:RBC Bank (USA) (#33184) Federal Reserve ID: 2743824 Date Established: September 30, 1998 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14293 FDIC's unique #: 74657 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: September 30, 1998 Last Structure Change Effective Date: June 01, 2002 Last Structure Change Process Date: June 06, 2002 Last Data Update: June 06, 2002 Data Source Date: April 05, 2012
Location
Address: 3475 Piedmont Road, Lobby Level, Atlanta, GA 30305 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: $110.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
1Total employees (full-time equivalent)
$145,368Total assets
$25,952Cash and due from depository institutions
$24,274Interest-bearing balances
$9,838Securities
$0Federal funds sold & reverse repurchase agreements
$65,765Net loans & leases
$236Loan loss allowance
$0Trading account assets
$936Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$42,877All other assets
$145,368Total liabilities and capital
$85,623Total liabilities
$48,126Total deposits
$48,126Interest-bearing deposits
$48,126Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$27,929Other borrowed funds
$0Subordinated debt
$9,568All other liabilities
$59,745Total equity capital
$59,745Total bank equity capital
$59,745Perpetual preferred stock
$0Common stock
$10,000Surplus
$159,506Undivided profits
Memoranda
$-109,761Noncurrent loans and leases
$118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,338Earning assets
$0Long-term assets (5+ years)
$539Average Assets, year-to-date
$99,877Average Assets, quarterly
$0Volatile liabilities
$302,705Insider loans
$160,724FHLB advances
$37,729Loans and leases held for sale
$0Unused loan commitments
$27,929Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$118Total unused commitments
$0Restructured Loans and leases
$236Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$17,321Total interest income
$13,214Total interest expense
$4,107Net interest income
$1,261Provision for loan and lease losses
$3,357Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,357Additional noninterest income
$70,788Total noninterest expense
$22,057Salaries and employee benefits
$36,804Premises and equipment expense
$11,927Additional noninterest expense
-$64,585Pre-tax net operating income
$0Securities gains (losses)
-$22,383Applicable income taxes
-$42,202Income before extraordinary items
$0Extraordinary gains - net
-$42,202Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,696Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.11%Yield on earning assets
5.43%Cost of funding earning assets
1.69%Net interest margin
1.38%Noninterest income to earning assets
29.07%Noninterest expense to earning assets
-13.94%Net operating income to assets
-13.94%Return on assets (ROA)
-21.34%Pretax return on assets
-54.95%Return on equity (ROE)
-54.95%Retained earnings to average equity (YTD only)
1.09%Net charge-offs to loans
74.35%Credit loss provision to net charge-offs
-37.34%Efficiency ratio
922,079Assets per employee
145.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.36%Loss allowance to noncurrent loans
17.64%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
2.03%Net loans and leases to deposits
136.65%Net loans and leases to core deposits
171.59%Equity capital to assets
41.10%Core capital (leverage) ratio
41.02%Tier 1 risk-based capital ratio
67.39%Total risk-based capital ratio
Memoranda
$68Average assets
$302,705Average earning assets
$76,796Average equity
$243,483Average 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 Security First Network 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: