Southern Community Bank in Fayetteville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 2009

  • Southern Community Bank in Fayetteville, Georgia (GA)
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Southern Community Bank - Overview

  • General
  • FDIC Certificate #: 35251
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: United Community Bank (#16889)
    Federal Reserve ID: 2916365
    Date Established: June 02, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 76808
    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: June 02, 2000
    Last Structure Change Effective Date: June 19, 2009
    Last Structure Change Process Date: June 23, 2009
    Last Data Update: June 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 525 North Jeff Davis Drive, Fayetteville, GA 30214
    County: Fayette
    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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $371.7 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
  • 63Total employees (full-time equivalent)
  • $381,791Total assets
  • $11,709Cash and due from depository institutions
  • $7,506Interest-bearing balances
  • $71,778Securities
  • $19,312Federal funds sold & reverse repurchase agreements
  • $230,262Net loans & leases
  • $9,872Loan loss allowance
  • $0Trading account assets
  • $8,292Bank premises and fixed assets
  • $29,289Other real estate owned
  • $0Goodwill and other intangibles
  • $5,242Life insurance assets
  • $11,149All other assets
  • $381,791Total liabilities and capital
  • $363,927Total liabilities
  • $305,724Total deposits
  • $283,740Interest-bearing deposits
  • $305,724Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,929Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,000Other borrowed funds
  • $0Subordinated debt
  • $2,274All other liabilities
  • $17,864Total equity capital
  • $17,864Total bank equity capital
  • $17,864Perpetual preferred stock
  • $0Common stock
  • $4,055Surplus
  • $23,276Undivided profits
  • Memoranda
  • $-9,467Noncurrent loans and leases
  • $12,020Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55,984Earning assets
  • $0Long-term assets (5+ years)
  • $1,226Average Assets, year-to-date
  • $328,858Average Assets, quarterly
  • $70,152Volatile liabilities
  • $390,869Insider loans
  • $398,583FHLB advances
  • $156,649Loans and leases held for sale
  • $6,222Unused loan commitments
  • $50,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,020Total unused commitments
  • $390Restructured Loans and leases
  • $3,537Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $18,147Total interest income
  • $12,924Total interest expense
  • $5,223Net interest income
  • $9,373Provision for loan and lease losses
  • -$1,244Total noninterest income
  • $0Fiduciary activities
  • $633Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,877Additional noninterest income
  • $11,173Total noninterest expense
  • $5,256Salaries and employee benefits
  • $1,873Premises and equipment expense
  • $4,044Additional noninterest expense
  • -$16,567Pre-tax net operating income
  • $624Securities gains (losses)
  • $1,655Applicable income taxes
  • -$17,598Income before extraordinary items
  • $0Extraordinary gains - net
  • -$17,598Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,462Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 3.80%Cost of funding earning assets
  • 1.54%Net interest margin
  • -0.37%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -4.66%Net operating income to assets
  • -4.50%Return on assets (ROA)
  • -4.08%Pretax return on assets
  • -65.98%Return on equity (ROE)
  • -65.98%Retained earnings to average equity (YTD only)
  • 2.87%Net charge-offs to loans
  • 125.61%Credit loss provision to net charge-offs
  • -0.96%Efficiency ratio
  • 280,799Assets per employee
  • 6.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.11%Loss allowance to noncurrent loans
  • 17.63%Noncurrent assets plus other real estate owned to assets
  • 22.33%Noncurrent loans to loans
  • 23.31%Net loans and leases to deposits
  • 75.32%Net loans and leases to core deposits
  • 148.55%Equity capital to assets
  • 4.68%Core capital (leverage) ratio
  • 4.40%Tier 1 risk-based capital ratio
  • 6.18%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $390,869Average earning assets
  • $26,673Average equity
  • $339,822Average loans

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