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

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The First National Bank of Polk County routing number info

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The First National Bank of Polk County
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)48
Total assets$154,605
Cash and due from depository institutions$25,216
Interest-bearing balances$22,191
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$86,640
Loan loss allowance $2,898
Trading account assets$0
Bank premises and fixed assets$3,503
Other real estate owned$2,924
Goodwill and other intangibles$549
All other assets$6,986
Life insurance assets$154,605
Total liabilities and capital$139,513
Total liabilities$137,100
Total deposits$113,018
Interest-bearing deposits$137,100
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,413
All other liabilities $15,092
Total equity capital$15,092
Total bank equity capital$15,092
Perpetual preferred stock$0
Common stock$470
Undivided profits $-4,508
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 $4,304
Earning assets $0
Long-term assets (5+ years) $404
Average Assets, year-to-date $137,618
Average Assets, quarterly $52,977
Volatile liabilities $158,089
Insider loans $154,716
FHLB advances $84,844
Loans and leases held for sale $155,356
Unused loan commitments $4,324
Tier 1 (core) risk-based capital $4,324
Tier 2 risk-based capital $14,118
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,996
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,516
Total interest expense $698
Net interest income $5,818
Provision for loan and lease losses $954
Total noninterest income $442
Fiduciary activities $0
Service charges on deposit accounts $767
Trading account gains & fees $0
Additional noninterest income -$325
Total noninterest expense $5,593
Salaries and employee benefits $2,335
Premises and equipment expense $512
Additional noninterest expense $2,746
Pre-tax net operating income -$287
Securities gains (losses) $274
Applicable income taxes $0
Income before extraordinary items -$13
Extraordinary gains - net $0
Net income attributable to bank -$13
Net charge-offs $0
Cash dividends -$13
Sale, conversion, retirement of capital stock, net $1,127
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 assets4.68%
Cost of funding earning assets 0.50%
Net interest margin 4.18%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 4.02%
Net operating income to assets -0.18%
Return on assets (ROA) -0.01%
Pretax return on assets -0.01%
Return on equity (ROE) -0.09%
Retained earnings to average equity (YTD only) -0.09%
Net charge-offs to loans 1.16%
Credit loss provision to net charge-offs 84.65%
Efficiency ratio0.59%
Assets per employee$86,166
Cash dividends to net income (YTD only)3.22%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.24%
Noncurrent assets plus other real estate owned to assets 67.33%
Noncurrent loans to loans 4.68%
Net loans and leases to deposits4.81%
Net loans and leases to core deposits 63.19%
Equity capital to assets 64.14%
Core capital (leverage) ratio 9.76%
Tier 1 risk-based capital ratio 9.09%
Total risk-based capital ratio 16.64%
Average assets$18
Average earning assets$158,089
Average equity $15,134
Average loans $139,155
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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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