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

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

First Georgia Community Bank - Overview

General
FDIC Certificate #: 34301
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: United Bank (#172)
Federal Reserve ID: 2508126
Date Established: September 08, 1997
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 57060
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: September 08, 1997
Last Structure Change Effective Date: December 05, 2008
Last Structure Change Process Date: December 05, 2008
Last Data Update: December 05, 2008
Data Source Date: April 05, 2012
Location
Address: 150 Covington Street, Jackson, GA 30233
County: Butts
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): Atlanta-Sandy Springs-Marietta, GA (#12060)
CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial Summary
Total assets: $256.4 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, 2007)

Dollar figures in thousands
75Total employees (full-time equivalent)
$285,249Total assets
$8,801Cash and due from depository institutions
$3,034Interest-bearing balances
$23,020Securities
$37,942Federal funds sold & reverse repurchase agreements
$192,518Net loans & leases
$16,953Loan loss allowance
$0Trading account assets
$4,231Bank premises and fixed assets
$6,650Other real estate owned
$0Goodwill and other intangibles
$2,718Life insurance assets
$12,087All other assets
$285,249Total liabilities and capital
$271,748Total liabilities
$245,730Total deposits
$223,497Interest-bearing deposits
$245,730Deposits held in domestic offices
0.00%% insured (estimated)
$4,013Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,800Other borrowed funds
$0Subordinated debt
$4,205All other liabilities
$13,501Total equity capital
$13,501Total bank equity capital
$13,501Perpetual preferred stock
$0Common stock
$3,250Surplus
$11,427Undivided profits
Memoranda
$-1,176Noncurrent loans and leases
$37,171Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$17,860Earning assets
$0Long-term assets (5+ years)
$2,076Average Assets, year-to-date
$256,514Average Assets, quarterly
$18,516Volatile liabilities
$298,809Insider loans
$295,892FHLB advances
$58,037Loans and leases held for sale
$6,982Unused loan commitments
$17,800Tier 1 (core) risk-based capital
$35,000Tier 2 risk-based capital
$50Total risk weighted assets
$37,171Total unused commitments
$3,501Restructured Loans and leases
$3,038Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$22,568Total interest income
$13,011Total interest expense
$9,557Net interest income
$15,821Provision for loan and lease losses
$1,199Total noninterest income
$0Fiduciary activities
$930Service charges on deposit accounts
$0Trading account gains & fees
$269Additional noninterest income
$8,434Total noninterest expense
$3,939Salaries and employee benefits
$843Premises and equipment expense
$3,652Additional noninterest expense
-$13,499Pre-tax net operating income
$3Securities gains (losses)
-$1,519Applicable income taxes
-$11,977Income before extraordinary items
$0Extraordinary gains - net
-$11,977Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,845Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.12%Yield on earning assets
4.68%Cost of funding earning assets
3.44%Net interest margin
0.43%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
-4.01%Net operating income to assets
-4.01%Return on assets (ROA)
-4.52%Pretax return on assets
-51.64%Return on equity (ROE)
-51.64%Retained earnings to average equity (YTD only)
0.82%Net charge-offs to loans
857.51%Credit loss provision to net charge-offs
1.26%Efficiency ratio
78,412Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
8.09%Loss allowance to noncurrent loans
94.92%Noncurrent assets plus other real estate owned to assets
8.59%Noncurrent loans to loans
8.53%Net loans and leases to deposits
78.35%Net loans and leases to core deposits
100.42%Equity capital to assets
4.73%Core capital (leverage) ratio
4.37%Tier 1 risk-based capital ratio
5.67%Total risk-based capital ratio
Memoranda
$7Average assets
$298,809Average earning assets
$23,192Average equity
$277,768Average loans

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

First Georgia Community Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

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

First Georgia Community Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

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