Georgia Federal Bank, FSB in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 12, 1993

  • Georgia Federal Bank, FSB in Atlanta, Georgia (GA)
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Georgia Federal Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28241
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of Georgia (#20147)
    Federal Reserve ID: 949275
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1213
    FDIC's unique #: 41075
    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: August 31, 1935
    Last Structure Change Effective Date: June 12, 1993
    Last Structure Change Process Date: June 18, 1993
    Last Data Update: June 18, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 Marietta St N W, Atlanta, GA 30303
    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: $4,047.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,030Total assets
  • $4,307,487Cash and due from depository institutions
  • $192,358Interest-bearing balances
  • $89,950Securities
  • $1,634,349Federal funds sold & reverse repurchase agreements
  • $85,000Net loans & leases
  • $2,027,930Loan loss allowance
  • $26,460Trading account assets
  • $0Bank premises and fixed assets
  • $74,076Other real estate owned
  • $32,873Goodwill and other intangibles
  • $174,841Life insurance assets
  • $86,060All other assets
  • $0Total liabilities and capital
  • $4,307,487Total liabilities
  • $4,004,409Total deposits
  • $2,747,713Interest-bearing deposits
  • $2,581,609Deposits held in domestic offices
  • 2747713.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $436,388Trading liabilities
  • $0Other borrowed funds
  • $659,344Subordinated debt
  • $0All other liabilities
  • $160,964Total equity capital
  • $160,964Total bank equity capital
  • $303,078Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $240,046Undivided profits
  • Memoranda
  • $63,031Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,719Income earned, not collected on loans
  • $10,631Earning assets
  • $3,837,229Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $4,523,155Average Assets, quarterly
  • $4,391,731Volatile liabilities
  • $1,412,350Insider loans
  • $0FHLB advances
  • $565,722Loans and leases held for sale
  • $0Unused loan commitments
  • $386,361Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $234,571Total risk weighted assets
  • $2,369,542Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $342,157Total interest expense
  • $238,932Net interest income
  • $103,225Provision for loan and lease losses
  • $12,101Total noninterest income
  • $85,734Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $85,734Total noninterest expense
  • $84,470Salaries and employee benefits
  • $37,062Premises and equipment expense
  • $15,831Additional noninterest expense
  • $31,577Pre-tax net operating income
  • $92,388Securities gains (losses)
  • $2,186Applicable income taxes
  • $10,741Income before extraordinary items
  • $83,833Extraordinary gains - net
  • $0Net income attributable to bank
  • $83,833Net charge-offs
  • $12,150Cash dividends
  • $100,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.66%Cost of funding earning assets
  • 6.04%Net interest margin
  • 2.61%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 2.14%Net operating income to assets
  • 1.81%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 2.09%Return on equity (ROE)
  • 25.60%Retained earnings to average equity (YTD only)
  • -4.94%Net charge-offs to loans
  • 0.51%Credit loss provision to net charge-offs
  • 99.60%Efficiency ratio
  • 42,262Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 119.28%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 158.26%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 73.80%Net loans and leases to core deposits
  • 83.42%Equity capital to assets
  • 7.04%Core capital (leverage) ratio
  • 5.54%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $4,523,155Average earning assets
  • $327,441Average equity
  • $3,952,998Average loans

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