NetBank in Alpharetta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 2007

  • NetBank in Alpharetta, Georgia (GA)
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NetBank - Overview

  • General
  • FDIC Certificate #: 32575
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: ING Bank, fsb (#35489)
    Federal Reserve ID: 2600516
    Date Established: March 21, 1988
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8475
    FDIC's unique #: 45409
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 21, 1988
    Last Structure Change Effective Date: September 28, 2007
    Last Structure Change Process Date: October 01, 2007
    Last Data Update: October 01, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1015 Windward Ridge Parkway, Alpharetta, GA 30005
    County: Forsyth
    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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $2,473.8 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, 2006)

  • Dollar figures in thousands
  • 1,773Total employees (full-time equivalent)
  • $3,637,603Total assets
  • $609,037Cash and due from depository institutions
  • $1,617Interest-bearing balances
  • $294,280Securities
  • $6,004Federal funds sold & reverse repurchase agreements
  • $2,474,786Net loans & leases
  • $28,043Loan loss allowance
  • $0Trading account assets
  • $21,989Bank premises and fixed assets
  • $13,779Other real estate owned
  • $93,426Goodwill and other intangibles
  • $17,676Life insurance assets
  • $124,302All other assets
  • $3,637,603Total liabilities and capital
  • $3,419,048Total liabilities
  • $2,620,841Total deposits
  • $2,612,803Interest-bearing deposits
  • $2,620,841Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $57,515Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $604,197Other borrowed funds
  • $0Subordinated debt
  • $136,495All other liabilities
  • $218,555Total equity capital
  • $218,555Total bank equity capital
  • $218,555Perpetual preferred stock
  • $0Common stock
  • $3,205Surplus
  • $371,027Undivided profits
  • Memoranda
  • $-155,677Noncurrent loans and leases
  • $716,848Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $124,277Earning assets
  • $0Long-term assets (5+ years)
  • $12,165Average Assets, year-to-date
  • $2,776,687Average Assets, quarterly
  • $0Volatile liabilities
  • $4,173,843Insider loans
  • $3,758,596FHLB advances
  • $1,065,477Loans and leases held for sale
  • $0Unused loan commitments
  • $600,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $712,741Total unused commitments
  • $6,444Restructured Loans and leases
  • $27,748Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $237,025Total interest income
  • $148,751Total interest expense
  • $88,274Net interest income
  • $12,130Provision for loan and lease losses
  • $23,011Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23,011Additional noninterest income
  • $305,658Total noninterest expense
  • $116,317Salaries and employee benefits
  • $50,615Premises and equipment expense
  • $138,726Additional noninterest expense
  • -$206,503Pre-tax net operating income
  • $2,822Securities gains (losses)
  • -$49,870Applicable income taxes
  • -$153,811Income before extraordinary items
  • -$37,328Extraordinary gains - net
  • -$191,139Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11,688Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.81%Yield on earning assets
  • 4.27%Cost of funding earning assets
  • 2.54%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 8.78%Noninterest expense to earning assets
  • -3.74%Net operating income to assets
  • -4.58%Return on assets (ROA)
  • -5.77%Pretax return on assets
  • -57.54%Return on equity (ROE)
  • -57.54%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 103.78%Credit loss provision to net charge-offs
  • -16.63%Efficiency ratio
  • 227,201Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 22.56%Noncurrent assets plus other real estate owned to assets
  • 3.80%Noncurrent loans to loans
  • 4.97%Net loans and leases to deposits
  • 94.43%Net loans and leases to core deposits
  • 111.62%Equity capital to assets
  • 6.01%Core capital (leverage) ratio
  • 4.83%Tier 1 risk-based capital ratio
  • 7.82%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $4,173,843Average earning assets
  • $332,204Average equity
  • $3,479,777Average loans

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