WestSide Bank in Hiram, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


WestSide Bank - Overview

  • General
  • FDIC Certificate #: 58347
    Status: Active
    Federal Reserve ID: 3462458
    Date Established: August 08, 2006
    WWW: http://www.westsidebank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 446852
    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: August 08, 2006
    Last Structure Change Effective Date: November 13, 2007
    Last Structure Change Process Date: Febuary 06, 2008
    Last Data Update: Febuary 06, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 56 Hiram Drive, Hiram, GA 30141
    County: Paulding
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $141.1 mil
    Equity capital: $7.4 mil
    Deposits held in domestic offices: $133.2 mil
    Return on assets (ROA): -1.15% (-$1.6 mil)
    Quarterly return on assets: -1.46% (-$2.1 mil)
    Return on Equity (ROE): -19.80% (-$1.4 mil)
    Quarterly return on equity: -26.51% (-$1.9 mil)
    Net income: -$1.6 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.15% (-$1,622.4 mil)
    Quarterly Pretax return on assets: -1.46% (-$2,059.7 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
  • 18Total employees (full-time equivalent)
  • $141,075Total assets
  • $17,247Cash and due from depository institutions
  • $11,123Interest-bearing balances
  • $21,417Securities
  • $2,773Federal funds sold & reverse repurchase agreements
  • $87,710Net loans & leases
  • $1,790Loan loss allowance
  • $0Trading account assets
  • $4,497Bank premises and fixed assets
  • $5,851Other real estate owned
  • $0Goodwill and other intangibles
  • $141,075Life insurance assets
  • $1,580All other assets
  • $133,631Total liabilities and capital
  • $133,180Total liabilities
  • $118,008Total deposits
  • $133,180Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $451Subordinated debt
  • $7,444All other liabilities
  • $7,444Total equity capital
  • $7,444Total bank equity capital
  • $0Perpetual preferred stock
  • $10,208Common stock
  • $13,047Surplus
  • $-15,811Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,417Income earned, not collected on loans
  • $0Earning assets
  • $349Long-term assets (5+ years)
  • $123,023Average Assets, year-to-date
  • $31,519Average Assets, quarterly
  • $140,511Volatile liabilities
  • $140,308Insider loans
  • $100,659FHLB advances
  • $140,653Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,983Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,811Restructured Loans and leases
  • $1,916Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,233Total interest income
  • $2,109Total interest expense
  • $3,124Net interest income
  • $521Provision for loan and lease losses
  • $21Total noninterest income
  • $0Fiduciary activities
  • $269Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$248Additional noninterest income
  • $4,778Total noninterest expense
  • $1,555Salaries and employee benefits
  • $426Premises and equipment expense
  • $2,797Additional noninterest expense
  • -$2,154Pre-tax net operating income
  • $535Securities gains (losses)
  • $0Applicable income taxes
  • -$1,619Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,619Net income attributable to bank
  • $0Net charge-offs
  • -$1,619Cash dividends
  • $684Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.27%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 2.55%Net interest margin
  • 0.02%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • -1.53%Net operating income to assets
  • -1.15%Return on assets (ROA)
  • -1.15%Pretax return on assets
  • -19.80%Return on equity (ROE)
  • -19.80%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 76.17%Credit loss provision to net charge-offs
  • -2.39%Efficiency ratio
  • 151,924Assets per employee
  • 7.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 11.61%Noncurrent assets plus other real estate owned to assets
  • 15.08%Noncurrent loans to loans
  • 17.23%Net loans and leases to deposits
  • 65.86%Net loans and leases to core deposits
  • 84.40%Equity capital to assets
  • 5.28%Core capital (leverage) ratio
  • 4.96%Tier 1 risk-based capital ratio
  • 6.94%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $140,511Average earning assets
  • $8,177Average equity
  • $122,630Average loans

List of branches

  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446852Westside Bank56 Hiram Drive, Hiram, GA 30141August 08, 2006Full Service Brick and Mortar
    1481690Mableton Branch4901 Floyd Road, Mableton, GA 30126September 03, 2008Full Service Brick and Mortar

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