Southern Crescent Bank in Union City, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 26, 1997

  • Southern Crescent Bank in Union City, Georgia (GA)
  • Show street view No street view available for this location

Southern Crescent Bank - Overview

  • General
  • FDIC Certificate #: 27363
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Tucker Federal Bank (#30921)
    Federal Reserve ID: 1439335
    Date Established: October 31, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 13599
    FDIC's unique #: 39683
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 31, 1988
    Last Structure Change Effective Date: March 26, 1997
    Last Structure Change Process Date: May 02, 1997
    Last Data Update: May 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 4650 Jonesboro Road, Union City, GA 30291
    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: $140.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $67Total assets
  • $140,517Cash and due from depository institutions
  • $8,526Interest-bearing balances
  • $359Securities
  • $20,768Federal funds sold & reverse repurchase agreements
  • $4,150Net loans & leases
  • $98,571Loan loss allowance
  • $996Trading account assets
  • $0Bank premises and fixed assets
  • $5,531Other real estate owned
  • $431Goodwill and other intangibles
  • $2,308Life insurance assets
  • $232All other assets
  • $0Total liabilities and capital
  • $140,517Total liabilities
  • $130,253Total deposits
  • $124,729Interest-bearing deposits
  • $104,829Deposits held in domestic offices
  • 124729.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $3,130Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,394Total equity capital
  • $2,394Total bank equity capital
  • $10,264Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $4,826Undivided profits
  • Memoranda
  • $2,938Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $628Income earned, not collected on loans
  • $258Earning assets
  • $123,848Long-term assets (5+ years)
  • $11,351Average Assets, year-to-date
  • $129,173Average Assets, quarterly
  • $137,716Volatile liabilities
  • $20,812Insider loans
  • $3,093FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $26,662Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,052Total risk weighted assets
  • $116,224Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,876Total interest expense
  • $4,696Net interest income
  • $6,180Provision for loan and lease losses
  • $50Total noninterest income
  • $1,072Fiduciary activities
  • $0Service charges on deposit accounts
  • $700Trading account gains & fees
  • $0Additional noninterest income
  • $372Total noninterest expense
  • $4,814Salaries and employee benefits
  • $2,649Premises and equipment expense
  • $774Additional noninterest expense
  • $1,391Pre-tax net operating income
  • $2,388Securities gains (losses)
  • $40Applicable income taxes
  • $850Income before extraordinary items
  • $1,578Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,578Net charge-offs
  • $170Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.61%Cost of funding earning assets
  • 4.15%Net interest margin
  • 5.46%Noninterest income to earning assets
  • 0.95%Noninterest expense to earning assets
  • 4.25%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 16.88%Retained earnings to average equity (YTD only)
  • 16.88%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 29.41%Efficiency ratio
  • 65,927Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 158.60%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 79.03%Net loans and leases to core deposits
  • 92.08%Equity capital to assets
  • 7.30%Core capital (leverage) ratio
  • 7.23%Tier 1 risk-based capital ratio
  • 8.65%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $129,173Average earning assets
  • $9,349Average equity
  • $113,166Average loans

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