Southern National Bank in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2006

  • Southern National Bank in Marietta, Georgia (GA)
  • Show street view No street view available for this location

Southern National Bank - Overview

  • General
  • FDIC Certificate #: 34855
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Community Bank (#16889)
    Federal Reserve ID: 2698492
    Date Established: December 21, 1998
    WWW: http://www.southernnationalbank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 15989
    FDIC's unique #: 61818
    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: December 21, 1998
    Last Structure Change Effective Date: December 01, 2006
    Last Structure Change Process Date: December 12, 2006
    Last Data Update: December 12, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Cherokee Street, Marietta, GA 30090
    County: Cobb
    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: $345.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $269,599Total assets
  • $9,219Cash and due from depository institutions
  • $1,361Interest-bearing balances
  • $55,586Securities
  • $2,931Federal funds sold & reverse repurchase agreements
  • $192,572Net loans & leases
  • $3,846Loan loss allowance
  • $0Trading account assets
  • $6,317Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,974All other assets
  • $269,599Total liabilities and capital
  • $248,503Total liabilities
  • $241,613Total deposits
  • $218,476Interest-bearing deposits
  • $241,613Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,207Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,900Other borrowed funds
  • $0Subordinated debt
  • $1,783All other liabilities
  • $21,096Total equity capital
  • $21,096Total bank equity capital
  • $21,096Perpetual preferred stock
  • $0Common stock
  • $1,310Surplus
  • $11,790Undivided profits
  • Memoranda
  • $7,996Noncurrent loans and leases
  • $51,210Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,776Earning assets
  • $0Long-term assets (5+ years)
  • $1,531Average Assets, year-to-date
  • $252,450Average Assets, quarterly
  • $22,461Volatile liabilities
  • $265,817Insider loans
  • $278,464FHLB advances
  • $76,639Loans and leases held for sale
  • $0Unused loan commitments
  • $1,900Tier 1 (core) risk-based capital
  • $25,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $51,210Total unused commitments
  • $0Restructured Loans and leases
  • $2,689Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $17,514Total interest income
  • $6,645Total interest expense
  • $10,869Net interest income
  • $1,425Provision for loan and lease losses
  • $1,932Total noninterest income
  • $0Fiduciary activities
  • $158Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,774Additional noninterest income
  • $7,172Total noninterest expense
  • $4,992Salaries and employee benefits
  • $748Premises and equipment expense
  • $1,432Additional noninterest expense
  • $4,204Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,204Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,204Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$188Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.03%Yield on earning assets
  • 2.67%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 22.05%Return on equity (ROE)
  • 22.05%Retained earnings to average equity (YTD only)
  • -0.10%Net charge-offs to loans
  • -757.98%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,027Assets per employee
  • 5.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 101.85%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 79.70%Net loans and leases to core deposits
  • 114.50%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 6.76%Tier 1 risk-based capital ratio
  • 10.31%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $265,817Average earning assets
  • $19,068Average equity
  • $249,005Average loans

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