Silverton Bridge Bank, National Association in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 29, 2010

  • Silverton Bridge Bank, National Association in Atlanta, Georgia (GA)
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Silverton Bridge Bank, National Association - Overview

  • General
  • FDIC Certificate #: 58987
    Status: Inactive
    Federal Reserve ID: 3929812
    Date Established: May 01, 2009
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 490055
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 01, 2009
    Last Structure Change Effective Date: September 29, 2010
    Last Structure Change Process Date: October 29, 2010
    Last Data Update: October 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3284 Northside Pkwy Nw, Atlanta, GA 30327
    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
  • Other Liquidations and Closings
  • Financial Summary
  • Total assets: $700.3 mil

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 95Total employees (full-time equivalent)
  • $696,046Total assets
  • $364,290Cash and due from depository institutions
  • $362,740Interest-bearing balances
  • $87,116Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,763Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $233,877All other assets
  • $696,046Total liabilities and capital
  • $22,458Total liabilities
  • $22,458Total deposits
  • $0Interest-bearing deposits
  • $22,458Deposits held in domestic offices
  • 55.47%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $673,588Total equity capital
  • $673,588Total bank equity capital
  • $673,588Perpetual preferred stock
  • $0Common stock
  • $748,890Surplus
  • $0Undivided profits
  • Memoranda
  • $-75,302Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $233Average Assets, year-to-date
  • $460,619Average Assets, quarterly
  • $58,136Volatile liabilities
  • $1,242,620Insider loans
  • $720,452FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,677Total interest income
  • $8,148Total interest expense
  • -$1,471Net interest income
  • $0Provision for loan and lease losses
  • -$28,177Total noninterest income
  • $0Fiduciary activities
  • $866Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$29,043Additional noninterest income
  • $28,698Total noninterest expense
  • $13,804Salaries and employee benefits
  • $784Premises and equipment expense
  • $14,110Additional noninterest expense
  • -$58,346Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$58,346Income before extraordinary items
  • $0Extraordinary gains - net
  • -$58,346Net income attributable to bank
  • $0Net charge-offs
  • -$58,346Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.34%Yield on earning assets
  • 1.64%Cost of funding earning assets
  • -0.30%Net interest margin
  • -5.67%Noninterest income to earning assets
  • 5.78%Noninterest expense to earning assets
  • -4.70%Net operating income to assets
  • -4.70%Return on assets (ROA)
  • -4.70%Pretax return on assets
  • -8.55%Return on equity (ROE)
  • -8.55%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • -96,796Assets per employee
  • 7.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.93%Net loans and leases to core deposits
  • 47.93%Equity capital to assets
  • 96.77%Core capital (leverage) ratio
  • 123.45%Tier 1 risk-based capital ratio
  • 159.34%Total risk-based capital ratio
  • Memoranda
  • $159Average assets
  • $1,242,620Average earning assets
  • $682,253Average equity
  • $496,645Average loans

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