Southern Community Bank in Fayetteville, Georgia (GA)

Show street view No street view available for this location
Table of contents:
Southern Community Bank
GeneralFDIC 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
LocationAddress: 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 ChangesAbsorption - Assisted
Financial SummaryTotal 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)
Total employees (full-time equivalent)63
Total assets$381,791
Cash and due from depository institutions$11,709
Interest-bearing balances$7,506
Federal funds sold & reverse repurchase agreements$19,312
Net loans & leases$230,262
Loan loss allowance $9,872
Trading account assets$0
Bank premises and fixed assets$8,292
Other real estate owned$29,289
Goodwill and other intangibles$0
All other assets$11,149
Life insurance assets$5,242
Total liabilities and capital$381,791
Total liabilities$363,927
Total deposits$305,724
Interest-bearing deposits$283,740
Deposits held in domestic offices$305,724
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $5,929
Trading liabilities$0
Other borrowed funds $50,000
Subordinated debt $0
All other liabilities $2,274
Total equity capital$17,864
Total bank equity capital$17,864
Perpetual preferred stock$17,864
Common stock$0
Undivided profits $23,276
Noncurrent loans and leases $-9,467
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $12,020
Income earned, not collected on loans $0
Earning assets $55,984
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,226
Average Assets, quarterly $328,858
Volatile liabilities $70,152
Insider loans $390,869
FHLB advances $398,583
Loans and leases held for sale $156,649
Unused loan commitments $6,222
Tier 1 (core) risk-based capital $50,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $12,020
Restructured Loans and leases $390
Back to page top, Back to table top

Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $18,147
Total interest expense $12,924
Net interest income $5,223
Provision for loan and lease losses $9,373
Total noninterest income -$1,244
Fiduciary activities $0
Service charges on deposit accounts $633
Trading account gains & fees $0
Additional noninterest income -$1,877
Total noninterest expense $11,173
Salaries and employee benefits $5,256
Premises and equipment expense $1,873
Additional noninterest expense $4,044
Pre-tax net operating income -$16,567
Securities gains (losses) $624
Applicable income taxes $1,655
Income before extraordinary items -$17,598
Extraordinary gains - net $0
Net income attributable to bank -$17,598
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $7,462
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.34%
Cost of funding earning assets 3.80%
Net interest margin 1.54%
Noninterest income to earning assets -0.37%
Noninterest expense to earning assets 3.29%
Net operating income to assets -4.66%
Return on assets (ROA) -4.50%
Pretax return on assets -4.08%
Return on equity (ROE) -65.98%
Retained earnings to average equity (YTD only) -65.98%
Net charge-offs to loans 2.87%
Credit loss provision to net charge-offs 125.61%
Efficiency ratio-0.96%
Assets per employee$280,799
Cash dividends to net income (YTD only)6.06%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.11%
Noncurrent assets plus other real estate owned to assets 17.63%
Noncurrent loans to loans 22.33%
Net loans and leases to deposits23.31%
Net loans and leases to core deposits 75.32%
Equity capital to assets 148.55%
Core capital (leverage) ratio 4.68%
Tier 1 risk-based capital ratio 4.40%
Total risk-based capital ratio 6.18%
Average assets$7
Average earning assets$390,869
Average equity $26,673
Average loans $339,822
Back to page top, Back to table top

User Contributions:

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 Southern Community Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.