FDIC Certificate #: 31199 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First Bank (#27887) Federal Reserve ID: 959377 Date Established: August 04, 1960 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 6519 FDIC's unique #: 44033 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: August 04, 1960 Last Structure Change Effective Date: May 23, 2001 Last Structure Change Process Date: July 18, 2001 Last Data Update: July 18, 2001 Data Source Date: April 05, 2012
Location
Address: 8458 Campbellton Street, Douglasville, GA 30134 County: Douglas 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: $148.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
47Total employees (full-time equivalent)
$141,441Total assets
$5,157Cash and due from depository institutions
$4,413Interest-bearing balances
$15,463Securities
$0Federal funds sold & reverse repurchase agreements
$113,292Net loans & leases
$1,083Loan loss allowance
$0Trading account assets
$3,230Bank premises and fixed assets
$1,908Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,391All other assets
$141,441Total liabilities and capital
$121,640Total liabilities
$99,127Total deposits
$89,956Interest-bearing deposits
$99,127Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,500Other borrowed funds
$0Subordinated debt
$1,013All other liabilities
$19,801Total equity capital
$19,801Total bank equity capital
$19,801Perpetual preferred stock
$0Common stock
$1Surplus
$7,510Undivided profits
Memoranda
$12,290Noncurrent loans and leases
$15,261Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$271Earning assets
$0Long-term assets (5+ years)
$751Average Assets, year-to-date
$133,168Average Assets, quarterly
$0Volatile liabilities
$131,061Insider loans
$140,302FHLB advances
$49,339Loans and leases held for sale
$0Unused loan commitments
$21,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,261Total unused commitments
$7Restructured Loans and leases
$1,083Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$9,853Total interest income
$5,438Total interest expense
$4,415Net interest income
$83Provision for loan and lease losses
$777Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$777Additional noninterest income
$3,118Total noninterest expense
$1,736Salaries and employee benefits
$721Premises and equipment expense
$661Additional noninterest expense
$1,991Pre-tax net operating income
$337Securities gains (losses)
$756Applicable income taxes
$1,572Income before extraordinary items
$0Extraordinary gains - net
$1,572Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$57Sale, conversion, retirement of capital stock, net
$126Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.95%Yield on earning assets
4.39%Cost of funding earning assets
3.56%Net interest margin
0.63%Noninterest income to earning assets
2.52%Noninterest expense to earning assets
1.02%Net operating income to assets
1.20%Return on assets (ROA)
1.78%Pretax return on assets
8.36%Return on equity (ROE)
7.69%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
145.61%Credit loss provision to net charge-offs
36.39%Efficiency ratio
60,054Assets per employee
3.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.02%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
399.63%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.24%Net loans and leases to deposits
114.29%Net loans and leases to core deposits
158.92%Equity capital to assets
14.00%Core capital (leverage) ratio
12.65%Tier 1 risk-based capital ratio
19.04%Total risk-based capital ratio
Memoranda
$20Average assets
$131,061Average earning assets
$18,810Average equity
$123,893Average 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 Douglas Federal Bank, FSB.
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.
Comment about this bank, ask questions, or add new information about it: