The First National Bank of Polk County in Cedartown, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The First National Bank of Polk County in Cedartown, Georgia (GA)
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The First National Bank of Polk County - Overview

  • General
  • FDIC Certificate #: 2124
    Status: Active
    Federal Reserve ID: 165039
    Bank Holding Company (Regulatory Top Holder): Southcrest Financial Group, Inc. (RSSDID: 2497202, Location: Peachtree City, GA)
    Date Established: January 01, 1920
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 1399
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 967 North Main Street, Cedartown, GA 30125
    County: Polk
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Cedartown, GA (#16340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.6 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $137.1 mil
    Return on assets (ROA): -0.01% (-$0.0 mil)
    Quarterly return on assets: 0.89% ($1.4 mil)
    Return on Equity (ROE): -0.09% (-$0.0 mil)
    Quarterly return on equity: 9.17% ($1.4 mil)
    Net income: -$0.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: -0.01% (-$15.5 mil)
    Quarterly Pretax return on assets: 0.89% ($1,376.0 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, 2011)

  • Dollar figures in thousands
  • 48Total employees (full-time equivalent)
  • $154,605Total assets
  • $25,216Cash and due from depository institutions
  • $22,191Interest-bearing balances
  • $28,787Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $86,640Net loans & leases
  • $2,898Loan loss allowance
  • $0Trading account assets
  • $3,503Bank premises and fixed assets
  • $2,924Other real estate owned
  • $549Goodwill and other intangibles
  • $154,605Life insurance assets
  • $6,986All other assets
  • $139,513Total liabilities and capital
  • $137,100Total liabilities
  • $113,018Total deposits
  • $137,100Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,413Subordinated debt
  • $15,092All other liabilities
  • $15,092Total equity capital
  • $15,092Total bank equity capital
  • $0Perpetual preferred stock
  • $470Common stock
  • $19,130Surplus
  • $-4,508Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,304Income earned, not collected on loans
  • $0Earning assets
  • $404Long-term assets (5+ years)
  • $137,618Average Assets, year-to-date
  • $52,977Average Assets, quarterly
  • $158,089Volatile liabilities
  • $154,716Insider loans
  • $84,844FHLB advances
  • $155,356Loans and leases held for sale
  • $4,324Unused loan commitments
  • $4,324Tier 1 (core) risk-based capital
  • $14,118Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,996Restructured Loans and leases
  • $760Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,516Total interest income
  • $698Total interest expense
  • $5,818Net interest income
  • $954Provision for loan and lease losses
  • $442Total noninterest income
  • $0Fiduciary activities
  • $767Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$325Additional noninterest income
  • $5,593Total noninterest expense
  • $2,335Salaries and employee benefits
  • $512Premises and equipment expense
  • $2,746Additional noninterest expense
  • -$287Pre-tax net operating income
  • $274Securities gains (losses)
  • $0Applicable income taxes
  • -$13Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13Net income attributable to bank
  • $0Net charge-offs
  • -$13Cash dividends
  • $1,127Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.01%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • -0.09%Return on equity (ROE)
  • -0.09%Retained earnings to average equity (YTD only)
  • 1.16%Net charge-offs to loans
  • 84.65%Credit loss provision to net charge-offs
  • 0.59%Efficiency ratio
  • 86,166Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.24%Loss allowance to noncurrent loans
  • 67.33%Noncurrent assets plus other real estate owned to assets
  • 4.68%Noncurrent loans to loans
  • 4.81%Net loans and leases to deposits
  • 63.19%Net loans and leases to core deposits
  • 64.14%Equity capital to assets
  • 9.76%Core capital (leverage) ratio
  • 9.09%Tier 1 risk-based capital ratio
  • 16.64%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $158,089Average earning assets
  • $15,134Average equity
  • $139,155Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01399The First National Bank Of Polk Coun967 North Main Street, Cedartown, GA 30125January 01, 1920Full Service Brick and Mortar
    1191619Rockmart Branch131 West Elm Street, Rockmart, GA 30153September 17, 1973Full Service Brick and Mortar
    36434Downtown Branch117 West Avenue, Cedartown, GA 30125January 01, 1889Full Service Brick and Mortar

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