First Federal Bank of Northwest Georgia, Federal Savings Bank in Cedartown, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 09, 1996

First Federal Bank of Northwest Georgia, Federal Savings Bank in Cedartown, Georgia (GA)
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First Federal Bank of Northwest Georgia, Federal Savings Bank - Overview

General
FDIC Certificate #: 30844
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 504870
Date Established: January 01, 1923
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6003
FDIC's unique #: 43678
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: July 16, 1956
Last Structure Change Effective Date: December 09, 1996
Last Structure Change Process Date: January 16, 1997
Last Data Update: January 16, 1997
Data Source Date: April 05, 2012
Location
Address: 120 North Main St, Cedartown, GA 30125
County: Polk
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
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Cedartown, GA (#16340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $93.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$29Total assets
$90,023Cash and due from depository institutions
$3,492Interest-bearing balances
$2,289Securities
$20,206Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$62,902Loan loss allowance
$648Trading account assets
$0Bank premises and fixed assets
$968Other real estate owned
$749Goodwill and other intangibles
$1,706Life insurance assets
$0All other assets
$0Total liabilities and capital
$90,023Total liabilities
$77,262Total deposits
$76,663Interest-bearing deposits
$75,971Deposits held in domestic offices
76663.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$599Total equity capital
$599Total bank equity capital
$12,761Perpetual preferred stock
$0Common stock
$3Surplus
$2,723Undivided profits
Memoranda
$10,035Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$581Income earned, not collected on loans
$368Earning assets
$85,397Long-term assets (5+ years)
$0Average Assets, year-to-date
$87,689Average Assets, quarterly
$90,237Volatile liabilities
$6,526Insider loans
$504FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,201Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,496Total risk weighted assets
$47,809Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$6,426Total interest expense
$3,781Net interest income
$2,645Provision for loan and lease losses
$0Total noninterest income
$536Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$536Total noninterest expense
$1,727Salaries and employee benefits
$750Premises and equipment expense
$322Additional noninterest expense
$655Pre-tax net operating income
$1,454Securities gains (losses)
$0Applicable income taxes
$483Income before extraordinary items
$971Extraordinary gains - net
$0Net income attributable to bank
$971Net charge-offs
$0Cash dividends
$477Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.70%Cost of funding earning assets
4.53%Net interest margin
3.17%Noninterest income to earning assets
0.64%Noninterest expense to earning assets
2.07%Net operating income to assets
1.11%Return on assets (ROA)
1.11%Pretax return on assets
1.66%Return on equity (ROE)
7.98%Retained earnings to average equity (YTD only)
4.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,291Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.12%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
111.53%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
0.91%Net loans and leases to deposits
82.05%Net loans and leases to core deposits
89.68%Equity capital to assets
14.18%Core capital (leverage) ratio
13.88%Tier 1 risk-based capital ratio
26.14%Total risk-based capital ratio
Memoranda
$27Average assets
$87,689Average earning assets
$12,168Average equity
$83,461Average loans

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