The Piedmont Bank in Norcross, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Piedmont Bank in Norcross, Georgia (GA)
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The Piedmont Bank - Overview

  • General
  • FDIC Certificate #: 58374
    Status: Active
    Federal Reserve ID: 3489035
    Bank Holding Company (Regulatory Top Holder): Piedmont Bancorp, Inc. (RSSDID: 3812035, Location: Norcross, GA)
    Date Established: November 06, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 448818
    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 06, 2006
    Last Structure Change Effective Date: January 05, 2012
    Last Structure Change Process Date: January 05, 2012
    Last Data Update: January 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 5100 Peachtree Parkway, Norcross, GA 30092
    County: Gwinnett
    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: $356.6 mil
    Equity capital: $43.4 mil
    Deposits held in domestic offices: $312.7 mil
    Return on assets (ROA): 0.22% ($0.8 mil)
    Quarterly return on assets: 0.32% ($1.1 mil)
    Return on Equity (ROE): 1.84% ($0.8 mil)
    Quarterly return on equity: 2.60% ($1.1 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.39% ($1,390.7 mil)
    Quarterly Pretax return on assets: 0.51% ($1,818.6 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
  • 50Total employees (full-time equivalent)
  • $356,592Total assets
  • $13,214Cash and due from depository institutions
  • $6,635Interest-bearing balances
  • $30,361Securities
  • $21,395Federal funds sold & reverse repurchase agreements
  • $239,466Net loans & leases
  • $1,858Loan loss allowance
  • $0Trading account assets
  • $8,866Bank premises and fixed assets
  • $26,272Other real estate owned
  • $5,018Goodwill and other intangibles
  • $356,592Life insurance assets
  • $12,000All other assets
  • $313,169Total liabilities and capital
  • $312,714Total liabilities
  • $288,661Total deposits
  • $312,714Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $455Subordinated debt
  • $43,423All other liabilities
  • $43,423Total equity capital
  • $43,423Total bank equity capital
  • $7,170Perpetual preferred stock
  • $37Common stock
  • $34,806Surplus
  • $1,410Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,489Income earned, not collected on loans
  • $0Earning assets
  • $977Long-term assets (5+ years)
  • $297,857Average Assets, year-to-date
  • $21,839Average Assets, quarterly
  • $352,387Volatile liabilities
  • $352,283Insider loans
  • $270,806FHLB advances
  • $342,371Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,818Restructured Loans and leases
  • $4,384Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,244Total interest income
  • $3,946Total interest expense
  • $11,298Net interest income
  • $481Provision for loan and lease losses
  • $952Total noninterest income
  • $0Fiduciary activities
  • $150Service charges on deposit accounts
  • $0Trading account gains & fees
  • $802Additional noninterest income
  • $10,389Total noninterest expense
  • $4,455Salaries and employee benefits
  • $1,591Premises and equipment expense
  • $4,343Additional noninterest expense
  • $1,380Pre-tax net operating income
  • $3Securities gains (losses)
  • $593Applicable income taxes
  • $790Income before extraordinary items
  • $0Extraordinary gains - net
  • $790Net income attributable to bank
  • $0Net charge-offs
  • $790Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 1.84%Return on equity (ROE)
  • 1.84%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 593.83%Credit loss provision to net charge-offs
  • 22.98%Efficiency ratio
  • 84,808Assets per employee
  • 7.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 12.82%Noncurrent assets plus other real estate owned to assets
  • 11.43%Noncurrent loans to loans
  • 6.00%Net loans and leases to deposits
  • 76.58%Net loans and leases to core deposits
  • 84.64%Equity capital to assets
  • 12.18%Core capital (leverage) ratio
  • 8.53%Tier 1 risk-based capital ratio
  • 10.78%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $352,387Average earning assets
  • $42,890Average equity
  • $295,931Average loans

List of branches

  • 3 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0448818The Piedmont Bank5100 Peachtree Parkway, Norcross, GA 30092November 06, 2006Full Service Brick and Mortar
    1494880Old Peachtree Road Office Branch1035 Old Peachtree Road, Nw, Lawrenceville, GA 30043July 06, 2009Full Service Brick and Mortar
    2499502Lawrenceville Branch185 Gwinnett Drive, Lawrenceville, GA 30046July 13, 2009Full Service Brick and Mortar

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