FDIC Certificate #: 58523 Status: Active Federal Reserve ID: 3646397 Date Established: October 22, 2007 WWW:http://www.georgiaprimarybank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 455363 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 22, 2007 Last Structure Change Effective Date: October 22, 2007 Last Structure Change Process Date: October 23, 2007 Last Data Update: October 23, 2007 Data Source Date: April 05, 2012
Location
Address: 3880 Roswell Road, Atlanta, GA 30342 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)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $279.6 mil Equity capital: $26.2 mil Deposits held in domestic offices: $253.0 mil Return on assets (ROA): -1.23% (-$3.4 mil) Quarterly return on assets: -3.78% (-$10.6 mil) Return on Equity (ROE): -12.46% (-$3.2 mil) Quarterly return on equity: -39.36% (-$10.2 mil) Net income: -$3.6 mil Quarterly Net income: -$2.7 mil Pretax return on assets: -1.70% (-$4,753.5 mil) Quarterly Pretax return on assets: -5.05% (-$14,120.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
22Total employees (full-time equivalent)
$279,619Total assets
$32,079Cash and due from depository institutions
$30,509Interest-bearing balances
$4,255Securities
$250Federal funds sold & reverse repurchase agreements
$230,350Net loans & leases
$5,912Loan loss allowance
$0Trading account assets
$5,834Bank premises and fixed assets
$605Other real estate owned
$0Goodwill and other intangibles
$279,619Life insurance assets
$6,246All other assets
$253,408Total liabilities and capital
$252,969Total liabilities
$243,923Total deposits
$252,969Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$439Subordinated debt
$26,211All other liabilities
$26,211Total equity capital
$26,211Total bank equity capital
$6,008Perpetual preferred stock
$10,549Common stock
$12,832Surplus
$-3,178Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$29,979Income earned, not collected on loans
$0Earning assets
$1,323Long-term assets (5+ years)
$265,364Average Assets, year-to-date
$26,117Average Assets, quarterly
$292,648Volatile liabilities
$286,882Insider loans
$242,256FHLB advances
$289,164Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$26,198Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,729Restructured Loans and leases
$7,910Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$14,764Total interest income
$3,256Total interest expense
$11,508Net interest income
$11,565Provision for loan and lease losses
$447Total noninterest income
$0Fiduciary activities
$114Service charges on deposit accounts
$0Trading account gains & fees
$333Additional noninterest income
$5,377Total noninterest expense
$2,648Salaries and employee benefits
$336Premises and equipment expense
$2,393Additional noninterest expense
-$4,987Pre-tax net operating income
$0Securities gains (losses)
-$1,400Applicable income taxes
-$3,587Income before extraordinary items
$0Extraordinary gains - net
-$3,587Net income attributable to bank
$0Net charge-offs
-$3,587Cash dividends
$11,544Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.27%Yield on earning assets
1.16%Cost of funding earning assets
4.11%Net interest margin
0.16%Noninterest income to earning assets
1.92%Noninterest expense to earning assets
-1.23%Net operating income to assets
-1.23%Return on assets (ROA)
-1.70%Pretax return on assets
-12.46%Return on equity (ROE)
-12.46%Retained earnings to average equity (YTD only)
4.65%Net charge-offs to loans
100.18%Credit loss provision to net charge-offs
0.57%Efficiency ratio
44,776Assets per employee
12.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.50%Loss allowance to noncurrent loans
19.72%Noncurrent assets plus other real estate owned to assets
10.94%Noncurrent loans to loans
12.69%Net loans and leases to deposits
91.06%Net loans and leases to core deposits
95.06%Equity capital to assets
9.37%Core capital (leverage) ratio
9.06%Tier 1 risk-based capital ratio
10.81%Total risk-based capital ratio
Memoranda
$12Average assets
$292,648Average earning assets
$28,792Average equity
$280,288Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
455363
Georgia Primary Bank
3880 Roswell Road, Atlanta, GA 30342
October 22, 2007
Full Service Brick and Mortar
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