Tucker Federal Bank in Tucker, Georgia (GA)



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Tucker Federal Bank
GeneralFDIC Certificate #: 30921
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 704474
Date Established: December 18, 1956
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6117
FDIC's unique #: 43755
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: December 18, 1956
Last Structure Change Effective Date: July 22, 2002
Last Structure Change Process Date: August 01, 2002
Last Data Update: August 01, 2002
Data Source Date: April 05, 2012
LocationAddress: 2355 Main Street, Tucker, GA 30084
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 SummaryTotal assets: $1,072.5 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)248
Total assets$1,076,050
Cash and due from depository institutions$36,149
Interest-bearing balances$2,964
Securities$297,292
Federal funds sold & reverse repurchase agreements$100
Net loans & leases$699,311
Loan loss allowance $8,702
Trading account assets$0
Bank premises and fixed assets$18,917
Other real estate owned$580
Goodwill and other intangibles$0
All other assets$23,701
Life insurance assets$0
Total liabilities and capital$1,076,050
Total liabilities$1,002,934
Total deposits$798,614
Interest-bearing deposits$742,802
Deposits held in domestic offices$798,614
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $2,549
Trading liabilities$0
Other borrowed funds $193,837
Subordinated debt $0
All other liabilities $7,934
Total equity capital$73,116
Total bank equity capital$73,116
Perpetual preferred stock$73,116
Common stock$0
Surplus$812
Undivided profits $41,574
Memoranda
Noncurrent loans and leases $30,730
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $151,205
Income earned, not collected on loans $0
Earning assets $13,871
Long-term assets (5+ years) $0
Average Assets, year-to-date $5,681
Average Assets, quarterly $999,667
Volatile liabilities $0
Insider loans $1,112,383
FHLB advances $1,080,845
Loans and leases held for sale $430,873
Unused loan commitments $184
Tier 1 (core) risk-based capital $193,712
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $151,205
Restructured Loans and leases $2,865
Derivatives$8,751
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $76,879
Total interest expense $48,458
Net interest income $28,421
Provision for loan and lease losses $1,635
Total noninterest income $7,772
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $7,772
Total noninterest expense $32,404
Salaries and employee benefits $14,456
Premises and equipment expense $7,192
Additional noninterest expense $10,756
Pre-tax net operating income $2,154
Securities gains (losses) $260
Applicable income taxes $566
Income before extraordinary items $1,848
Extraordinary gains - net $0
Net income attributable to bank $1,848
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,339
Net operating income $0
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.41%
Cost of funding earning assets 4.67%
Net interest margin 2.74%
Noninterest income to earning assets 0.75%
Noninterest expense to earning assets 3.12%
Net operating income to assets 0.15%
Return on assets (ROA) 0.17%
Pretax return on assets 0.22%
Return on equity (ROE) 2.63%
Retained earnings to average equity (YTD only) 2.63%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 69.90%
Efficiency ratio1.62%
Assets per employee$89,462
Cash dividends to net income (YTD only)4.34%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.23%
Noncurrent assets plus other real estate owned to assets 62.74%
Noncurrent loans to loans 1.34%
Net loans and leases to deposits1.96%
Net loans and leases to core deposits 87.57%
Equity capital to assets 123.96%
Core capital (leverage) ratio 6.79%
Tier 1 risk-based capital ratio 6.71%
Total risk-based capital ratio 9.96%
Memoranda
Average assets$11
Average earning assets$1,112,383
Average equity $70,140
Average loans $1,037,283
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