FDIC Certificate #: 57017 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 3083741 Date Established: January 28, 2002 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 291962 Numeric code: 21 Regulator: FDIC 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: January 28, 2002 Last Structure Change Effective Date: Febuary 06, 2009 Last Structure Change Process Date: Febuary 09, 2009 Last Data Update: Febuary 09, 2009 Data Source Date: April 05, 2012
Location
Address: 120 Keys Ferry Street, Mcdonough, GA 30253 County: Henry 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: $317.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
53Total employees (full-time equivalent)
$317,237Total assets
$7,146Cash and due from depository institutions
$5,845Interest-bearing balances
$46,702Securities
$9,849Federal funds sold & reverse repurchase agreements
$199,209Net loans & leases
$19,753Loan loss allowance
$0Trading account assets
$7,815Bank premises and fixed assets
$34,162Other real estate owned
$0Goodwill and other intangibles
$1,394Life insurance assets
$12,354All other assets
$317,237Total liabilities and capital
$309,068Total liabilities
$279,308Total deposits
$277,316Interest-bearing deposits
$279,308Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,000Other borrowed funds
$0Subordinated debt
$1,760All other liabilities
$8,169Total equity capital
$8,169Total bank equity capital
$8,169Perpetual preferred stock
$0Common stock
$10,726Surplus
$17,372Undivided profits
Memoranda
$-19,929Noncurrent loans and leases
$10,048Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$74,754Earning assets
$0Long-term assets (5+ years)
$3,781Average Assets, year-to-date
$261,605Average Assets, quarterly
$45,000Volatile liabilities
$368,697Insider loans
$335,815FHLB advances
$31,448Loans and leases held for sale
$7,525Unused loan commitments
$28,000Tier 1 (core) risk-based capital
$20,058Tier 2 risk-based capital
$0Total risk weighted assets
$10,048Total unused commitments
$0Restructured Loans and leases
$3,375Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$17,791Total interest income
$13,496Total interest expense
$4,295Net interest income
$21,709Provision for loan and lease losses
$454Total noninterest income
$0Fiduciary activities
$484Service charges on deposit accounts
$0Trading account gains & fees
-$30Additional noninterest income
$8,306Total noninterest expense
$3,392Salaries and employee benefits
$1,050Premises and equipment expense
$3,864Additional noninterest expense
-$25,266Pre-tax net operating income
$164Securities gains (losses)
$70Applicable income taxes
-$25,172Income before extraordinary items
$0Extraordinary gains - net
-$25,172Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9,098Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.50%Yield on earning assets
4.18%Cost of funding earning assets
1.33%Net interest margin
0.14%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
-6.87%Net operating income to assets
-6.83%Return on assets (ROA)
-6.81%Pretax return on assets
-107.48%Return on equity (ROE)
-107.48%Retained earnings to average equity (YTD only)
3.78%Net charge-offs to loans
238.61%Credit loss provision to net charge-offs
-0.39%Efficiency ratio
174,900Assets per employee
5.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
9.02%Loss allowance to noncurrent loans
26.42%Noncurrent assets plus other real estate owned to assets
34.33%Noncurrent loans to loans
34.14%Net loans and leases to deposits
71.32%Net loans and leases to core deposits
80.37%Equity capital to assets
2.58%Core capital (leverage) ratio
2.31%Tier 1 risk-based capital ratio
3.13%Total risk-based capital ratio
Memoranda
$4Average assets
$368,697Average earning assets
$23,420Average equity
$323,186Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with FirstBank Financial Services.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: