First Colony Bank in city_name, state_name - Detailed Financial Reports, Location

First Colony Bank in Alpharetta, Georgia (GA)
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First Colony Bank - Overview

General
FDIC Certificate #: 25847
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Main Street Bank (#9243)
Federal Reserve ID: 15732
Date Established: January 18, 1985
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 12347
FDIC's unique #: 32082
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 18, 1985
Last Structure Change Effective Date: June 23, 2003
Last Structure Change Process Date: July 31, 2003
Last Data Update: July 31, 2003
Data Source Date: April 05, 2012
Location
Address: 300 South Main Street, Alpharetta, GA 30004
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)
Financial Summary
Total assets: $318.8 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, 2002)

Dollar figures in thousands
48Total employees (full-time equivalent)
$324,135Total assets
$4,810Cash and due from depository institutions
$0Interest-bearing balances
$32,301Securities
$9,147Federal funds sold & reverse repurchase agreements
$270,508Net loans & leases
$3,246Loan loss allowance
$0Trading account assets
$484Bank premises and fixed assets
$278Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,607All other assets
$324,135Total liabilities and capital
$297,891Total liabilities
$281,529Total deposits
$249,433Interest-bearing deposits
$281,529Deposits held in domestic offices
0.00%% insured (estimated)
$147Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$1,215All other liabilities
$26,244Total equity capital
$26,244Total bank equity capital
$26,244Perpetual preferred stock
$0Common stock
$1,250Surplus
$20,438Undivided profits
Memoranda
$4,556Noncurrent loans and leases
$39,343Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$792Earning assets
$671Long-term assets (5+ years)
$1,349Average Assets, year-to-date
$311,956Average Assets, quarterly
$34,598Volatile liabilities
$293,908Insider loans
$319,011FHLB advances
$85,152Loans and leases held for sale
$3,054Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$39,343Total unused commitments
$0Restructured Loans and leases
$3,246Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$19,256Total interest income
$7,475Total interest expense
$11,781Net interest income
$400Provision for loan and lease losses
$2,274Total noninterest income
$0Fiduciary activities
$594Service charges on deposit accounts
$0Trading account gains & fees
$1,680Additional noninterest income
$7,868Total noninterest expense
$5,258Salaries and employee benefits
$993Premises and equipment expense
$1,617Additional noninterest expense
$5,787Pre-tax net operating income
$27Securities gains (losses)
$2,005Applicable income taxes
$3,809Income before extraordinary items
$0Extraordinary gains - net
$3,809Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$60Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.82%Yield on earning assets
2.65%Cost of funding earning assets
4.17%Net interest margin
0.81%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
1.29%Net operating income to assets
1.30%Return on assets (ROA)
1.98%Pretax return on assets
15.91%Return on equity (ROE)
15.91%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
666.67%Credit loss provision to net charge-offs
103.12%Efficiency ratio
55,980Assets per employee
6.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
409.85%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.29%Net loans and leases to deposits
96.09%Net loans and leases to core deposits
137.65%Equity capital to assets
8.10%Core capital (leverage) ratio
8.07%Tier 1 risk-based capital ratio
9.35%Total risk-based capital ratio
Memoranda
$11Average assets
$293,908Average earning assets
$23,937Average equity
$282,380Average loans

First Colony Bank in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Colony Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

First Colony Bank in Alpharetta, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Colony Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

First Colony Bank in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches