The Summit National Bank in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 2006

  • The Summit National Bank in Atlanta, Georgia (GA)
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The Summit National Bank - Overview

  • General
  • FDIC Certificate #: 27199
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Commercial Bank (#32469)
    Federal Reserve ID: 1167393
    Date Established: March 10, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 9152
    FDIC's unique #: 39102
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 10, 1988
    Last Structure Change Effective Date: December 29, 2006
    Last Structure Change Process Date: January 23, 2007
    Last Data Update: January 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4360 Chamblee-Dunwoody Road, Atlanta, GA 30341
    County: Dekalb
    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: $665.4 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, 2005)

  • Dollar figures in thousands
  • 133Total employees (full-time equivalent)
  • $526,303Total assets
  • $20,013Cash and due from depository institutions
  • $581Interest-bearing balances
  • $122,512Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $353,431Net loans & leases
  • $4,556Loan loss allowance
  • $0Trading account assets
  • $4,606Bank premises and fixed assets
  • $0Other real estate owned
  • $1,569Goodwill and other intangibles
  • $0Life insurance assets
  • $24,172All other assets
  • $526,303Total liabilities and capital
  • $478,849Total liabilities
  • $439,976Total deposits
  • $411,378Interest-bearing deposits
  • $439,976Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,717Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $10,156All other liabilities
  • $47,454Total equity capital
  • $47,454Total bank equity capital
  • $47,454Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $20,384Undivided profits
  • Memoranda
  • $25,570Noncurrent loans and leases
  • $46,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,182Earning assets
  • $578Long-term assets (5+ years)
  • $2,193Average Assets, year-to-date
  • $476,524Average Assets, quarterly
  • $181,155Volatile liabilities
  • $531,380Insider loans
  • $530,063FHLB advances
  • $148,137Loans and leases held for sale
  • $0Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $50,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $46,022Total unused commitments
  • $0Restructured Loans and leases
  • $4,581Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $31,260Total interest income
  • $9,485Total interest expense
  • $21,775Net interest income
  • $539Provision for loan and lease losses
  • $3,629Total noninterest income
  • $0Fiduciary activities
  • $1,360Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,269Additional noninterest income
  • $15,301Total noninterest expense
  • $8,002Salaries and employee benefits
  • $3,057Premises and equipment expense
  • $4,242Additional noninterest expense
  • $9,564Pre-tax net operating income
  • $3Securities gains (losses)
  • $2,750Applicable income taxes
  • $6,817Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,817Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $532Sale, conversion, retirement of capital stock, net
  • $1,175Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.49%Yield on earning assets
  • 1.97%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 12.45%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 101.32%Credit loss provision to net charge-offs
  • 18.99%Efficiency ratio
  • 60,231Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.24%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 385.45%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 80.33%Net loans and leases to core deposits
  • 113.81%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $531,380Average earning assets
  • $45,306Average equity
  • $481,838Average loans

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