United Bank & Trust Company in Rockmart, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 25, 2008

  • United Bank & Trust Company in Rockmart, Georgia (GA)
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United Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 32739
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 1435412
    Date Established: January 16, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 11783
    FDIC's unique #: 45605
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 16, 1990
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: August 11, 2008
    Last Data Update: August 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 129 East Elm Street, Rockmart, GA 30153
    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
  • Financial Summary
  • Total assets: $102.6 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, 2007)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $116,782Total assets
  • $2,636Cash and due from depository institutions
  • $205Interest-bearing balances
  • $14,347Securities
  • $172Federal funds sold & reverse repurchase agreements
  • $93,990Net loans & leases
  • $1,613Loan loss allowance
  • $0Trading account assets
  • $1,428Bank premises and fixed assets
  • $1,733Other real estate owned
  • $0Goodwill and other intangibles
  • $246Life insurance assets
  • $2,476All other assets
  • $116,782Total liabilities and capital
  • $107,898Total liabilities
  • $90,097Total deposits
  • $81,905Interest-bearing deposits
  • $90,097Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,856Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $13,500Other borrowed funds
  • $0Subordinated debt
  • $2,445All other liabilities
  • $8,884Total equity capital
  • $8,884Total bank equity capital
  • $8,884Perpetual preferred stock
  • $0Common stock
  • $2,255Surplus
  • $5,968Undivided profits
  • Memoranda
  • $661Noncurrent loans and leases
  • $14,912Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,098Earning assets
  • $0Long-term assets (5+ years)
  • $746Average Assets, year-to-date
  • $108,714Average Assets, quarterly
  • $8,689Volatile liabilities
  • $115,096Insider loans
  • $117,607FHLB advances
  • $30,772Loans and leases held for sale
  • $3,347Unused loan commitments
  • $13,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,912Total unused commitments
  • $0Restructured Loans and leases
  • $1,229Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $8,640Total interest income
  • $4,362Total interest expense
  • $4,278Net interest income
  • $749Provision for loan and lease losses
  • $397Total noninterest income
  • $0Fiduciary activities
  • $479Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$82Additional noninterest income
  • $3,299Total noninterest expense
  • $1,677Salaries and employee benefits
  • $385Premises and equipment expense
  • $1,237Additional noninterest expense
  • $627Pre-tax net operating income
  • $0Securities gains (losses)
  • $149Applicable income taxes
  • $478Income before extraordinary items
  • $0Extraordinary gains - net
  • $478Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $81Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.06%Yield on earning assets
  • 4.07%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 5.68%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 772.16%Credit loss provision to net charge-offs
  • 14.19%Efficiency ratio
  • 70,567Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.95%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 76.88%Noncurrent assets plus other real estate owned to assets
  • 3.28%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 104.32%Net loans and leases to core deposits
  • 131.12%Equity capital to assets
  • 7.61%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 9.12%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $115,096Average earning assets
  • $8,412Average equity
  • $107,259Average loans

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