State Bank of Georgia in Fayetteville, Georgia (GA)



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State Bank of Georgia
GeneralFDIC Certificate #: 58599
Status: Active
Federal Reserve ID: 3650442
Date Established: November 05, 2007
WWW: http://www.sbgbanking.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 457849
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 05, 2007
Last Structure Change Effective Date: January 06, 2011
Last Structure Change Process Date: January 19, 2011
Last Data Update: January 19, 2011
Data Source Date: April 05, 2012
LocationAddress: 131 Gingercake Road, 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)
Financial SummaryTotal assets: $94.3 mil
Equity capital: $8.8 mil
Deposits held in domestic offices: $77.6 mil
Return on assets (ROA): -1.15% (-$1.1 mil)
Quarterly return on assets: -2.40% (-$2.3 mil)
Return on Equity (ROE): -12.58% (-$1.1 mil)
Quarterly return on equity: -25.72% (-$2.3 mil)
Net income: -$1.2 mil
Quarterly Net income: -$0.6 mil
Pretax return on assets: -1.15% (-$1,083.9 mil)
Quarterly Pretax return on assets: -2.51% (-$2,365.8 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)18
Total assets$94,255
Cash and due from depository institutions$9,663
Interest-bearing balances$8,984
Securities$13,857
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$65,569
Loan loss allowance $2,086
Trading account assets$0
Bank premises and fixed assets$1,462
Other real estate owned$2,548
Goodwill and other intangibles$0
All other assets$1,156
Life insurance assets$94,255
Total liabilities and capital$85,467
Total liabilities$77,642
Total deposits$74,498
Interest-bearing deposits$77,642
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,523
Other borrowed funds $0
Subordinated debt $302
All other liabilities $8,788
Total equity capital$8,788
Total bank equity capital$8,788
Perpetual preferred stock$1,053
Common stock$6,163
Surplus$7,737
Undivided profits $-6,165
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,340
Earning assets $0
Long-term assets (5+ years) $347
Average Assets, year-to-date $88,410
Average Assets, quarterly $10,151
Volatile liabilities $101,598
Insider loans $96,753
FHLB advances $70,617
Loans and leases held for sale $97,388
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,494
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,006
Derivatives$3,180
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,975
Total interest expense $1,318
Net interest income $3,657
Provision for loan and lease losses $784
Total noninterest income -$408
Fiduciary activities $0
Service charges on deposit accounts $73
Trading account gains & fees $0
Additional noninterest income -$481
Total noninterest expense $3,667
Salaries and employee benefits $1,655
Premises and equipment expense $199
Additional noninterest expense $1,813
Pre-tax net operating income -$1,202
Securities gains (losses) $34
Applicable income taxes $0
Income before extraordinary items -$1,168
Extraordinary gains - net $0
Net income attributable to bank -$1,168
Net charge-offs $0
Cash dividends -$1,168
Sale, conversion, retirement of capital stock, net $2,034
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 1.39%
Net interest margin 3.86%
Noninterest income to earning assets -0.43%
Noninterest expense to earning assets 3.87%
Net operating income to assets -1.18%
Return on assets (ROA) -1.15%
Pretax return on assets -1.15%
Return on equity (ROE) -12.58%
Retained earnings to average equity (YTD only) -12.58%
Net charge-offs to loans 2.76%
Credit loss provision to net charge-offs 38.54%
Efficiency ratio-0.21%
Assets per employee$112,865
Cash dividends to net income (YTD only)5.24%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.08%
Noncurrent assets plus other real estate owned to assets 32.90%
Noncurrent loans to loans 9.43%
Net loans and leases to deposits9.37%
Net loans and leases to core deposits 84.45%
Equity capital to assets 90.84%
Core capital (leverage) ratio 9.32%
Tier 1 risk-based capital ratio 8.72%
Total risk-based capital ratio 12.03%
Memoranda
Average assets$13
Average earning assets$101,598
Average equity $9,288
Average loans $94,712
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1 Georgia Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0457849State Bank Of Georgia131 Gingercake Road, Fayetteville, GA 30214November 05, 2007Full Service Brick and Mortar
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