First American Bank of Georgia, National Association (In Liquidation) in city_name, state_name

First American Bank of Georgia, National Association (In Liquidation) in Atlanta, Georgia (GA)
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First American Bank of Georgia, National Association (In Liquidation) - Overview

General
FDIC Certificate #: 11654
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank of Georgia (#20147)
Federal Reserve ID: 922634
Date Established: June 11, 1911
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 7447
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 31, 1993
Last Structure Change Process Date: November 19, 1993
Last Data Update: January 27, 1994
Data Source Date: April 05, 2012
Location
Address: 290 Interstate North Parkway, Suite 200, Atlanta, GA 30339
County: Fulton
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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $147.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$43Total assets
$153,238Cash and due from depository institutions
$2,415Interest-bearing balances
$0Securities
$2,353Federal funds sold & reverse repurchase agreements
$7,200Net loans & leases
$105,865Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$90Other real estate owned
$18,526Goodwill and other intangibles
$16,789Life insurance assets
$0All other assets
$0Total liabilities and capital
$153,238Total liabilities
$65,702Total deposits
$23,718Interest-bearing deposits
$23,718Deposits held in domestic offices
23718.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$37,902Subordinated debt
$0All other liabilities
$4,082Total equity capital
$4,082Total bank equity capital
$87,536Perpetual preferred stock
$0Common stock
$15,025Surplus
$63,421Undivided profits
Memoranda
$9,090Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,092Income earned, not collected on loans
$721Earning assets
$115,418Long-term assets (5+ years)
$14,625Average Assets, year-to-date
$672,132Average Assets, quarterly
$184,897Volatile liabilities
$37,863Insider loans
$50FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,566Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$87,536Total risk weighted assets
$135,806Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$31,314Total interest expense
$17,657Net interest income
$13,657Provision for loan and lease losses
$1,000Total noninterest income
$24,278Fiduciary activities
$557Service charges on deposit accounts
$3,897Trading account gains & fees
$365Additional noninterest income
$19,459Total noninterest expense
$28,974Salaries and employee benefits
$11,444Premises and equipment expense
$3,992Additional noninterest expense
$13,538Pre-tax net operating income
$7,961Securities gains (losses)
$6,172Applicable income taxes
-$284Income before extraordinary items
$14,417Extraordinary gains - net
$0Net income attributable to bank
$14,417Net charge-offs
$3,837Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
5.52%Cost of funding earning assets
3.11%Net interest margin
2.41%Noninterest income to earning assets
4.28%Noninterest expense to earning assets
5.11%Net operating income to assets
1.23%Return on assets (ROA)
2.14%Pretax return on assets
2.10%Return on equity (ROE)
17.41%Retained earnings to average equity (YTD only)
17.41%Net charge-offs to loans
1.10%Credit loss provision to net charge-offs
26.06%Efficiency ratio
76,378Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
16.72%Noncurrent loans to loans
6.70%Net loans and leases to deposits
446.35%Net loans and leases to core deposits
446.35%Equity capital to assets
57.12%Core capital (leverage) ratio
51.02%Tier 1 risk-based capital ratio
64.46%Total risk-based capital ratio
Memoranda
$64Average assets
$672,132Average earning assets
$82,790Average equity
$567,247Average loans

First American Bank of Georgia, National Association (In Liquidation) in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Georgia, National Association (In Liquidation) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First American Bank of Georgia, National Association (In Liquidation) in Atlanta, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Georgia, National Association (In Liquidation) - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First American Bank of Georgia, National Association (In Liquidation) in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches