First Cherokee State Bank in city_name, state_name - Detailed Financial Reports, Location

First Cherokee State Bank in Woodstock, Georgia (GA)
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First Cherokee State Bank routing number info

First Cherokee State Bank - Overview

General
FDIC Certificate #: 32711
Status: Active
Federal Reserve ID: 1407530
Bank Holding Company (Regulatory Top Holder): Acru, Inc. (RSSDID: 1427293, Location: Woodstock, GA)
Date Established: November 27, 1989
WWW: http://www.firstcherokeestate.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12735
FDIC's unique #: 45547
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 27, 1989
Last Structure Change Effective Date: May 22, 2007
Last Structure Change Process Date: June 04, 2007
Last Data Update: June 04, 2007
Data Source Date: April 05, 2012
Location
Address: 9860 Highway 92, Woodstock, GA 30188
County: Cherokee
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: $222.0 mil
Equity capital: $4.9 mil
Deposits held in domestic offices: $190.4 mil
Return on assets (ROA): -3.26% (-$7.2 mil)
Quarterly return on assets: -3.00% (-$6.7 mil)
Return on Equity (ROE): -101.13% (-$5.1 mil)
Quarterly return on equity: -130.98% (-$6.5 mil)
Net income: -$7.9 mil
Quarterly Net income: -$1.8 mil
Pretax return on assets: -3.26% (-$7,236.3 mil)
Quarterly Pretax return on assets: -3.00% (-$6,659.2 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, 2011)

Dollar figures in thousands
65Total employees (full-time equivalent)
$221,972Total assets
$24,536Cash and due from depository institutions
$21,408Interest-bearing balances
$19,591Securities
$0Federal funds sold & reverse repurchase agreements
$141,497Net loans & leases
$3,362Loan loss allowance
$0Trading account assets
$4,226Bank premises and fixed assets
$21,624Other real estate owned
$7Goodwill and other intangibles
$221,972Life insurance assets
$10,491All other assets
$217,050Total liabilities and capital
$190,369Total liabilities
$161,810Total deposits
$190,369Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$25,574Trading liabilities
$0Other borrowed funds
$1,107Subordinated debt
$4,922All other liabilities
$4,922Total equity capital
$4,922Total bank equity capital
$0Perpetual preferred stock
$2,600Common stock
$12,611Surplus
$-10,289Undivided profits
Memoranda
$0Noncurrent loans and leases
$114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$14,897Income earned, not collected on loans
$163Earning assets
$423Long-term assets (5+ years)
$182,496Average Assets, year-to-date
$60,830Average Assets, quarterly
$241,733Volatile liabilities
$233,116Insider loans
$164,698FHLB advances
$229,258Loans and leases held for sale
$6,256Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,817Tier 2 risk-based capital
$6,256Total risk weighted assets
$0Total unused commitments
$13,850Restructured Loans and leases
$2,860Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,431Total interest income
$3,193Total interest expense
$6,238Net interest income
$1,490Provision for loan and lease losses
-$399Total noninterest income
$1,169Fiduciary activities
$855Service charges on deposit accounts
$0Trading account gains & fees
-$2,423Additional noninterest income
$12,376Total noninterest expense
$4,979Salaries and employee benefits
$1,131Premises and equipment expense
$6,266Additional noninterest expense
-$8,027Pre-tax net operating income
$155Securities gains (losses)
$0Applicable income taxes
-$7,872Income before extraordinary items
$0Extraordinary gains - net
-$7,872Net income attributable to bank
$0Net charge-offs
-$7,872Cash dividends
$2,456Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.61%Cost of funding earning assets
3.14%Net interest margin
-0.20%Noninterest income to earning assets
6.23%Noninterest expense to earning assets
-3.32%Net operating income to assets
-3.26%Return on assets (ROA)
-3.26%Pretax return on assets
-101.13%Return on equity (ROE)
-101.13%Retained earnings to average equity (YTD only)
1.61%Net charge-offs to loans
60.67%Credit loss provision to net charge-offs
-2.66%Efficiency ratio
211,954Assets per employee
3.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.32%Loss allowance to noncurrent loans
22.57%Noncurrent assets plus other real estate owned to assets
16.45%Noncurrent loans to loans
10.28%Net loans and leases to deposits
74.33%Net loans and leases to core deposits
77.67%Equity capital to assets
2.22%Core capital (leverage) ratio
2.10%Tier 1 risk-based capital ratio
2.92%Total risk-based capital ratio
Memoranda
$4Average assets
$241,733Average earning assets
$7,784Average equity
$198,608Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$8Managed Assets
1Number of Accounts
$8Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$8Non-managed Assets
2Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Georgia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	45547	First Cherokee State Bank	9860 Highway 92, Woodstock, GA 30188	November 27, 1989	Full Service Brick and Mortar
1	284047	North Marietta Branch	1350 Church St. Ext Suite 100, Marietta, GA 30062	August 01, 1961	Full Service Brick and Mortar
2	288943	Canton Branch	134 Keith Drive, Canton, GA 30114	June 01, 1998	Full Service Brick and Mortar

First Cherokee State Bank in Woodstock, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Cherokee State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Cherokee State Bank in Woodstock, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Cherokee State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Cherokee State Bank in Woodstock, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches