FDIC Certificate #: 57882 Status: Active Federal Reserve ID: 3340903 Date Established: March 15, 2005 WWW:http://www.legacystatebank.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 #: 429271 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: March 15, 2005 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 3825 Harrison Road, Loganville, GA 30052 County: Gwinnett 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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $74.7 mil Equity capital: $5.5 mil Deposits held in domestic offices: $64.3 mil Return on assets (ROA): -4.41% (-$3.3 mil) Quarterly return on assets: -3.44% (-$2.6 mil) Return on Equity (ROE): -68.99% (-$4.1 mil) Quarterly return on equity: -57.20% (-$3.4 mil) Net income: -$3.7 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -4.41% (-$3,295.9 mil) Quarterly Pretax return on assets: -3.44% (-$2,571.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$74,737Total assets
$6,189Cash and due from depository institutions
$5,480Interest-bearing balances
$20,303Securities
$140Federal funds sold & reverse repurchase agreements
$33,690Net loans & leases
$894Loan loss allowance
$0Trading account assets
$2,572Bank premises and fixed assets
$10,730Other real estate owned
$0Goodwill and other intangibles
$74,737Life insurance assets
$1,113All other assets
$69,194Total liabilities and capital
$64,305Total liabilities
$59,640Total deposits
$64,305Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,800Trading liabilities
$0Other borrowed funds
$89Subordinated debt
$5,543All other liabilities
$5,543Total equity capital
$5,543Total bank equity capital
$840Perpetual preferred stock
$6,346Common stock
$19,940Surplus
$-21,583Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,846Income earned, not collected on loans
$0Earning assets
$267Long-term assets (5+ years)
$59,613Average Assets, year-to-date
$18,882Average Assets, quarterly
$83,664Volatile liabilities
$77,140Insider loans
$54,180FHLB advances
$77,634Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,784Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$897Restructured Loans and leases
$327Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,606Total interest income
$1,075Total interest expense
$1,531Net interest income
$640Provision for loan and lease losses
$257Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$169Additional noninterest income
$4,926Total noninterest expense
$1,113Salaries and employee benefits
$202Premises and equipment expense
$3,611Additional noninterest expense
-$3,778Pre-tax net operating income
$92Securities gains (losses)
$0Applicable income taxes
-$3,686Income before extraordinary items
$0Extraordinary gains - net
-$3,686Net income attributable to bank
$0Net charge-offs
-$3,686Cash dividends
$836Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.79%Yield on earning assets
1.56%Cost of funding earning assets
2.23%Net interest margin
0.37%Noninterest income to earning assets
7.17%Noninterest expense to earning assets
-4.52%Net operating income to assets
-4.41%Return on assets (ROA)
-4.41%Pretax return on assets
-68.99%Return on equity (ROE)
-68.99%Retained earnings to average equity (YTD only)
2.23%Net charge-offs to loans
76.56%Credit loss provision to net charge-offs
-3.75%Efficiency ratio
275,503Assets per employee
4.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
23.24%Noncurrent assets plus other real estate owned to assets
19.50%Noncurrent loans to loans
11.12%Net loans and leases to deposits
52.39%Net loans and leases to core deposits
54.17%Equity capital to assets
7.42%Core capital (leverage) ratio
7.45%Tier 1 risk-based capital ratio
10.68%Total risk-based capital ratio
Memoranda
$12Average assets
$83,664Average earning assets
$5,343Average equity
$68,728Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
429271
Legacy State Bank
3825 Harrison Road, Loganville, GA 30052
March 15, 2005
Full Service Brick and Mortar
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 Legacy State Bank.
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: