First American Federal Savings Bank in Dalton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2000

First American Federal Savings Bank in Dalton, Georgia (GA)
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First American Federal Savings Bank - Overview

General
FDIC Certificate #: 27833
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: AmSouth Bank (#26800)
Federal Reserve ID: 641878
Date Established: January 01, 1920
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 360
FDIC's unique #: 40667
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 11, 1935
Last Structure Change Effective Date: March 31, 2000
Last Structure Change Process Date: May 18, 2000
Last Data Update: May 18, 2000
Data Source Date: April 05, 2012
Location
Address: 101 North Hamilton Street, Dalton, GA 30720
County: Whitfield
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Dalton, GA (#19140)
CBSA Metro Statistical Area: Dalton, GA (#19140)
Financial Summary
Total assets: $207.8 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, 1999)

Dollar figures in thousands
16Total employees (full-time equivalent)
$207,779Total assets
$9,310Cash and due from depository institutions
$1,191Interest-bearing balances
$80,959Securities
$12,918Federal funds sold & reverse repurchase agreements
$87,768Net loans & leases
$2,276Loan loss allowance
$0Trading account assets
$2,686Bank premises and fixed assets
$22Other real estate owned
$6,370Goodwill and other intangibles
$0Life insurance assets
$7,746All other assets
$207,779Total liabilities and capital
$159,688Total liabilities
$104,224Total deposits
$104,224Interest-bearing deposits
$104,224Deposits held in domestic offices
0.00%% insured (estimated)
$45,967Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$9,497All other liabilities
$48,091Total equity capital
$48,091Total bank equity capital
$48,091Perpetual preferred stock
$0Common stock
$0Surplus
$63,405Undivided profits
Memoranda
$-15,314Noncurrent loans and leases
$17,601Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,396Earning assets
$0Long-term assets (5+ years)
$489Average Assets, year-to-date
$182,836Average Assets, quarterly
$0Volatile liabilities
$243,497Insider loans
$243,676FHLB advances
$60,011Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,601Total unused commitments
$0Restructured Loans and leases
$1,217Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$15,884Total interest income
$9,031Total interest expense
$6,853Net interest income
$360Provision for loan and lease losses
$1,046Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,046Additional noninterest income
$6,803Total noninterest expense
$1,610Salaries and employee benefits
$804Premises and equipment expense
$4,389Additional noninterest expense
$736Pre-tax net operating income
$0Securities gains (losses)
$687Applicable income taxes
$49Income before extraordinary items
$0Extraordinary gains - net
$49Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,111Sale, conversion, retirement of capital stock, net
$558Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.76%Yield on earning assets
4.41%Cost of funding earning assets
3.35%Net interest margin
0.51%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
0.02%Net operating income to assets
0.02%Return on assets (ROA)
0.30%Pretax return on assets
0.11%Return on equity (ROE)
-1.12%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
32.40%Credit loss provision to net charge-offs
0.99%Efficiency ratio
74,782Assets per employee
12.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
1138.78%Loss allowance to loans
2.53%Loss allowance to noncurrent loans
94.99%Noncurrent assets plus other real estate owned to assets
1.16%Noncurrent loans to loans
2.66%Net loans and leases to deposits
84.21%Net loans and leases to core deposits
97.33%Equity capital to assets
23.15%Core capital (leverage) ratio
20.99%Tier 1 risk-based capital ratio
44.04%Total risk-based capital ratio
Memoranda
$45Average assets
$243,497Average earning assets
$45,500Average equity
$204,752Average loans

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