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

First Georgia Bank in Brunswick, Georgia (GA)
Show street view No street view available for this location

First Georgia Bank - Overview

General
FDIC Certificate #: 32190
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Community Bank (#16889)
Federal Reserve ID: 435376
Date Established: January 30, 1984
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 7978
FDIC's unique #: 45024
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 30, 1984
Last Structure Change Effective Date: May 01, 2003
Last Structure Change Process Date: May 16, 2003
Last Data Update: May 16, 2003
Data Source Date: April 05, 2012
Location
Address: 1703 Gloucester Street, Brunswick, GA 31521
County: Glynn
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
CBSA Metro Statistical Area: Brunswick, GA (#15260)
Financial Summary
Total assets: $281.3 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
130Total employees (full-time equivalent)
$257,840Total assets
$6,818Cash and due from depository institutions
$255Interest-bearing balances
$27,251Securities
$0Federal funds sold & reverse repurchase agreements
$213,633Net loans & leases
$2,990Loan loss allowance
$0Trading account assets
$5,147Bank premises and fixed assets
$307Other real estate owned
$382Goodwill and other intangibles
$0Life insurance assets
$4,302All other assets
$257,840Total liabilities and capital
$235,709Total liabilities
$225,088Total deposits
$196,933Interest-bearing deposits
$225,088Deposits held in domestic offices
0.00%% insured (estimated)
$4,056Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,500Other borrowed funds
$0Subordinated debt
$1,065All other liabilities
$22,131Total equity capital
$22,131Total bank equity capital
$22,131Perpetual preferred stock
$0Common stock
$4,397Surplus
$15,647Undivided profits
Memoranda
$2,087Noncurrent loans and leases
$21,504Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,416Earning assets
$0Long-term assets (5+ years)
$1,207Average Assets, year-to-date
$241,139Average Assets, quarterly
$64,540Volatile liabilities
$252,413Insider loans
$259,279FHLB advances
$49,658Loans and leases held for sale
$0Unused loan commitments
$5,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,504Total unused commitments
$0Restructured Loans and leases
$2,445Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$16,266Total interest income
$6,492Total interest expense
$9,774Net interest income
$870Provision for loan and lease losses
$2,639Total noninterest income
$0Fiduciary activities
$2,162Service charges on deposit accounts
$0Trading account gains & fees
$477Additional noninterest income
$9,612Total noninterest expense
$4,840Salaries and employee benefits
$1,493Premises and equipment expense
$3,279Additional noninterest expense
$1,931Pre-tax net operating income
$0Securities gains (losses)
$814Applicable income taxes
$1,117Income before extraordinary items
$0Extraordinary gains - net
$1,117Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$121Sale, conversion, retirement of capital stock, net
$1,039Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.01%Yield on earning assets
2.80%Cost of funding earning assets
4.21%Net interest margin
1.14%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.77%Pretax return on assets
5.02%Return on equity (ROE)
0.35%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
719.01%Credit loss provision to net charge-offs
23.15%Efficiency ratio
76,662Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.02%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
87.53%Noncurrent assets plus other real estate owned to assets
1.44%Noncurrent loans to loans
1.58%Net loans and leases to deposits
94.91%Net loans and leases to core deposits
117.71%Equity capital to assets
8.58%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$252,413Average earning assets
$22,235Average equity
$232,004Average loans

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

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

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