SunTrust Bank, Northwest Georgia, National Association in Rome, Georgia (GA)



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SunTrust Bank, Northwest Georgia, National Association
GeneralFDIC Certificate #: 2152
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SunTrust Bank (#867)
Federal Reserve ID: 717830
Date Established: September 11, 1877
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 13 (Interstate: No)
OTS Docket #: 14776
FDIC's unique #: 1421
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2000
Last Structure Change Process Date: March 29, 2000
Last Data Update: March 29, 2000
Data Source Date: April 05, 2012
LocationAddress: 100 East Second Avenue, Rome, GA 30162
County: Floyd
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
Core Based Statistical Area (CBSA): Rome, GA (#40660)
CBSA Metro Statistical Area: Rome, GA (#40660)
Financial SummaryTotal assets: $395.9 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)186
Total assets$395,865
Cash and due from depository institutions$28,485
Interest-bearing balances$332
Securities$75,489
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$279,575
Loan loss allowance $6,856
Trading account assets$0
Bank premises and fixed assets$5,657
Other real estate owned$58
Goodwill and other intangibles$0
All other assets$6,601
Life insurance assets$0
Total liabilities and capital$395,865
Total liabilities$366,537
Total deposits$293,614
Interest-bearing deposits$234,172
Deposits held in domestic offices$293,614
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $70,284
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,639
Total equity capital$29,328
Total bank equity capital$29,328
Perpetual preferred stock$29,328
Common stock$0
Surplus$2,500
Undivided profits $11,000
Memoranda
Noncurrent loans and leases $15,828
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $132,473
Income earned, not collected on loans $0
Earning assets $2,005
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,508
Average Assets, quarterly $355,396
Volatile liabilities $78,343
Insider loans $371,149
FHLB advances $380,569
Loans and leases held for sale $82,687
Unused loan commitments $11,044
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $1,481
Total unused commitments $132,473
Restructured Loans and leases $0
Derivatives$4,166
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $26,915
Total interest expense $9,884
Net interest income $17,031
Provision for loan and lease losses $1,940
Total noninterest income $8,056
Fiduciary activities $1,855
Service charges on deposit accounts $2,804
Trading account gains & fees $0
Additional noninterest income $3,397
Total noninterest expense $16,360
Salaries and employee benefits $6,970
Premises and equipment expense $1,969
Additional noninterest expense $7,421
Pre-tax net operating income $6,787
Securities gains (losses) -$551
Applicable income taxes $2,229
Income before extraordinary items $4,007
Extraordinary gains - net $0
Net income attributable to bank $4,007
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $252
Net operating income $6,000
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.84%
Cost of funding earning assets 2.88%
Net interest margin 4.96%
Noninterest income to earning assets 2.35%
Noninterest expense to earning assets 4.77%
Net operating income to assets 1.17%
Return on assets (ROA) 1.08%
Pretax return on assets 1.68%
Return on equity (ROE) 12.97%
Retained earnings to average equity (YTD only) -6.45%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 769.84%
Efficiency ratio34.63%
Assets per employee$65,213
Cash dividends to net income (YTD only)2.13%
Condition Ratios (%)
Loss allowance to loans 149.74%
Loss allowance to noncurrent loans 2.39%
Noncurrent assets plus other real estate owned to assets 341.95%
Noncurrent loans to loans 0.52%
Net loans and leases to deposits0.70%
Net loans and leases to core deposits 95.22%
Equity capital to assets 99.42%
Core capital (leverage) ratio 7.41%
Tier 1 risk-based capital ratio 7.79%
Total risk-based capital ratio 9.12%
Memoranda
Average assets$10
Average earning assets$371,149
Average equity $30,903
Average loans $343,326
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