AFB&T in Athens, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • AFB&T in Athens, Georgia (GA)
  • Show street view No street view available for this location

AFB&T - Overview

  • General
  • FDIC Certificate #: 28225
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 947178
    Date Established: January 01, 1929
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 1181
    FDIC's unique #: 41059
    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: August 12, 1935
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 West Hancock Avenue, Athens, GA 30601
    County: Clarke
    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): Athens, GA (#500)
    Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020)
    CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
  • Financial Summary
  • Total assets: $1,538.2 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, 2009)

  • Dollar figures in thousands
  • 249Total employees (full-time equivalent)
  • $1,543,106Total assets
  • $27,515Cash and due from depository institutions
  • $7,990Interest-bearing balances
  • $135,234Securities
  • $11,045Federal funds sold & reverse repurchase agreements
  • $1,226,307Net loans & leases
  • $29,627Loan loss allowance
  • $0Trading account assets
  • $44,191Bank premises and fixed assets
  • $15,790Other real estate owned
  • $0Goodwill and other intangibles
  • $2,186Life insurance assets
  • $83,024All other assets
  • $1,543,106Total liabilities and capital
  • $1,418,098Total liabilities
  • $1,283,486Total deposits
  • $1,108,661Interest-bearing deposits
  • $1,283,486Deposits held in domestic offices
  • 82.64%% insured (estimated)
  • $23,747Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $100,000Other borrowed funds
  • $0Subordinated debt
  • $10,865All other liabilities
  • $125,008Total equity capital
  • $125,008Total bank equity capital
  • $125,008Perpetual preferred stock
  • $0Common stock
  • $1,661Surplus
  • $104,026Undivided profits
  • Memoranda
  • $19,321Noncurrent loans and leases
  • $176,181Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $64,160Earning assets
  • $0Long-term assets (5+ years)
  • $6,390Average Assets, year-to-date
  • $1,380,576Average Assets, quarterly
  • $186,774Volatile liabilities
  • $1,614,432Insider loans
  • $1,624,593FHLB advances
  • $357,506Loans and leases held for sale
  • $26,594Unused loan commitments
  • $100,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $176,181Total unused commitments
  • $25,801Restructured Loans and leases
  • $16,602Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $74,057Total interest income
  • $24,770Total interest expense
  • $49,287Net interest income
  • $51,210Provision for loan and lease losses
  • -$4,104Total noninterest income
  • $0Fiduciary activities
  • $8,184Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$12,288Additional noninterest income
  • $37,266Total noninterest expense
  • $16,077Salaries and employee benefits
  • $4,240Premises and equipment expense
  • $16,949Additional noninterest expense
  • -$43,293Pre-tax net operating income
  • $335Securities gains (losses)
  • -$16,137Applicable income taxes
  • -$26,821Income before extraordinary items
  • $0Extraordinary gains - net
  • -$26,821Net income attributable to bank
  • $0Net charge-offs
  • -$26,821Cash dividends
  • $38,813Sale, conversion, retirement of capital stock, net
  • $2,494Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 3.36%Net interest margin
  • -0.28%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • -1.67%Net operating income to assets
  • -1.66%Return on assets (ROA)
  • -2.66%Pretax return on assets
  • -19.86%Return on equity (ROE)
  • -21.71%Retained earnings to average equity (YTD only)
  • 3.00%Net charge-offs to loans
  • 131.94%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 82,478Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -9.30%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 46.18%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 5.11%Net loans and leases to deposits
  • 95.55%Net loans and leases to core deposits
  • 123.28%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 7.37%Tier 1 risk-based capital ratio
  • 9.21%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,614,432Average earning assets
  • $135,050Average equity
  • $1,465,127Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with AFB&T.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents