Signature Bank of Georgia in Sandy Springs, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Signature Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 58103
    Status: Active
    Federal Reserve ID: 3390627
    Bank Holding Company (Regulatory Top Holder): Signature Bancshares, Inc. (RSSDID: 3515149, Location: Sandy Springs, GA)
    Date Established: November 07, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 439724
    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: November 07, 2005
    Last Structure Change Effective Date: March 01, 2007
    Last Structure Change Process Date: March 21, 2007
    Last Data Update: March 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 6065 Roswell Road, Suite 110, Sandy Springs, GA 30328
    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
  • Participated in Reorganization
  • Financial Summary
  • Total assets: $172.8 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $154.3 mil
    Return on assets (ROA): -0.84% (-$1.5 mil)
    Quarterly return on assets: -0.79% (-$1.4 mil)
    Return on Equity (ROE): -14.40% (-$1.6 mil)
    Quarterly return on equity: -12.90% (-$1.4 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.84% (-$1,451.3 mil)
    Quarterly Pretax return on assets: -0.79% (-$1,364.9 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
  • 26Total employees (full-time equivalent)
  • $172,768Total assets
  • $19,318Cash and due from depository institutions
  • $1,664Interest-bearing balances
  • $49,326Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,236Net loans & leases
  • $2,044Loan loss allowance
  • $0Trading account assets
  • $4,397Bank premises and fixed assets
  • $10,681Other real estate owned
  • $0Goodwill and other intangibles
  • $172,768Life insurance assets
  • $1,810All other assets
  • $161,925Total liabilities and capital
  • $154,258Total liabilities
  • $126,616Total deposits
  • $154,258Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,200Trading liabilities
  • $0Other borrowed funds
  • $467Subordinated debt
  • $10,843All other liabilities
  • $10,843Total equity capital
  • $10,843Total bank equity capital
  • $0Perpetual preferred stock
  • $8,777Common stock
  • $25,830Surplus
  • $-23,764Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,288Income earned, not collected on loans
  • $0Earning assets
  • $650Long-term assets (5+ years)
  • $138,226Average Assets, year-to-date
  • $45,364Average Assets, quarterly
  • $183,371Volatile liabilities
  • $176,941Insider loans
  • $105,711FHLB advances
  • $176,687Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,013Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,963Restructured Loans and leases
  • $372Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,296Total interest income
  • $2,082Total interest expense
  • $5,214Net interest income
  • $1,144Provision for loan and lease losses
  • -$594Total noninterest income
  • $0Fiduciary activities
  • $112Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$706Additional noninterest income
  • $5,993Total noninterest expense
  • $2,547Salaries and employee benefits
  • $784Premises and equipment expense
  • $2,662Additional noninterest expense
  • -$2,517Pre-tax net operating income
  • $975Securities gains (losses)
  • $0Applicable income taxes
  • -$1,542Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,542Net income attributable to bank
  • $0Net charge-offs
  • -$1,542Cash dividends
  • $1,636Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.34%Net interest margin
  • -0.38%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • -1.37%Net operating income to assets
  • -0.84%Return on assets (ROA)
  • -0.84%Pretax return on assets
  • -14.40%Return on equity (ROE)
  • -14.40%Retained earnings to average equity (YTD only)
  • 1.55%Net charge-offs to loans
  • 69.93%Credit loss provision to net charge-offs
  • -0.84%Efficiency ratio
  • 129,719Assets per employee
  • 6.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 32.51%Noncurrent assets plus other real estate owned to assets
  • 9.82%Noncurrent loans to loans
  • 7.04%Net loans and leases to deposits
  • 56.55%Net loans and leases to core deposits
  • 58.53%Equity capital to assets
  • 6.28%Core capital (leverage) ratio
  • 5.67%Tier 1 risk-based capital ratio
  • 9.47%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $183,371Average earning assets
  • $10,708Average equity
  • $155,985Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439724Signature Bank Of Georgia6065 Roswell Road, Suite 110, Sandy Springs, GA 30328November 07, 2005Full Service Brick and Mortar
    1452048Sandy Springs Branch6065 Roswell Road, Suite 600, Sandy Springs, GA 30328May 04, 2006Limited Service Administrative
    2457586Dunwoody Branch1449 Dunwoody Village Parkway, Dunwoody, GA 30338December 20, 2006Full Service Brick and Mortar
    4474205Cumming Branch505 Peachtree Walkway, Cumming, GA 30041April 14, 2008Full Service Brick and Mortar

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